Community Bankers Trust (ESXB) PT Set at $9.00 by Sandler O’Neill

Community Bankers Trust (NASDAQ:ESXB) has been given a $9.00 target price by investment analysts at Sandler O’Neill in a research note issued to investors on Thursday. The brokerage currently has a “hold” rating on the financial services provider’s stock. Sandler O’Neill’s target price would indicate a potential upside of 11.80% from the company’s current price.

Several other brokerages have also weighed in on ESXB. Keefe, Bruyette & Woods lowered Community Bankers Trust from an “outperform” rating to a “market perform” rating in a research report on Wednesday, October 4th. Brean Capital set a $10.00 target price on Community Bankers Trust and gave the stock a “buy” rating in a research report on Friday, October 27th. Stephens lowered Community Bankers Trust from an “overweight” rating to an “equal weight” rating in a research report on Tuesday, October 31st. Finally, FIG Partners reaffirmed a “market-perform” rating on shares of Community Bankers Trust in a research report on Wednesday, December 20th. Three research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $9.33.

Community Bankers Trust (NASDAQ ESXB) opened at $8.05 on Thursday. The firm has a market capitalization of $179.69, a price-to-earnings ratio of 17.13 and a beta of 0.34. Community Bankers Trust has a 52-week low of $6.95 and a 52-week high of $9.35.

Community Bankers Trust (NASDAQ:ESXB) last issued its earnings results on Thursday, October 26th. The financial services provider reported $0.11 earnings per share for the quarter, missing the consensus estimate of $0.12 by ($0.01). The firm had revenue of $12.19 million during the quarter. Community Bankers Trust had a return on equity of 7.87% and a net margin of 19.82%.

In related news, insider Rex L. Smith III acquired 10,000 shares of the business’s stock in a transaction on Tuesday, October 31st. The shares were bought at an average cost of $8.80 per share, with a total value of $88,000.00. Following the completion of the transaction, the insider now directly owns 47,250 shares of the company’s stock, valued at approximately $415,800. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders acquired 15,275 shares of company stock worth $132,310 over the last three months.

A number of large investors have recently added to or reduced their stakes in ESXB. Schwab Charles Investment Management Inc. purchased a new position in Community Bankers Trust in the second quarter valued at about $307,000. Rhumbline Advisers purchased a new position in Community Bankers Trust in the second quarter valued at about $184,000. Bank of New York Mellon Corp purchased a new position in Community Bankers Trust in the second quarter valued at about $503,000. Teachers Advisors LLC purchased a new position in Community Bankers Trust in the second quarter valued at about $318,000. Finally, TIAA CREF Investment Management LLC purchased a new position in Community Bankers Trust in the second quarter valued at about $528,000.

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Community Bankers Trust Company Profile

Community Bankers Trust Corporation is the holding company for Essex Bank (the Bank). The Bank is engaged in a general commercial banking business and provides a range of financial services to individuals and small businesses, including individual and commercial demand and time deposit accounts, commercial and industrial loans, consumer and small business loans, real estate and mortgage loans, investment services and safe deposit box facilities.

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