Bank of New York Mellon Corp acquired a new position in Community Bankers Trust Corp. (NASDAQ:ESXB) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 60,956 shares of the financial services provider’s stock, valued at approximately $503,000. Bank of New York Mellon Corp owned about 0.28% of Community Bankers Trust Corp. at the end of the most recent reporting period.
A number of other hedge funds also recently bought and sold shares of ESXB. Acadian Asset Management LLC grew its holdings in Community Bankers Trust Corp. by 69.7% during the 2nd quarter. Acadian Asset Management LLC now owns 17,043 shares of the financial services provider’s stock worth $141,000 after acquiring an additional 7,000 shares during the period. Rhumbline Advisers acquired a new stake in Community Bankers Trust Corp. during the 2nd quarter worth $184,000. Schwab Charles Investment Management Inc. acquired a new stake in Community Bankers Trust Corp. during the 2nd quarter worth $307,000. Wedge Capital Management L L P NC acquired a new stake in Community Bankers Trust Corp. during the 2nd quarter worth $322,000. Finally, Monarch Partners Asset Management LLC acquired a new stake in Community Bankers Trust Corp. during the 2nd quarter worth $473,000.
Shares of Community Bankers Trust Corp. (NASDAQ:ESXB) opened at 8.85 on Tuesday. Community Bankers Trust Corp. has a 12-month low of $5.41 and a 12-month high of $9.35. The firm’s 50-day moving average is $9.00 and its 200-day moving average is $8.45. The firm has a market cap of $195.03 million and a price-to-earnings ratio of 18.83.
Community Bankers Trust Corp. (NASDAQ:ESXB) last released its quarterly earnings results on Thursday, October 26th. The financial services provider reported $0.11 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.12 by ($0.01). The business had revenue of $12.19 million for the quarter. Community Bankers Trust Corp. had a net margin of 24.12% and a return on equity of 9.83%. Analysts predict that Community Bankers Trust Corp. will post $0.48 earnings per share for the current fiscal year.
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A number of research firms have commented on ESXB. Brean Capital set a $10.00 target price on shares of Community Bankers Trust Corp. and gave the stock a “buy” rating in a report on Friday. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and set a $9.00 target price on shares of Community Bankers Trust Corp. in a report on Tuesday, October 3rd. Finally, Sandler O’Neill began coverage on shares of Community Bankers Trust Corp. in a report on Wednesday, August 30th. They set a “hold” rating and a $9.00 target price for the company.
Community Bankers Trust Corp. 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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