Community Bankers Trust (NASDAQ:ESXB) Stock Crosses Above 50-Day Moving Average of $9.05

Community Bankers Trust Corp (NASDAQ:ESXB)’s share price crossed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $9.05 and traded as high as $9.25. Community Bankers Trust shares last traded at $9.18, with a volume of 16,644 shares trading hands.

Separately, Stephens began coverage on Community Bankers Trust in a research note on Monday, January 6th. They set an “overweight” rating and a $10.00 price target on the stock.

The company has a 50 day simple moving average of $9.07 and a two-hundred day simple moving average of $8.56.

Community Bankers Trust (NASDAQ:ESXB) last posted its quarterly earnings results on Friday, January 24th. The financial services provider reported $0.18 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.16 by $0.02. The firm had revenue of $13.79 million for the quarter, compared to analysts’ expectations of $13.50 million.

The business also recently announced a quarterly dividend, which will be paid on Monday, March 2nd. Stockholders of record on Thursday, February 20th will be paid a $0.05 dividend. This is an increase from Community Bankers Trust’s previous quarterly dividend of $0.04. The ex-dividend date of this dividend is Wednesday, February 19th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 2.19%. Community Bankers Trust’s dividend payout ratio is presently 18.75%.

Several institutional investors and hedge funds have recently modified their holdings of ESXB. Citigroup Inc. boosted its stake in shares of Community Bankers Trust by 46.1% in the fourth quarter. Citigroup Inc. now owns 4,331 shares of the financial services provider’s stock worth $38,000 after buying an additional 1,367 shares during the last quarter. Denali Advisors LLC purchased a new stake in shares of Community Bankers Trust in the fourth quarter worth about $67,000. Martingale Asset Management L P purchased a new stake in shares of Community Bankers Trust in the fourth quarter worth about $95,000. Patriot Financial Partners GP LP purchased a new stake in shares of Community Bankers Trust in the third quarter worth about $104,000. Finally, Cary Street Partner Investment Advisory LLC purchased a new stake in shares of Community Bankers Trust in the fourth quarter worth about $179,000.

Community Bankers Trust Company Profile (NASDAQ:ESXB)

Community Bankers Trust Corporation operates as the holding company for the Essex Bank that provides financial services primarily to individuals and small businesses. It offers individual and commercial demand and time deposit accounts; and commercial and industrial loans, consumer and small business loans, and real estate and mortgage loans.

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