(NASDAQ:ESXB) shares saw light trading volume with 8,516 shares changing hands in the last trading session. Volume was down 75.16% under the stocks average daily volume.
Traders are more bullish on shares of the company lately considering the downtick in short interest. The stock experienced a fall in short interest from September 29, 2017 to October 13, 2017 of -11.26%. Short interest decreased from 382,415 to 339,347 over that period. Days to cover decreased from 8.0 to 5.0 and the percentage of shorted shares was 0.02% on October 13.
There has been some buying insider activity on Community Bankers Cm (NASDAQ:ESXB) recently. Robin Traywick Williams, Director disclosed the purchase of 275 shares. The shares sold for $8.78. The Director now owns $566,152 of the stock per the Form 4 SEC filing.
Here are a few substantial investment firms who have updated their positions. As of the end of the quarter Wellington Management Group Llp had sold 113,315 shares trimming its stake by 5.3%. The value in dollars went from $17,688,000 to $18,682,000 increasing 5.6% for the reporting period. As of quarter end Paragon Associates & Paragon Associates II Joint Venture had disposed of a total of 1,665 shares trimming its position 0.3%. The value of the company’s investment in Community Bankers Cm increased from $4,125,000 to $4,585,000 a change of $460,000 quarter over quarter.
Dimensional Fund Advisors Lp added to its ownership by buying 23,297 shares an increase of 34.7%. Dimensional Fund Advisors Lp controls 90,431 shares with a value of $832,000. The total value of its holdings increased 50.2%. California State Teachers Retirement System downsized its position by shedding 2,700 shares a decrease of 7.1% as of 09/30/2017. California State Teachers Retirement System owns 35,300 shares valued at $325,000. The value of the position overall is up by 3.5%.
On October 27 analysts at Brean Capital updated its forecast on ESXB stating a rating of “Buy” and setting a price target of $10.00.
On October 3 Keefe, Bruyette & Woods maintained a company rating of “Market Perform” projecting a price of $9.00.
Equity analyst Sandler O’Neill released guidance on ESXB setting a rating of “Hold”. August 2 investment analysts at Brean Capital maintained a “Buy” rating on the company.
The company is down by 0.61% since yesterday’s close of 8.15. Community Bankers Cm’s P/E ratio is 17.16 and the market cap is 178.59M. As of the latest earnings report the EPS was $0.47 with 22.05M shares currently outstanding.
Community Bankers Trust Corporation, launched on April 6, 2005, is the holding company for Essex Bank (the Bank). The Bank is involved 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, online and mobile banking products, and safe deposit box facilities. Essex Services, Inc., a subsidiary of the Bank, and its financial consultants offer a range of investment products and alternatives through an affiliation with Infinex Investments, Inc., which is an independent broker-dealer. The Company operates in over three business lines: retail and small business banking, commercial and industrial banking and real estate lending..