NasdaqCM:ESXB

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Community Bankers Trust

Executive Summary

Community Bankers Trust Corporation operates as the holding company for the Essex Bank that provides financial services primarily to individuals, small businesses, and commercial companies. More Details


Snowflake Analysis

Flawless balance sheet and good value.


Similar Companies

Share Price & News

How has Community Bankers Trust's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: ESXB is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 3% a week.

Volatility Over Time: ESXB's weekly volatility (3%) has been stable over the past year.


Market Performance


7 Day Return

6.4%

ESXB

4.5%

US Banks

-0.4%

US Market


1 Year Return

9.4%

ESXB

35.5%

US Banks

36.2%

US Market

Return vs Industry: ESXB underperformed the US Banks industry which returned 35.4% over the past year.

Return vs Market: ESXB underperformed the US Market which returned 36.3% over the past year.


Shareholder returns

ESXBIndustryMarket
7 Day6.4%4.5%-0.4%
30 Day10.7%12.1%-2.3%
90 Day18.3%25.4%5.0%
1 Year13.5%9.4%40.3%35.5%39.1%36.2%
3 Year-1.1%-6.7%13.1%3.4%48.4%39.0%
5 Year75.3%65.5%100.7%75.2%116.6%92.4%

Long-Term Price Volatility Vs. Market

How volatile is Community Bankers Trust's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Community Bankers Trust undervalued compared to its fair value and its price relative to the market?

20.9%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: ESXB ($8.26) is trading below our estimate of fair value ($10.45)

Significantly Below Fair Value: ESXB is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: ESXB is good value based on its PE Ratio (11.8x) compared to the US Banks industry average (13.1x).

PE vs Market: ESXB is good value based on its PE Ratio (11.8x) compared to the US market (21.5x).


Price to Earnings Growth Ratio

PEG Ratio: ESXB's earnings are forecast to decline next year, so we can't calculate its PEG ratio.


Price to Book Ratio

PB vs Industry: ESXB's PB Ratio (1.1x) is in line with the US Banks industry average.


Next Steps

Future Growth

How is Community Bankers Trust forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?

-3.7%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: ESXB's earnings are forecast to decline over the next 3 years (-3.7% per year).

Earnings vs Market: ESXB's earnings are forecast to decline over the next 3 years (-3.7% per year).

High Growth Earnings: ESXB's earnings are forecast to decline over the next 3 years.

Revenue vs Market: ESXB's revenue (5.5% per year) is forecast to grow slower than the US market (10% per year).

High Growth Revenue: ESXB's revenue (5.5% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: ESXB's Return on Equity is forecast to be low in 3 years time (8%).


Next Steps

Past Performance

How has Community Bankers Trust performed over the past 5 years?

28.6%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: ESXB has high quality earnings.

Growing Profit Margin: ESXB's current net profit margins (29.3%) are higher than last year (28.6%).


Past Earnings Growth Analysis

Earnings Trend: ESXB has become profitable over the past 5 years, growing earnings by 28.6% per year.

Accelerating Growth: ESXB's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: ESXB had negative earnings growth (-0.9%) over the past year, making it difficult to compare to the Banks industry average (0.5%).


Return on Equity

High ROE: ESXB's Return on Equity (9.2%) is considered low.


Next Steps

Financial Health

How is Community Bankers Trust's financial position? (This company is analysed differently as a bank or financial institution)


Financial Position Analysis


Debt to Equity History and Analysis


Balance Sheet


Financial Institutions Analysis

Asset Level: ESXB's Assets to Equity ratio (9.7x) is low.

Allowance for Bad Loans: ESXB has a sufficient allowance for bad loans (351%).

Low Risk Liabilities: 95% of ESXB's liabilities are made up of primarily low risk sources of funding.

Loan Level: ESXB has an appropriate level of Loans to Assets ratio (73%).

Low Risk Deposits: ESXB's Loans to Deposits ratio (85%) is appropriate.

Level of Bad Loans: ESXB has an appropriate level of bad loans (0.3%).


Next Steps

Dividend

What is Community Bankers Trust current dividend yield, its reliability and sustainability?

2.91%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: ESXB's dividend (2.91%) is higher than the bottom 25% of dividend payers in the US market (1.31%).

High Dividend: ESXB's dividend (2.91%) is low compared to the top 25% of dividend payers in the US market (3.64%).


Stability and Growth of Payments

Stable Dividend: Whilst dividend payments have been stable, ESXB has been paying a dividend for less than 10 years.

Growing Dividend: ESXB's dividend payments have increased, but the company has only paid a dividend for 2 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (30%), ESXB's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: ESXB's dividends in 3 years are forecast to be well covered by earnings (36.8% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

11.4yrs

Average management tenure


CEO

Rex Smith (62 yo)

10.5yrs

Tenure

US$950,357

Compensation

Mr. Rex L. Smith, III has been the Chief Executive Officer and President at Essex Bank since September 2010. Mr. Smith has been the Chief Executive Officer and President of Community Bankers Trust Corporat...


CEO Compensation Analysis

Compensation vs Market: Rex's total compensation ($USD950.36K) is about average for companies of similar size in the US market ($USD946.79K).

Compensation vs Earnings: Rex's compensation has been consistent with company performance over the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Rex Smith
President10.5yrsUS$950.36k0.57%
$ 1.1m
Bruce Thomas
Executive VP & CFO12.83yrsUS$512.26k0.14%
$ 259.4k
John Oakey
Executive VP12yrsUS$383.32k0.11%
$ 210.4k
Jeffery Cantrell
Executive VP & COO of Essex Bank8.67yrsUS$393.42k0.14%
$ 255.0k
William Saunders
Executive VP & Chief Risk Officer of Essex Bank10.83yrsUS$248.57k0.070%
$ 129.9k
David Spainhour
Special Advisor15.75yrsno datano data

11.4yrs

Average Tenure

57.5yo

Average Age

Experienced Management: ESXB's management team is seasoned and experienced (11.4 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Rex Smith
President10.5yrsUS$950.36k0.57%
$ 1.1m
Eugene Putnam
Independent Director16.17yrsUS$45.46k0.51%
$ 942.8k
Ira Harris
Director0.42yrno data0.013%
$ 24.2k
John Watkins
Independent Chairman of the Board9.83yrsUS$62.05k0.57%
$ 1.1m
Robin Williams
Independent Director12.83yrsUS$50.23k0.39%
$ 720.8k
Gail Letts
Independent Director1.75yrsUS$22.40k0.028%
$ 51.9k
S. Rawls
Independent Director10yrsUS$45.98k0.26%
$ 471.2k
Gerald Barber
Independent Director7yrsUS$47.46k0.16%
$ 288.6k
William Hardy
Independent Director4yrsUS$50.23k0.20%
$ 364.0k
Hugh Fain
Independent Director2.75yrsUS$37.71k0.068%
$ 125.8k
Oliver Way
Independent Director2.75yrsUS$42.48k0.14%
$ 264.1k

7.0yrs

Average Tenure

67yo

Average Age

Experienced Board: ESXB's board of directors are considered experienced (7 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: ESXB insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Community Bankers Trust Corporation's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Community Bankers Trust Corporation
  • Ticker: ESXB
  • Exchange: NasdaqCM
  • Founded: 1926
  • Industry: Regional Banks
  • Sector: Banks
  • Market Cap: US$184.371m
  • Shares outstanding: 22.32m
  • Website: https://www.cbtrustcorp.com

Number of Employees


Location

  • Community Bankers Trust Corporation
  • 9954 Mayland Drive
  • Suite 2100
  • Richmond
  • Virginia
  • 23233
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
ESXBNasdaqCM (Nasdaq Capital Market)YesCommon StockUSUSDSep 2006
44UDB (Deutsche Boerse AG)YesCommon StockDEEURSep 2006

Biography

Community Bankers Trust Corporation operates as the holding company for the Essex Bank that provides financial services primarily to individuals, small businesses, and commercial companies. It offers indiv...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/03/06 23:10
End of Day Share Price2021/03/05 00:00
Earnings2020/12/31
Annual Earnings2020/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.