NasdaqCM:ESXB

Stock Analysis Report

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 and small businesses.

Snowflake

Fundamentals

Excellent balance sheet with acceptable track record.


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


Market Performance


7 Day Return

4.2%

ESXB

2.9%

US Banks

0.07%

US Market


1 Year Return

2.9%

ESXB

8.6%

US Banks

8.9%

US Market

Return vs Industry: ESXB underperformed the US Banks industry which returned 8.6% over the past year.

Return vs Market: ESXB underperformed the US Market which returned 8.9% over the past year.


Shareholder returns

ESXBIndustryMarket
7 Day4.2%2.9%0.07%
30 Day-2.2%3.4%-0.3%
90 Day8.8%2.1%-1.6%
1 Year4.0%2.9%11.8%8.6%11.3%8.9%
3 Year58.3%56.5%54.8%44.1%46.3%36.8%
5 Year96.5%94.3%70.2%51.6%62.1%44.3%

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?

13.16x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: ESXB ($8.53) is trading above our estimate of fair value ($7.43)

Significantly Below Fair Value: ESXB is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: ESXB is poor value based on its PE Ratio (13.2x) compared to the Banks industry average (12.6x).

PE vs Market: ESXB is good value based on its PE Ratio (13.2x) compared to the US market (17.8x).


Price to Earnings Growth Ratio

PEG Ratio: ESXB is poor value based on its PEG Ratio (5x)


Price to Book Ratio

PB vs Industry: ESXB is overvalued based on its PB Ratio (1.3x) compared to the US Banks industry average (1.2x).


Next Steps

Future Growth

How is Community Bankers Trust forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?

2.6%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: ESXB's forecast earnings growth (2.6% per year) is below the savings rate (2.7%).

Earnings vs Market: ESXB's earnings (2.6% per year) are forecast to grow slower than the US market (14.5% per year).

High Growth Earnings: ESXB's earnings are forecast to grow, but not significantly.

Revenue vs Market: ESXB's revenue (3.9% per year) is forecast to grow slower than the US market (7.2% per year).

High Growth Revenue: ESXB's revenue (3.9% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if ESXB's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

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

25.7%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: ESXB's earnings have grown significantly by 25.7% per year over the past 5 years.

Accelerating Growth: ESXB's earnings growth over the past year (76.1%) exceeds its 5-year average (25.7% per year).

Earnings vs Industry: ESXB earnings growth over the past year (76.1%) exceeded the Banks industry 29.7%.


Return on Equity

High ROE: ESXB's Return on Equity (9.7%) is considered low.


Return on Assets

ROA vs Industry: ESXB's Return on Assets is below or equal to the Banks industry average last year.


Return on Capital Employed

ROCE Improving: Insufficient data to calculate ESXB's Return on Capital Employed to determine if it has improved over the past 3 years.


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

Inventory Level: ESXB has a low level of unsold assets or inventory.

Debt Coverage by Assets: ESXB's debt is not covered by short term assets (assets are 0.7x debt).


Financial Institutions Analysis

Asset Level: ESXB's level of assets compared to its equity is low.

Allowance for Bad Loans: ESXB has a low allowance for bad loans.

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

Loan Level: ESXB has an acceptable proportion of non-loan assets held.

Low Risk Deposits: ESXB's loans are broadly funded by customer deposits.

Level of Bad Loans: ESXB has an appropriate level of bad loans (1.04%)


Next Steps

Dividend

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

1.41%

Current Dividend Yield


Dividend Yield vs Market

company1.4%marketbottom25%1.4%markettop25%3.7%industryaverage2.9%forecastin3Years1.3%

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: ESXB's dividend (1.41%) isn’t notable compared to the bottom 25% of dividend payers in the US market (1.45%).

High Dividend: ESXB's dividend (1.41%) is low compared to the top 25% of dividend payers in the US market (3.68%).

Stable Dividend: ESXB's dividend payments have been volatile in the past 10 years.

Growing Dividend: ESXB's dividend payments have fallen over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (9.3%), ESXB's dividend payments are thoroughly covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

  • Explore strong dividend paying companies in the Banks industry.

Management

What is the CEO of Community Bankers Trust's salary, the management and board of directors tenure and is there insider trading?

11.0yrs

Average management tenure


CEO

Rex Smith (61yo)

9.1yrs

Tenure

US$942,674

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 ($USD942.67K) is about average for companies of similar size in the US market ($USD1.22M).

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


Management Age and Tenure

11.0yrs

Average Tenure

58yo

Average Age

Experienced Management: ESXB's management team is seasoned and experienced (11 years average tenure).


Board Age and Tenure

8.4yrs

Average Tenure

66.5yo

Average Age

Experienced Board: ESXB's board of directors are considered experienced (8.4 years average tenure).


Insider Trading

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


Recent Insider Transactions

BuyUS$89403 Oct 19
Bruce Thomas
EntityIndividual
Role
Chief Financial Officer
Executive VP & CFO
Shares102
Max PriceUS$8.76
BuyUS$65103 Oct 19
William Hardy
EntityIndividual
Role
Member of the Board of Directors
Director
Shares75.02
Max PriceUS$8.76
BuyUS$87303 Oct 19
Gerald Barber
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares100.89
Max PriceUS$8.73
BuyUS$7603 Oct 19
William Hardy
EntityIndividual
Role
Member of the Board of Directors
Director
Shares8.82
Max PriceUS$8.57
BuyUS$3003 Oct 19
Robin Williams
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares3.45
Max PriceUS$8.70
BuyUS$3,34803 Oct 19
John Watkins
EntityIndividual
Role
Chairman of the Board
Chairman of the Board
Shares385.64
Max PriceUS$8.68
BuyUS$37105 Sep 19
Robin Williams
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares47
Max PriceUS$7.90
BuyUS$7,65009 Aug 19
Eugene Putnam
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares1,000
Max PriceUS$7.65
BuyUS$2,29507 Aug 19
William Hardy
EntityIndividual
Role
Member of the Board of Directors
Director
Shares300
Max PriceUS$7.65
BuyUS$3,15805 Aug 19
Robin Williams
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares400
Max PriceUS$7.90
SellUS$33,85901 Aug 19
Jeffery Cantrell
EntityIndividual
Shares4,275
Max PriceUS$7.95
BuyUS$4908 Jul 19
Bruce Thomas
EntityIndividual
Role
Chief Financial Officer
Executive VP & CFO
Shares6.5
Max PriceUS$7.46
BuyUS$89008 Jul 19
Bruce Thomas
EntityIndividual
Role
Chief Financial Officer
Executive VP & CFO
Shares107.01
Max PriceUS$8.32
BuyUS$61908 Jul 19
William Hardy
EntityIndividual
Role
Member of the Board of Directors
Director
Shares79.52
Max PriceUS$7.79
BuyUS$3,30008 Jul 19
John Watkins
EntityIndividual
Role
Chairman of the Board
Chairman of the Board
Shares423.74
Max PriceUS$7.79
BuyUS$2808 Jul 19
Robin Williams
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares3.65
Max PriceUS$7.80
BuyUS$7608 Jul 19
William Hardy
EntityIndividual
Role
Member of the Board of Directors
Director
Shares9.19
Max PriceUS$8.32
BuyUS$39208 Jul 19
Gerald Barber
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares47.34
Max PriceUS$8.29
BuyUS$39104 Apr 19
Gerald Barber
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares53.89
Max PriceUS$7.25
BuyUS$65304 Apr 19
William Hardy
EntityIndividual
Role
Member of the Board of Directors
Director
Shares89.65
Max PriceUS$7.29
BuyUS$83804 Apr 19
Bruce Thomas
EntityIndividual
Role
Chief Financial Officer
Executive VP & CFO
Shares112.37
Max PriceUS$7.46
BuyUS$2804 Apr 19
Robin Williams
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares3.89
Max PriceUS$7.28
BuyUS$3,25304 Apr 19
John Watkins
EntityIndividual
Role
Chairman of the Board
Chairman of the Board
Shares446.24
Max PriceUS$7.29
BuyUS$2,64304 Feb 19
Robin Williams
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares350
Max PriceUS$7.55
BuyUS$7,49431 Jan 19
Oliver Way
EntityIndividual
Role
Member of the Board of Directors
Director
Shares1,000
Max PriceUS$7.50
BuyUS$14,42331 Jan 19
William Hardy
EntityIndividual
Role
Member of the Board of Directors
Director
Shares1,900
Max PriceUS$7.77
BuyUS$30,06004 Dec 18
Hugh Fain
EntityIndividual
Role
Member of the Board of Directors
Director
Shares3,600
Max PriceUS$8.35
BuyUS$1,23804 Dec 18
Gerald Barber
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares150
Max PriceUS$8.25
BuyUS$10,15219 Nov 18
Oliver Way
EntityIndividual
Role
Member of the Board of Directors
Director
Shares1,200
Max PriceUS$8.46
BuyUS$2,73413 Nov 18
William Hardy
EntityIndividual
Role
Member of the Board of Directors
Director
Shares350
Max PriceUS$7.81

Ownership Breakdown


Management Team

  • David Spainhour (87yo)

    Special Advisor

    • Tenure: 14.3yrs
  • Bruce Thomas (55yo)

    Executive VP & CFO

    • Tenure: 11.4yrs
    • Compensation: US$384.41k
  • Rex Smith (61yo)

    President

    • Tenure: 9.1yrs
    • Compensation: US$942.67k
  • Jay Oakey (51yo)

    Executive VP

    • Tenure: 10.6yrs
    • Compensation: US$374.74k

Board Members

  • Richard Bozard (72yo)

    Independent Director

    • Tenure: 11.4yrs
    • Compensation: US$38.96k
  • Eugene Putnam (59yo)

    Independent Director

    • Tenure: 14.8yrs
    • Compensation: US$39.16k
  • John Watkins (72yo)

    Chairman of the Board

    • Tenure: 8.4yrs
    • Compensation: US$52.89k
  • Robin Williams (68yo)

    Independent Director

    • Tenure: 11.4yrs
    • Compensation: US$45.33k
  • Rex Smith (61yo)

    President

    • Tenure: 9.1yrs
    • Compensation: US$942.67k
  • S. Rawls (70yo)

    Independent Director

    • Tenure: 8.6yrs
    • Compensation: US$40.56k
  • Jerry Barber (67yo)

    Independent Director

    • Tenure: 5.6yrs
    • Compensation: US$40.56k
  • Bill Hardy (63yo)

    Director

    • Tenure: 2.6yrs
    • Compensation: US$41.98k
  • Hugh Fain (61yo)

    Director

    • Tenure: 1.3yrs
    • Compensation: US$18.77k
  • Oliver Way (66yo)

    Director

    • Tenure: 1.3yrs
    • Compensation: US$20.52k

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$189.865m
  • Shares outstanding: 22.26m
  • 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

Biography

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 de ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/23 00:02
End of Day Share Price2019/10/22 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.