Glazer Capital LLC acquired a new stake in Community Bankers Trust Co. (NASDAQ:ESXB) during the 2nd quarter, Holdings Channel reports. The institutional investor acquired 602,538 shares of the financial services provider’s stock, valued at approximately $6,833,000.
A number of other institutional investors and hedge funds have also recently made changes to their positions in ESXB. BNP Paribas Arbitrage SA increased its stake in Community Bankers Trust by 87.3% in the 1st quarter. BNP Paribas Arbitrage SA now owns 9,558 shares of the financial services provider’s stock valued at $84,000 after buying an additional 4,454 shares during the period. BlackRock Inc. grew its stake in shares of Community Bankers Trust by 10.7% during the 1st quarter. BlackRock Inc. now owns 1,392,925 shares of the financial services provider’s stock worth $12,287,000 after purchasing an additional 134,666 shares during the period. Acadian Asset Management LLC grew its stake in shares of Community Bankers Trust by 273.4% during the 1st quarter. Acadian Asset Management LLC now owns 86,688 shares of the financial services provider’s stock worth $765,000 after purchasing an additional 63,473 shares during the period. UBS Group AG boosted its position in shares of Community Bankers Trust by 75.4% in the 1st quarter. UBS Group AG now owns 6,531 shares of the financial services provider’s stock worth $58,000 after buying an additional 2,807 shares in the last quarter. Finally, Panagora Asset Management Inc. purchased a new stake in shares of Community Bankers Trust in the 1st quarter worth about $262,000.
In other Community Bankers Trust news, CFO Bruce E. Thomas sold 14,774 shares of the company’s stock in a transaction dated Friday, August 27th. The shares were sold at an average price of $11.19, for a total value of $165,321.06. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Over the last 90 days, insiders acquired 1,070 shares of company stock worth $12,136.
Community Bankers Trust (NASDAQ:ESXB) last released its earnings results on Thursday, July 29th. The financial services provider reported $0.24 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.23 by $0.01. The firm had revenue of $15.96 million during the quarter, compared to analysts’ expectations of $15.40 million.
The company also recently announced a quarterly dividend, which was paid on Wednesday, September 1st. Shareholders of record on Wednesday, August 18th were issued a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a yield of 2.48%. This is a positive change from Community Bankers Trust’s previous quarterly dividend of $0.06. The ex-dividend date was Tuesday, August 17th. Community Bankers Trust’s dividend payout ratio is 18.75%.
About Community Bankers Trust
Community Bankers Trust Corp. is the holding company of Essex Bank, which engages in the provision of commercial banking and financial services. Its services include individual and commercial demand and time deposit accounts commercial and industrial loans, consumer and small business loans, real estate and mortgage loans, investment services, on-line and mobile banking products, and cash management services.
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