Is Community Bankers Trust Corp. (ESXB) A Good Stock To Buy?

There weren’t any hedge funds initiating brand new positions in the stock during the third quarter.

Let’s also examine hedge fund activity in other stocks similar to Community Bankers Trust Corp. (NASDAQ:ESXB). We will take a look at Houston Wire & Cable Company (NASDAQ:HWCC), Manning and Napier Inc (NYSE:MN), CUI Global Inc (NASDAQ:CUI), and pSivida Corp. (NASDAQ:PSDV). This group of stocks’ market values are closest to ESXB’s market value.

As you can see these stocks had an average of 9 hedge funds with bullish positions and the average amount invested in these stocks was $23 million, compared to $14 million in ESXB’s case. Manning and Napier Inc (NYSE:MN) is the most popular stock in this table, while CUI Global Inc (NASDAQ:CUI) is the least popular one with only 6 bullish hedge fund positions. Compared to these stocks Community Bankers Trust Corp. (NASDAQ:ESXB) is even less popular than CUI. Considering that hedge funds aren’t fond of this stock in relation to other companies analyzed in this article, it may be a good idea to analyze it in detail and understand why the smart money isn’t behind this stock. This isn’t necessarily bad news. Although it is possible that hedge funds may think the stock is overpriced and view the stock as a short candidate, they may not be very familiar with the bullish thesis. In either case more research is warranted.