Hampton Roads Bankshares Inc. (XBKS) Given “Hold” Rating at Keefe, Bruyette & Woods
Keefe, Bruyette & Woods restated their hold rating on shares of Hampton Roads Bankshares Inc. (NASDAQ:XBKS) in a research report released on Thursday morning. The brokerage currently has a $2.30 target price on the stock.
Shares of Hampton Roads Bankshares (NASDAQ:XBKS) traded up 0.92% during mid-day trading on Thursday, reaching $2.20. 94,517 shares of the company’s stock traded hands. Hampton Roads Bankshares has a 12 month low of $1.55 and a 12 month high of $2.66. The stock has a market cap of $507.69 million, a PE ratio of 4.07 and a beta of 1.64. The firm has a 50 day moving average price of $2.19 and a 200-day moving average price of $1.90.
Hampton Roads Bankshares (NASDAQ:XBKS) last issued its earnings results on Wednesday, July 27th. The company reported $0.07 EPS for the quarter, missing the consensus estimate of $0.09 by $0.02. Hampton Roads Bankshares had a net margin of 88.53% and a return on equity of 34.40%. On average, analysts predict that Hampton Roads Bankshares will post $0.32 earnings per share for the current fiscal year.
In related news, SVP Linda Majikes sold 18,013 shares of Hampton Roads Bankshares stock in a transaction that occurred on Wednesday, August 31st. The shares were sold at an average price of $2.17, for a total transaction of $39,088.21. Following the sale, the senior vice president now directly owns 114,692 shares of the company’s stock, valued at approximately $248,881.64. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 36.40% of the company’s stock.
An institutional investor recently raised its position in Hampton Roads Bankshares stock. Geode Capital Management LLC increased its stake in shares of Hampton Roads Bankshares Inc. (NASDAQ:XBKS) by 3.8% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 18,211 shares of the company’s stock after buying an additional 670 shares during the period. Geode Capital Management LLC owned about 0.14% of Hampton Roads Bankshares worth $137,000 as of its most recent filing with the SEC. Hedge funds and other institutional investors own 47.53% of the company’s stock.
Hampton Roads Bankshares Company Profile
Xenith Bankshares, Inc is a bank holding company for Xenith Bank. Xenith Bank is a commercial bank focusing on banking needs of middle market and small businesses, local real estate developers and investors, private banking clients and select retail banking clients. Its services and products consist of taking deposits from, and making loans to, its target customers within its target markets.
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