Xenith Bankshares, Inc. (NASDAQ:XBKS) EVP Ronald E. Davis acquired 3,190 shares of the business’s stock in a transaction dated Friday, August 11th. The shares were acquired at an average price of $28.70 per share, for a total transaction of $91,553.00. Following the acquisition, the executive vice president now directly owns 19,562 shares in the company, valued at $561,429.40. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink.

Xenith Bankshares, Inc. (NASDAQ:XBKS) traded down 0.31% during trading on Friday, hitting $28.62. The stock had a trading volume of 6,197 shares. Xenith Bankshares, Inc. has a one year low of $20.30 and a one year high of $33.30. The stock has a 50 day moving average of $29.65 and a 200 day moving average of $28.07.

Xenith Bankshares (NASDAQ:XBKS) last released its earnings results on Wednesday, July 26th. The bank reported $0.31 EPS for the quarter, topping the consensus estimate of $0.27 by $0.04. Xenith Bankshares had a return on equity of 14.07% and a net margin of 50.54%. The business had revenue of $28.53 million during the quarter, compared to analysts’ expectations of $27.86 million. On average, equities research analysts expect that Xenith Bankshares, Inc. will post $0.32 EPS for the current year.

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A number of large investors have recently added to or reduced their stakes in XBKS. American International Group Inc. boosted its stake in Xenith Bankshares by 126.3% in the first quarter. American International Group Inc. now owns 4,536 shares of the bank’s stock valued at $115,000 after buying an additional 2,532 shares in the last quarter. Schroder Investment Management Group acquired a new stake in Xenith Bankshares during the first quarter valued at approximately $195,000. Ameriprise Financial Inc. acquired a new stake in Xenith Bankshares during the second quarter valued at approximately $223,000. Wells Fargo & Company MN boosted its stake in Xenith Bankshares by 1.4% in the second quarter. Wells Fargo & Company MN now owns 7,371 shares of the bank’s stock valued at $229,000 after buying an additional 102 shares in the last quarter. Finally, Trexquant Investment LP acquired a new stake in Xenith Bankshares during the first quarter valued at approximately $244,000. 57.43% of the stock is owned by institutional investors and hedge funds.

Several research firms have recently weighed in on XBKS. Zacks Investment Research upgraded Xenith Bankshares from a “sell” rating to a “hold” rating in a report on Thursday, June 29th. BidaskClub upgraded Xenith Bankshares from a “strong sell” rating to a “sell” rating in a report on Wednesday, August 9th. Finally, Keefe, Bruyette & Woods reiterated a “buy” rating and set a $28.00 price objective on shares of Xenith Bankshares in a report on Thursday, April 27th. One research analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $28.00.

Xenith Bankshares Company Profile

Xenith Bankshares, Inc, formerly Hampton Roads Bankshares, Inc, is a bank holding company for Xenith Bank. Xenith Bank is a commercial bank specifically targeting the banking needs of middle market and small businesses, local real estate developers and investors, and retail banking clients. Xenith Bank’s regional area of operations spans from Baltimore, Maryland, to Raleigh and eastern North Carolina, complementing its presence in greater Washington, DC, greater Richmond, Virginia, and greater Hampton Roads, Virginia.

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