Vanguard Group Inc. decreased its position in shares of Xenith Bankshares, Inc. (NASDAQ:XBKS) by 4.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 391,745 shares of the bank’s stock after selling 18,741 shares during the period. Vanguard Group Inc.’s holdings in Xenith Bankshares were worth $12,168,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of XBKS. American International Group Inc. boosted its position in shares of Xenith Bankshares by 126.3% during the 1st quarter. American International Group Inc. now owns 4,536 shares of the bank’s stock worth $115,000 after acquiring an additional 2,532 shares in the last quarter. Ameriprise Financial Inc. bought a new position in Xenith Bankshares in the 2nd quarter valued at approximately $223,000. Wells Fargo & Company MN lifted its stake in Xenith Bankshares by 1.4% in the 2nd quarter. Wells Fargo & Company MN now owns 7,371 shares of the bank’s stock valued at $229,000 after purchasing an additional 102 shares during the last quarter. Goldman Sachs Group Inc. lifted its stake in Xenith Bankshares by 66.9% in the 1st quarter. Goldman Sachs Group Inc. now owns 12,663 shares of the bank’s stock valued at $321,000 after purchasing an additional 5,076 shares during the last quarter. Finally, TIAA CREF Investment Management LLC lifted its stake in Xenith Bankshares by 19.2% in the 1st quarter. TIAA CREF Investment Management LLC now owns 15,070 shares of the bank’s stock valued at $382,000 after purchasing an additional 2,427 shares during the last quarter. Institutional investors and hedge funds own 59.59% of the company’s stock.

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Xenith Bankshares, Inc. (XBKS) opened at $33.24 on Tuesday. The company has a market cap of $748.25, a P/E ratio of 28.78 and a beta of 0.99. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.00 and a quick ratio of 0.99. Xenith Bankshares, Inc. has a 52 week low of $22.61 and a 52 week high of $33.42.

Xenith Bankshares (NASDAQ:XBKS) last issued its quarterly earnings data on Wednesday, October 25th. The bank reported $0.33 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.28 by $0.05. The business had revenue of $29.40 million during the quarter. Xenith Bankshares had a net margin of 18.26% and a return on equity of 5.55%. equities analysts expect that Xenith Bankshares, Inc. will post 1.11 earnings per share for the current year.

Several brokerages recently commented on XBKS. ValuEngine raised shares of Xenith Bankshares from a “buy” rating to a “strong-buy” rating in a research note on Saturday, September 30th. BidaskClub raised shares of Xenith Bankshares from a “strong sell” rating to a “sell” rating in a research note on Wednesday, August 9th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, one has given a buy rating and one has issued a strong buy rating to the company. Xenith Bankshares currently has an average rating of “Hold” and a consensus target price of $28.00.

Xenith Bankshares 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.

Institutional Ownership by Quarter for Xenith Bankshares (NASDAQ:XBKS)

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