Wells Fargo & Company MN raised its position in shares of Xenith Bankshares, Inc. (NASDAQ:XBKS) by 1.4% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,371 shares of the bank’s stock after purchasing an additional 102 shares during the period. Wells Fargo & Company MN’s holdings in Xenith Bankshares were worth $229,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of XBKS. SG Americas Securities LLC purchased a new stake in shares of Xenith Bankshares during the 2nd quarter worth about $4,262,000. GAM Holding AG purchased a new stake in shares of Xenith Bankshares during the 2nd quarter worth about $2,284,000. OMERS ADMINISTRATION Corp purchased a new stake in shares of Xenith Bankshares during the 2nd quarter worth about $2,112,000. Dimensional Fund Advisors LP raised its stake in shares of Xenith Bankshares by 82.3% during the 1st quarter. Dimensional Fund Advisors LP now owns 99,489 shares of the bank’s stock worth $2,524,000 after purchasing an additional 44,922 shares in the last quarter. Finally, Marshall Wace North America L.P. purchased a new stake in shares of Xenith Bankshares during the 2nd quarter worth about $1,338,000. 59.59% of the stock is owned by institutional investors.

Shares of Xenith Bankshares, Inc. (NASDAQ:XBKS) opened at $33.24 on Tuesday. Xenith Bankshares, Inc. has a one year low of $22.61 and a one year high of $33.42. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.99 and a current ratio of 1.00. The firm has a market capitalization of $748.25, a PE ratio of 28.78 and a beta of 0.99.

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

XBKS has been the subject of a number of recent research reports. ValuEngine raised Xenith Bankshares from a “buy” rating to a “strong-buy” rating in a research note on Saturday, September 30th. BidaskClub raised 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 assigned a hold rating, one has given a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of “Hold” and an average price target of $28.00.

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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.

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

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