BidaskClub cut shares of Xenith Bankshares (NASDAQ:XBKS) from a buy rating to a hold rating in a research note issued to investors on Friday.

Separately, ValuEngine raised shares of Xenith Bankshares from a buy rating to a strong-buy rating in a report on Saturday, September 30th. Three investment analysts have rated the stock with a hold rating, one has given a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of Buy and an average target price of $28.00.

Xenith Bankshares (NASDAQ XBKS) opened at $34.72 on Friday. The company has a current ratio of 1.00, a quick ratio of 0.99 and a debt-to-equity ratio of 0.30. Xenith Bankshares has a twelve month low of $22.61 and a twelve month high of $36.44. The company has a market cap of $806.06, a price-to-earnings ratio of 31.00 and a beta of 1.01.

Xenith Bankshares (NASDAQ:XBKS) last released its earnings results 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 company had revenue of $29.40 million for the quarter. Xenith Bankshares had a net margin of 18.26% and a return on equity of 5.55%. research analysts forecast that Xenith Bankshares will post 1.11 earnings per share for the current year.

In other Xenith Bankshares news, EVP Wellington W. Cottrell III sold 4,217 shares of the firm’s stock in a transaction on Tuesday, November 21st. The shares were sold at an average price of $32.96, for a total value of $138,992.32. Following the sale, the executive vice president now owns 35,546 shares of the company’s stock, valued at approximately $1,171,596.16. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 31.70% of the stock is owned by company insiders.

A number of institutional investors have recently made changes to their positions in XBKS. Ameriprise Financial Inc. purchased a new stake in shares of Xenith Bankshares in the 2nd quarter worth about $223,000. Wells Fargo & Company MN lifted its position in shares of Xenith Bankshares by 1.4% in the 2nd quarter. Wells Fargo & Company MN now owns 7,371 shares of the bank’s stock worth $229,000 after purchasing an additional 102 shares during the period. First Trust Advisors LP purchased a new stake in shares of Xenith Bankshares in the 3rd quarter worth about $298,000. Bluefin Trading LLC purchased a new stake in shares of Xenith Bankshares in the 2nd quarter worth about $304,000. Finally, Parametric Portfolio Associates LLC lifted its position in shares of Xenith Bankshares by 1.2% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 11,810 shares of the bank’s stock worth $367,000 after purchasing an additional 143 shares during the period. 58.66% of the stock is currently owned by institutional investors and hedge funds.

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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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