Insider Buying: Wellington W. Cottrell III Buys 2,000 Shares of Xenith Bankshares Stock (XBKS)
Xenith Bankshares (NASDAQ:XBKS) EVP Wellington W. Cottrell III purchased 2,000 shares of the stock on the open market in a transaction dated Wednesday, August 20th. The shares were purchased at an average cost of $6.55 per share, for a total transaction of $13,100.00. Following the completion of the transaction, the executive vice president now directly owns 43,385 shares in the company, valued at approximately $284,172. The transaction was disclosed in a filing with the SEC, which is available at this link.
Shares of Xenith Bankshares (NASDAQ:XBKS) traded up 0.78% on Thursday, hitting $6.45. The stock had a trading volume of 4,346 shares. Xenith Bankshares has a 52 week low of $5.50 and a 52 week high of $6.76. The stock has a 50-day moving average of $6. and a 200-day moving average of $6.15. The company has a market cap of $77.7 million and a P/E ratio of 70.33.
Xenith Bankshares (NASDAQ:XBKS) last released its earnings results on Wednesday, August 6th. The company reported $0.04 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.05 by $0.01. On average, analysts predict that Xenith Bankshares will post $0.15 earnings per share for the current fiscal year.
Xenith Bankshares, Inc (NASDAQ:XBKS), formerly First Bankshares, Inc, is a bank holding company of Xenith Bank (the Bank).
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