Insider Buying: Xenith Bankshares CEO Purchases 2,500 Shares of Stock (XBKS)
Xenith Bankshares (NASDAQ:XBKS) CEO T. Gaylon Layfield acquired 2,500 shares of the company’s stock in a transaction that occurred on Tuesday, August 19th. The shares were purchased at an average cost of $6.35 per share, with a total value of $15,875.00. Following the completion of the acquisition, the chief executive officer now directly owns 163,500 shares in the company, valued at approximately $1,038,225. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Shares of Xenith Bankshares (NASDAQ:XBKS) traded up 0.94% during mid-day trading on Thursday, hitting $6.46. 6,396 shares of the company’s stock traded hands. Xenith Bankshares has a one year low of $5.50 and a one year high of $6.76. The stock’s 50-day moving average is $6. and its 200-day moving average is $6.15. The company has a market cap of $77.8 million and a price-to-earnings ratio of 70.33.
Xenith Bankshares (NASDAQ:XBKS) last issued its quarterly earnings data on Wednesday, August 6th. The company reported $0.04 EPS for the quarter, missing the Thomson Reuters 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).
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.