Insider Buying: T. Gaylon Layfield Acquires 2,500 Shares of Xenith Bankshares Stock (XBKS)
Xenith Bankshares (NASDAQ:XBKS) CEO T. Gaylon Layfield purchased 2,500 shares of the stock on the open market in a transaction that occurred on Tuesday, August 19th. The stock was purchased at an average price of $6.35 per share, with a total value of $15,875.00. Following the completion of the transaction, the chief executive officer now directly owns 163,500 shares of the company’s stock, valued at approximately $1,038,225. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this link.
Shares of Xenith Bankshares (NASDAQ:XBKS) opened at 6.45 on Monday. 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 $6.50 and its 200-day moving average is $6.15. The company has a market cap of $77.7 million and a price-to-earnings ratio of 70.99.
Xenith Bankshares (NASDAQ:XBKS) last posted its quarterly 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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