Xenith Bankshares Inc (NASDAQ:XBKS) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued on Friday.

According to Zacks, “Xenith Bankshares, Inc. operates as the bank holding company which provides community and commercial banking services primarily to individuals and small to medium-sized businesses. Its services and products consist of deposits, loans, checking, savings and treasury products, automated clearing house transactions, debit cards, 24-hour automated teller machine access, Internet and mobile banking, and bill pay service. Xenith Bankshares, Inc. is headquartered in Richmond, Virginia. “

XBKS has been the topic of a number of other reports. Stephens assumed coverage on shares of Xenith Bankshares in a report on Friday, April 7th. They set an “equal weight” rating on the stock. Keefe, Bruyette & Woods reissued a “buy” rating and set a $28.00 price target on shares of Xenith Bankshares in a report on Thursday, April 27th.

Xenith Bankshares (NASDAQ:XBKS) opened at 31.00 on Friday. The stock’s 50 day moving average is $26.88 and its 200 day moving average is $22.54. Xenith Bankshares has a 52 week low of $16.70 and a 52 week high of $31.14.

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Hedge funds have recently made changes to their positions in the company. American International Group Inc. increased its stake in shares of Xenith Bankshares by 126.3% in the first quarter. American International Group Inc. now owns 4,536 shares of the bank’s stock worth $115,000 after buying an additional 2,532 shares during the period. Schroder Investment Management Group purchased a new stake in shares of Xenith Bankshares during the first quarter worth about $195,000. Trexquant Investment LP purchased a new stake in shares of Xenith Bankshares during the first quarter worth about $244,000. Goldman Sachs Group Inc. increased its stake in shares of Xenith Bankshares by 66.9% in the first quarter. Goldman Sachs Group Inc. now owns 12,663 shares of the bank’s stock worth $321,000 after buying an additional 5,076 shares during the period. Finally, Stifel Financial Corp increased its stake in shares of Xenith Bankshares by 17.0% in the first quarter. Stifel Financial Corp now owns 14,026 shares of the bank’s stock worth $356,000 after buying an additional 2,037 shares during the period.

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.

12 Month Chart for NASDAQ:XBKS

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