Xenith Bankshares, Inc. (NASDAQ:XBKS) was downgraded by equities research analysts at BidaskClub from a “hold” rating to a “sell” rating in a research report issued on Thursday.

XBKS has been the subject of several other reports. Zacks Investment Research upgraded Xenith Bankshares from a “sell” rating to a “hold” rating in a research note on Thursday, June 29th. Stephens began coverage on Xenith Bankshares in a research note on Friday, April 7th. They set an “equal weight” rating for the company. Finally, Keefe, Bruyette & Woods reiterated a “buy” rating and set a $28.00 price objective on shares of Xenith Bankshares in a research note on Thursday, April 27th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $28.00.

Xenith Bankshares (NASDAQ XBKS) opened at 28.99 on Thursday. The company’s 50-day moving average price is $31.19 and its 200-day moving average price is $27.91. Xenith Bankshares has a 52 week low of $1.88 and a 52 week high of $33.30.

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Hedge funds and other institutional investors have recently modified their holdings of the company. American International Group Inc. boosted its position 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 valued at $115,000 after buying an additional 2,532 shares in the last quarter. Schroder Investment Management Group bought a new position in shares of Xenith Bankshares during the first quarter valued at $195,000. Trexquant Investment LP bought a new position in shares of Xenith Bankshares during the first quarter valued at $244,000. Goldman Sachs Group Inc. boosted its position 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 valued at $321,000 after buying an additional 5,076 shares in the last quarter. Finally, Stifel Financial Corp boosted its position 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 valued at $356,000 after buying an additional 2,037 shares in the last quarter. Institutional investors and hedge funds own 56.75% of the company’s stock.

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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