Xenith Bankshares, Inc. (XBKS) Given Consensus Recommendation of “Hold” by Analysts
Shares of Xenith Bankshares, Inc. (NASDAQ:XBKS) have earned an average broker rating score of 2.50 (Hold) from the four analysts that provide coverage for the company, Zacks Investment Research reports. Two investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. Xenith Bankshares’ rating score has declined by 7.3% from three months ago as a result of a number of analysts’ ratings changes.
Brokerages have set a 1 year consensus target price of $28.17 for the company and are expecting that the company will post $0.28 EPS for the current quarter, according to Zacks. Zacks has also given Xenith Bankshares an industry rank of 74 out of 265 based on the ratings given to related companies.
A number of research analysts have recently commented on the company. BidaskClub cut Xenith Bankshares from a “buy” rating to a “hold” rating in a research note on Wednesday, July 12th. Zacks Investment Research upgraded Xenith Bankshares from a “sell” rating to a “hold” rating in a research note on Thursday, June 29th. Finally, Keefe, Bruyette & Woods restated a “buy” rating and issued a $28.00 target price on shares of Xenith Bankshares in a research note on Thursday, April 27th.
COPYRIGHT VIOLATION WARNING: This piece was published by American Banking News and is owned by of American Banking News. If you are viewing this piece on another website, it was illegally copied and reposted in violation of United States and international copyright & trademark laws. The original version of this piece can be accessed at https://www.americanbankingnews.com/2017/08/06/xenith-bankshares-inc-xbks-given-consensus-recommendation-of-hold-by-analysts.html.
Xenith Bankshares (NASDAQ XBKS) traded up 2.46% during midday trading on Friday, hitting $29.14. The stock had a trading volume of 50,076 shares. Xenith Bankshares has a 12 month low of $19.20 and a 12 month high of $33.30. The firm’s 50-day moving average price is $30.42 and its 200 day moving average price is $27.91.
Xenith Bankshares (NASDAQ:XBKS) last released its earnings results on Wednesday, July 26th. The bank reported $0.31 EPS for the quarter, beating the Zacks’ consensus estimate of $0.27 by $0.04. The company had revenue of $28.53 million during the quarter, compared to analysts’ expectations of $27.86 million. Xenith Bankshares had a return on equity of 14.16% and a net margin of 50.54%. On average, analysts expect that Xenith Bankshares will post $0.32 earnings per share for the current fiscal year.
In other Xenith Bankshares news, SVP Linda Majikes sold 2,200 shares of Xenith Bankshares stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $28.25, for a total transaction of $62,150.00. Following the completion of the transaction, the senior vice president now owns 7,592 shares in the company, valued at $214,474. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 31.70% of the stock is currently owned by insiders.
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Marshall Wace North America L.P. bought a new position in shares of Xenith Bankshares during the second quarter worth about $1,338,000. SG Americas Securities LLC bought a new position in shares of Xenith Bankshares during the second quarter worth about $4,262,000. Schwab Charles Investment Management Inc. boosted its position in shares of Xenith Bankshares by 0.6% in the second quarter. Schwab Charles Investment Management Inc. now owns 27,937 shares of the bank’s stock worth $868,000 after buying an additional 171 shares during the last quarter. Kassirer Asset Management Corp bought a new position in shares of Xenith Bankshares during the second quarter worth about $491,000. Finally, Mizuho Securities USA LLC bought a new position in shares of Xenith Bankshares during the second quarter worth about $2,225,000. Institutional investors and hedge funds own 56.99% 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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Xenith Bankshares Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Xenith Bankshares Inc. and related companies with MarketBeat.com's FREE daily email newsletter.