Xenith Bankshares (NASDAQ:XBKS) was upgraded by research analysts at BidaskClub from a “hold” rating to a “buy” rating in a research note issued on Wednesday.

Separately, ValuEngine cut Xenith Bankshares from a “strong-buy” rating to a “buy” rating in a report on Friday, September 1st. Two investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $28.00.

Xenith Bankshares (XBKS) traded down $0.64 on Wednesday, hitting $34.10. The company had a trading volume of 69,178 shares, compared to its average volume of 56,536. The firm has a market cap of $791.67, a PE ratio of 30.45 and a beta of 1.01. The company has a current ratio of 1.00, a quick ratio of 0.99 and a debt-to-equity ratio of 0.30. Xenith Bankshares has a 1-year low of $22.61 and a 1-year high of $36.44.

Xenith Bankshares (NASDAQ:XBKS) last released its quarterly earnings results on Wednesday, October 25th. The bank reported $0.33 earnings per share for the quarter, topping analysts’ consensus estimates of $0.28 by $0.05. The business had revenue of $29.40 million for the quarter. Xenith Bankshares had a return on equity of 5.55% and a net margin of 18.26%. equities analysts expect that Xenith Bankshares will post 1.11 earnings per share for the current fiscal year.

In other Xenith Bankshares news, EVP Wellington W. Cottrell III sold 4,217 shares of the stock in a transaction on Tuesday, November 21st. The stock was sold at an average price of $32.96, for a total transaction of $138,992.32. Following the sale, the executive vice president now owns 35,546 shares in the company, valued at approximately $1,171,596.16. The sale was disclosed in a legal filing with the SEC, which is available through this link. 31.70% of the stock is currently owned by corporate insiders.

Large investors have recently made changes to their positions in the business. The Manufacturers Life Insurance Company grew its holdings in Xenith Bankshares by 12.7% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 369,122 shares of the bank’s stock valued at $11,465,000 after buying an additional 41,697 shares during the last quarter. Geode Capital Management LLC grew its holdings in Xenith Bankshares by 7.2% during the 1st quarter. Geode Capital Management LLC now owns 73,644 shares of the bank’s stock valued at $1,868,000 after buying an additional 4,920 shares during the last quarter. Alliancebernstein L.P. grew its holdings in Xenith Bankshares by 163.0% during the 2nd quarter. Alliancebernstein L.P. now owns 41,600 shares of the bank’s stock valued at $1,292,000 after buying an additional 25,783 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in Xenith Bankshares by 82.3% during the 1st quarter. Dimensional Fund Advisors LP now owns 99,489 shares of the bank’s stock valued at $2,524,000 after buying an additional 44,922 shares during the last quarter. Finally, Bluefin Trading LLC acquired a new stake in Xenith Bankshares during the 2nd quarter valued at $304,000. Hedge funds and other institutional investors own 58.66% of the company’s stock.

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About Xenith Bankshares

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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