Xenith Bankshares, Inc. (NASDAQ:XBKS) was downgraded by research analysts at BidaskClub from a “buy” rating to a “hold” rating in a research note issued to investors on Wednesday.
XBKS has been the topic of several other reports. Keefe, Bruyette & Woods raised shares of Xenith Bankshares from a “market perform” rating to an “outperform” rating and set a $28.00 price objective on the stock in a research note on Thursday, March 23rd. Zacks Investment Research upgraded shares of Xenith Bankshares from a “sell” rating to a “hold” rating in a research report on Friday, June 2nd. Finally, Stephens began coverage on shares of Xenith Bankshares in a research report on Friday, April 7th. They set an “equal weight” rating on the stock. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Xenith Bankshares currently has a consensus rating of “Hold” and an average price target of $28.00.
Xenith Bankshares (XBKS) opened at 30.92 on Wednesday. Xenith Bankshares has a 12-month low of $17.86 and a 12-month high of $33.30. The firm’s 50-day moving average is $30.32 and its 200 day moving average is $27.55.
Several large investors have recently modified their holdings of XBKS. American International Group Inc. raised 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 valued at $115,000 after buying an additional 2,532 shares during the last quarter. Schroder Investment Management Group bought a new stake in shares of Xenith Bankshares during the first quarter valued at approximately $195,000. Trexquant Investment LP bought a new stake in shares of Xenith Bankshares during the first quarter valued at approximately $244,000. Goldman Sachs Group Inc. raised 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 valued at $321,000 after buying an additional 5,076 shares during the last quarter. Finally, Stifel Financial Corp raised 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 valued at $356,000 after buying an additional 2,037 shares during the last quarter. Institutional investors 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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