Somewhat Positive Press Coverage Somewhat Unlikely to Impact Xenith Bankshares (XBKS) Share Price
News stories about Xenith Bankshares (NASDAQ:XBKS) have been trending somewhat positive on Sunday, according to Accern Sentiment Analysis. The research group identifies positive and negative media coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Xenith Bankshares earned a daily sentiment score of 0.20 on Accern’s scale. Accern also gave news stories about the bank an impact score of 45.5535968536279 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
A number of brokerages have weighed in on XBKS. BidaskClub upgraded Xenith Bankshares from a “strong sell” rating to a “sell” rating in a report on Wednesday. Zacks Investment Research upgraded Xenith Bankshares from a “sell” rating to a “hold” rating in a report on Thursday, June 29th. Finally, Keefe, Bruyette & Woods restated a “buy” rating and issued a $28.00 price objective on shares of Xenith Bankshares in a report on Thursday, April 27th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $28.00.
Shares of Xenith Bankshares (XBKS) traded down 2.16% during mid-day trading on Friday, hitting $28.50. The company’s stock had a trading volume of 21,545 shares. Xenith Bankshares has a 12-month low of $20.30 and a 12-month high of $33.30. The stock has a 50-day moving average of $29.81 and a 200-day moving average of $28.02.
Xenith Bankshares (NASDAQ:XBKS) last issued its quarterly earnings data on Wednesday, July 26th. The bank reported $0.31 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.27 by $0.04. Xenith Bankshares had a return on equity of 14.16% and a net margin of 50.54%. The business had revenue of $28.53 million for the quarter, compared to the consensus estimate of $27.86 million. On average, analysts predict that Xenith Bankshares will post $0.32 earnings per share for the current fiscal year.
In other news, SVP Linda Majikes sold 2,200 shares of the company’s stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $28.25, for a total value of $62,150.00. Following the sale, the senior vice president now directly 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 hyperlink. 31.70% of the stock is owned by corporate insiders.
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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