Xenith Bankshares (XBKS) Earning Somewhat Positive Media Coverage, Report Shows
News articles about Xenith Bankshares (NASDAQ:XBKS) have trended somewhat positive this week, Accern Sentiment reports. The research firm identifies negative and positive media coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Xenith Bankshares earned a news impact score of 0.14 on Accern’s scale. Accern also gave media stories about the bank an impact score of 44.2736744193841 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
Several equities analysts have recently commented on the stock. Zacks Investment Research raised shares of Xenith Bankshares from a “sell” rating to a “hold” rating in a research report on Thursday, June 29th. BidaskClub cut shares of Xenith Bankshares from a “buy” rating to a “hold” rating in a research report on Wednesday, July 12th. One analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company. Xenith Bankshares presently has a consensus rating of “Hold” and a consensus price target of $28.00.
Xenith Bankshares (NASDAQ XBKS) opened at 28.59 on Thursday. Xenith Bankshares has a 12 month low of $20.72 and a 12 month high of $33.30. The stock’s 50 day moving average is $29.26 and its 200 day moving average is $28.16.
Xenith Bankshares (NASDAQ:XBKS) last released its earnings results on Wednesday, July 26th. The bank reported $0.31 EPS for the quarter, beating the consensus estimate of $0.27 by $0.04. Xenith Bankshares had a net margin of 50.54% and a return on equity of 14.07%. The firm had revenue of $28.53 million for the quarter, compared to analyst estimates of $27.86 million. Analysts predict that Xenith Bankshares will post $0.32 earnings per share for the current fiscal year.
In other news, VP William Callaghan sold 1,540 shares of the firm’s stock in a transaction that occurred on Thursday, August 17th. The shares were sold at an average price of $28.98, for a total value of $44,629.20. Following the sale, the vice president now directly owns 10,506 shares in the company, valued at approximately $304,463.88. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Linda Majikes sold 2,200 shares of the firm’s stock in a transaction that occurred on Tuesday, August 1st. The shares were sold at an average price of $28.25, for a total transaction of $62,150.00. Following the completion of the sale, the senior vice president now owns 7,592 shares in the company, valued at $214,474. The disclosure for this sale can be found here. 31.70% of the stock is owned by company insiders.
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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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