Xenith Bankshares, Inc. (XBKS) Stake Maintained by Advisor Group Inc.
Advisor Group Inc. maintained its position in shares of Xenith Bankshares, Inc. (NASDAQ:XBKS) during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 16,210 shares of the bank’s stock at the end of the second quarter. Advisor Group Inc.’s holdings in Xenith Bankshares were worth $504,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds also recently bought and sold shares of the company. Context BH Capital Management LP purchased a new position in shares of Xenith Bankshares in the 2nd quarter worth about $16,948,000. Ameriprise Financial Inc. purchased a new position in shares of Xenith Bankshares in the 2nd quarter worth about $223,000. Alliancebernstein L.P. raised its position in shares of Xenith Bankshares by 163.0% in the 2nd quarter. Alliancebernstein L.P. now owns 41,600 shares of the bank’s stock worth $1,292,000 after purchasing an additional 25,783 shares during the last quarter. Wells Fargo & Company MN raised its position in shares of Xenith Bankshares by 1.4% in the 2nd quarter. Wells Fargo & Company MN now owns 7,371 shares of the bank’s stock worth $229,000 after purchasing an additional 102 shares during the last quarter. Finally, OMERS ADMINISTRATION Corp purchased a new position in shares of Xenith Bankshares in the 2nd quarter worth about $2,112,000. 59.86% of the stock is owned by hedge funds and other institutional investors.
Shares of Xenith Bankshares, Inc. (XBKS) opened at 32.57 on Friday. Xenith Bankshares, Inc. has a 12-month low of $21.70 and a 12-month high of $33.30. The company has a 50-day moving average price of $29.90 and a 200 day moving average price of $28.86.
Xenith Bankshares (NASDAQ:XBKS) last released its quarterly earnings results on Wednesday, July 26th. The bank reported $0.31 EPS for the quarter, beating analysts’ consensus estimates of $0.27 by $0.04. Xenith Bankshares had a return on equity of 14.07% and a net margin of 50.54%. The company had revenue of $28.53 million during the quarter, compared to analysts’ expectations of $27.86 million. On average, analysts expect that Xenith Bankshares, Inc. will post $0.32 EPS for the current year.
In other Xenith Bankshares news, EVP Ronald E. Davis purchased 3,190 shares of the firm’s stock in a transaction on Friday, August 11th. The stock was bought at an average cost of $28.70 per share, for a total transaction of $91,553.00. Following the completion of the purchase, the executive vice president now owns 19,562 shares in the company, valued at approximately $561,429.40. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP William Callaghan sold 1,540 shares of the stock in a transaction dated Thursday, August 17th. The shares were sold at an average price of $28.98, for a total value of $44,629.20. Following the completion of the sale, the vice president now owns 10,506 shares of the company’s stock, valued at $304,463.88. The disclosure for this sale can be found here. Company insiders own 31.70% of the company’s stock.
Several equities analysts have recently issued reports on XBKS shares. BidaskClub lowered Xenith Bankshares from a “hold” rating to a “sell” rating in a research report on Thursday, July 20th. ValuEngine raised Xenith Bankshares from a “buy” rating to a “strong-buy” rating in a research report on Saturday, September 30th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $28.00.
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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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