Teachers Advisors LLC Sells 1,976 Shares of Xenith Bankshares, Inc. (XBKS)
Teachers Advisors LLC reduced its stake in shares of Xenith Bankshares, Inc. (NASDAQ:XBKS) by 20.0% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 7,881 shares of the bank’s stock after selling 1,976 shares during the quarter. Teachers Advisors LLC’s holdings in Xenith Bankshares were worth $245,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently modified their holdings of the stock. SG Americas Securities LLC bought a new stake in shares of Xenith Bankshares during the second quarter valued at about $4,262,000. Dimensional Fund Advisors LP raised its stake in shares of Xenith Bankshares by 82.3% during the first quarter. Dimensional Fund Advisors LP now owns 99,489 shares of the bank’s stock valued at $2,524,000 after purchasing an additional 44,922 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of Xenith Bankshares by 7.2% during the first quarter. Geode Capital Management LLC now owns 73,644 shares of the bank’s stock valued at $1,868,000 after purchasing an additional 4,920 shares in the last quarter. GAM Holding AG bought a new stake in shares of Xenith Bankshares during the second quarter valued at about $2,284,000. Finally, OMERS ADMINISTRATION Corp bought a new stake in shares of Xenith Bankshares during the second quarter valued at about $2,112,000. Institutional investors and hedge funds own 59.59% of the company’s stock.
Shares of Xenith Bankshares, Inc. (NASDAQ XBKS) opened at $33.24 on Tuesday. Xenith Bankshares, Inc. has a one year low of $22.61 and a one year high of $33.42. The company has a current ratio of 1.00, a quick ratio of 0.99 and a debt-to-equity ratio of 0.30. The firm has a market cap of $748.25, a PE ratio of 28.78 and a beta of 0.99.
Xenith Bankshares (NASDAQ:XBKS) last issued its quarterly earnings data on Wednesday, October 25th. The bank reported $0.33 earnings per share for the quarter, beating analysts’ consensus estimates of $0.28 by $0.05. Xenith Bankshares had a net margin of 18.26% and a return on equity of 5.55%. The business had revenue of $29.40 million for the quarter. research analysts predict that Xenith Bankshares, Inc. will post 1.11 EPS for the current year.
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A number of equities research analysts recently weighed in on XBKS shares. BidaskClub cut shares of Xenith Bankshares from a “sell” rating to a “strong sell” rating in a research note on Friday, July 28th. ValuEngine cut shares of Xenith Bankshares from a “strong-buy” rating to a “buy” rating in a research note on Friday, September 1st. One investment analyst has rated the stock with a sell rating, two have given a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $28.00.
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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