McCollum Christoferson Group LLC bought a new position in shares of Xenith Bankshares, Inc. (NASDAQ:XBKS) during the 4th quarter, HoldingsChannel reports. The institutional investor bought 15,125 shares of the bank’s stock, valued at approximately $512,000.

Other hedge funds have also recently bought and sold shares of the company. Ameriprise Financial Inc. purchased a new stake in shares of Xenith Bankshares during the 2nd quarter worth about $223,000. Wells Fargo & Company MN boosted its stake in shares of Xenith Bankshares by 1.4% during the 2nd quarter. Wells Fargo & Company MN now owns 7,371 shares of the bank’s stock worth $229,000 after acquiring an additional 102 shares in the last quarter. First Trust Advisors LP purchased a new stake in shares of Xenith Bankshares during the 3rd quarter worth about $298,000. Bluefin Trading LLC purchased a new stake in shares of Xenith Bankshares during the 2nd quarter worth about $304,000. Finally, Parametric Portfolio Associates LLC boosted its stake in shares of Xenith Bankshares by 1.2% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 11,810 shares of the bank’s stock worth $367,000 after acquiring an additional 143 shares in the last quarter. 58.66% of the stock is currently owned by institutional investors and hedge funds.

Several equities research analysts have recently issued reports on XBKS shares. ValuEngine raised shares of Xenith Bankshares from a “buy” rating to a “strong-buy” rating in a research note on Saturday, September 30th. BidaskClub lowered shares of Xenith Bankshares from a “buy” rating to a “hold” rating in a research note on Friday, December 15th.

In related news, EVP Wellington W. Cottrell III sold 4,217 shares of the firm’s stock in a transaction dated Tuesday, November 21st. The shares were sold at an average price of $32.96, for a total value of $138,992.32. Following the transaction, the executive vice president now directly owns 35,546 shares of the company’s stock, valued at approximately $1,171,596.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 31.70% of the company’s stock.

Xenith Bankshares, Inc. (XBKS) traded down $0.46 during mid-day trading on Thursday, hitting $33.83. 99,000 shares of the stock traded hands, compared to its average volume of 46,906. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.99 and a current ratio of 1.00. Xenith Bankshares, Inc. has a twelve month low of $22.61 and a twelve month high of $36.44. The stock has a market cap of $785.39, a price-to-earnings ratio of 37.18 and a beta of 1.01.

Xenith Bankshares (NASDAQ:XBKS) last posted its earnings results on Wednesday, October 25th. The bank reported $0.33 earnings per share (EPS) for the quarter, topping the consensus estimate 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.

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Xenith Bankshares 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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Institutional Ownership by Quarter for Xenith Bankshares (NASDAQ:XBKS)

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