BidaskClub upgraded shares of Xenith Bankshares, Inc. (NASDAQ:XBKS) from a strong sell rating to a sell rating in a research report report published on Wednesday morning.

A number of other brokerages also recently issued reports on XBKS. Zacks Investment Research raised shares of Xenith Bankshares from a sell rating to a hold rating in a research report on Friday, June 2nd. Keefe, Bruyette & Woods reaffirmed a buy rating and issued a $28.00 price objective on shares of Xenith Bankshares in a research report on Thursday, April 27th. One 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 company presently has a consensus rating of Hold and a consensus target price of $28.00.

Shares of Xenith Bankshares (XBKS) traded down 2.16% on Wednesday, hitting $28.50. 21,545 shares of the stock traded hands. Xenith Bankshares has a 52-week low of $2.03 and a 52-week high of $33.30. The stock’s 50 day moving average price is $29.81 and its 200 day moving average price is $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, topping analysts’ consensus estimates of $0.27 by $0.04. Xenith Bankshares had a net margin of 50.54% and a return on equity of 14.16%. The firm had revenue of $28.53 million for the quarter, compared to the consensus estimate of $27.86 million. On average, equities analysts expect that Xenith Bankshares will post $0.32 earnings per share for the current year.

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In related news, SVP Linda Majikes sold 2,200 shares of Xenith Bankshares stock in a transaction that occurred on Tuesday, August 1st. The shares were sold at an average price of $28.25, for a total value of $62,150.00. Following the completion of the sale, the senior vice president now directly owns 7,592 shares in the company, valued at approximately $214,474. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 31.70% of the stock is owned by company insiders.

Hedge funds have recently added to or reduced their stakes in the company. Stifel Financial Corp boosted its stake in Xenith Bankshares by 17.0% in the first quarter. Stifel Financial Corp now owns 14,026 shares of the bank’s stock worth $356,000 after buying an additional 2,037 shares during the period. Heritage Wealth Advisors boosted its stake in Xenith Bankshares by 49.2% in the first quarter. Heritage Wealth Advisors now owns 42,288 shares of the bank’s stock worth $1,073,000 after buying an additional 13,937 shares during the period. Schroder Investment Management Group bought a new stake in Xenith Bankshares during the first quarter worth approximately $195,000. Mizuho Securities USA LLC bought a new stake in Xenith Bankshares during the second quarter worth approximately $2,225,000. Finally, First Trust Advisors LP bought a new stake in Xenith Bankshares during the first quarter worth approximately $1,083,000. Institutional investors own 56.42% of the company’s stock.

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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