Notable Runner: Xenith Bankshares Inc’s Trend Down, Especially After Today’s Weak Session

Notable Runner: Xenith Bankshares Inc's Trend Down, Especially After Today's Weak Session

The stock of Xenith Bankshares Inc (NASDAQ:XBKS) is a huge mover today! The stock decreased 3.03% or $0.07 during the last trading session, hitting $2.24. About 55,339 shares traded hands. Xenith Bankshares Inc (NASDAQ:XBKS) has risen 30.23% since March 1, 2016 and is uptrending. It has outperformed by 18.02% the S&P500.
The move comes after 9 months negative chart setup for the $547.75M company. It was reported on Oct, 4 by We have $2.04 PT which if reached, will make NASDAQ:XBKS worth $49.30M less.

Analysts await Xenith Bankshares Inc (NASDAQ:XBKS) to report earnings on November, 3.

According to Zacks Investment Research, “Xenith Bankshares, Inc. operates as the bank holding company which provides community and commercial banking services primarily to individuals and small to medium-sized businesses. Its services and products consist of deposits, loans, checking, savings and treasury products, automated clearing house transactions, debit cards, 24-hour automated teller machine access, Internet and mobile banking, and bill pay service. Xenith Bankshares, Inc. is headquartered in Richmond, Virginia.”

Insitutional Activity: The institutional sentiment increased to 2.33 in 2016 Q2. Its up 0.76, from 1.57 in 2016Q1. The ratio is positive, as 4 funds sold all Xenith Bankshares Inc shares owned while 2 reduced positions. 6 funds bought stakes while 8 increased positions. They now own 3.49 million shares or 7.66% less from 3.78 million shares in 2016Q1.
Hancock Hldgs last reported 13,887 shares in the company. Morgan Stanley holds 1,058 shares or 0% of its portfolio. Moreover, Northern Tru Corporation has 0% invested in Xenith Bankshares Inc (NASDAQ:XBKS) for 12,938 shares. Moreover, Blackrock Inv Management Limited has 0% invested in Xenith Bankshares Inc (NASDAQ:XBKS) for 1,574 shares. Deutsche State Bank Ag holds 18,200 shares or 0% of its portfolio. Renaissance Llc reported 18,200 shares or 0% of all its holdings. The New York-based Teton Advsr has invested 0.03% in Xenith Bankshares Inc (NASDAQ:XBKS). Jcsd Cap Ltd Limited Liability Company owns 131,253 shares or 1.15% of their US portfolio. Blackrock Institutional Tru Na has 0% invested in the company for 7,092 shares. Silvercrest Asset Management Gp Ltd Com has invested 0% of its portfolio in Xenith Bankshares Inc (NASDAQ:XBKS). Brown Advisory last reported 87,000 shares in the company. Blackrock Fund Advsr accumulated 20,530 shares or 0% of the stock. Manufacturers Life Insur The holds 0.01% or 446,409 shares in its portfolio. Vanguard Gp reported 439,304 shares or 0% of all its holdings. Banc Funds Company Ltd Liability Company accumulated 680,926 shares or 0.32% of the stock.

More recent Xenith Bankshares Inc (NASDAQ:XBKS) news were published by: which released: “Hampton Roads Bankshares, Inc. and Xenith Bankshares, Inc. Announce Completion …” on July 29, 2016. Also published the news titled: “Xenith Bankshares, Inc. Announces Plans to Cease Operations of its Mortgage …” on September 16, 2016.‘s news article titled: “Xenith Bankshares, Inc. Announces Completion of Colonial Virginia Bank Acquisition” with publication date: July 01, 2014 was also an interesting one.

XBKS Company Profile

Xenith Bankshares, Inc., formerly Hampton Roads Bankshares, Inc., incorporated on March 18, 2011, is the bank holding firm for Xenith Bank (the Bank). The Bank is a commercial bank targeting the banking needs of middle market and small businesses, local real estate developers and investors, private banking clients, and select retail banking clients. As of March 31, 2016, the Company, through the Bank, operates eight branches, with one branch located in Herndon, Virginia, two branches located in Richmond, Virginia, three branches located in Suffolk, Virginia, and two branches in Gloucester, Virginia. It also operates a loan production office in Newport News, Virginia. The Company’s services and products consist primarily of taking deposits from, and making loans to, its target clients within its target markets. The Bank offers a range of checking, savings and treasury products, including remote deposit capture, automated clearing house transactions, debit cards, 24-hour automated teller machine (ATM) access, Internet and mobile banking, and bill pay service.

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