California Public Employees Retirement System held its stake in shares of Xenith Bankshares, Inc. (NASDAQ:XBKS) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 44,130 shares of the bank’s stock at the end of the first quarter. California Public Employees Retirement System’s holdings in Xenith Bankshares were worth $1,120,000 as of its most recent SEC filing.
Other large investors also recently modified their holdings of the company. American International Group Inc. raised its stake in shares of Xenith Bankshares by 126.3% in the first quarter. American International Group Inc. now owns 4,536 shares of the bank’s stock valued at $115,000 after buying an additional 2,532 shares in the last quarter. Schroder Investment Management Group bought a new stake in shares of Xenith Bankshares during the first quarter valued at $195,000. Trexquant Investment LP bought a new stake in shares of Xenith Bankshares during the first quarter valued at $244,000. Stifel Financial Corp raised its stake in shares of Xenith Bankshares by 17.0% in the first quarter. Stifel Financial Corp now owns 14,026 shares of the bank’s stock valued at $356,000 after buying an additional 2,037 shares in the last quarter. Finally, TIAA CREF Investment Management LLC raised its stake in shares of Xenith Bankshares by 19.2% in the first quarter. TIAA CREF Investment Management LLC now owns 15,070 shares of the bank’s stock valued at $382,000 after buying an additional 2,427 shares in the last quarter. 56.42% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Xenith Bankshares, Inc. (NASDAQ:XBKS) traded down 0.27% on Friday, hitting $29.05. The stock had a trading volume of 1,696 shares. The firm has a 50 day moving average price of $29.87 and a 200-day moving average price of $28.00. Xenith Bankshares, Inc. has a 52 week low of $2.03 and a 52 week high of $33.30.
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, beating the Thomson Reuters’ consensus estimate of $0.27 by $0.04. Xenith Bankshares had a return on equity of 14.16% and a net margin of 50.54%. The firm had revenue of $28.53 million during the quarter, compared to the consensus estimate of $27.86 million. Analysts anticipate that Xenith Bankshares, Inc. will post $0.32 earnings per share for the current year.
Several equities research analysts have weighed in on the company. Zacks Investment Research raised Xenith Bankshares from a “sell” rating to a “hold” rating in a research report on Thursday, June 29th. BidaskClub raised Xenith Bankshares from a “strong sell” rating to a “sell” rating in a report on Wednesday. Finally, Keefe, Bruyette & Woods reissued a “buy” rating and set a $28.00 price target on shares of Xenith Bankshares in a report on Thursday, April 27th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company. Xenith Bankshares presently has an average rating of “Hold” and a consensus price target of $28.00.
In other news, SVP Linda Majikes sold 2,200 shares of the business’s stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $28.25, for a total transaction of $62,150.00. Following the completion of the sale, the senior vice president now owns 7,592 shares in the company, valued at $214,474. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 31.70% 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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