Xenith Bankshares, Inc. (XBKS) Posts Quarterly Earnings Results, Beats Estimates By $0.05 EPS

Xenith Bankshares, Inc. (NASDAQ:XBKS) released its earnings results on Wednesday. The bank reported $0.33 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.28 by $0.05, Bloomberg Earnings reports. Xenith Bankshares had a net margin of 50.54% and a return on equity of 14.07%. The company had revenue of $29.40 million for the quarter.

Xenith Bankshares (NASDAQ:XBKS) traded up 0.25% during trading on Friday, hitting $32.64. 11,600 shares of the company traded hands. The company’s 50 day moving average is $31.30 and its 200-day moving average is $29.64. Xenith Bankshares has a 52 week low of $21.70 and a 52 week high of $33.30. The stock has a market capitalization of $757.31 million, a PE ratio of 11.49 and a beta of 1.13.

Several research firms recently commented on XBKS. ValuEngine raised shares of Xenith Bankshares from a “buy” rating to a “strong-buy” rating in a report on Saturday, September 30th. BidaskClub raised shares of Xenith Bankshares from a “strong sell” rating to a “sell” rating in a report on Wednesday, August 9th. One analyst has rated the stock with a sell rating, two have issued a hold rating, one has given a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $28.00.

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In other Xenith Bankshares news, VP William Callaghan sold 1,540 shares of the business’s stock in a transaction on Thursday, August 17th. The shares were sold at an average price of $28.98, for a total transaction of $44,629.20. Following the transaction, the vice president now owns 10,506 shares in the company, valued at $304,463.88. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Linda Majikes sold 2,200 shares of the business’s stock in a transaction on Tuesday, August 1st. The shares were sold at an average price of $28.25, for a total transaction of $62,150.00. Following the transaction, the senior vice president now owns 7,592 shares in the company, valued at approximately $214,474. The disclosure for this sale can be found here. 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.

Earnings History for Xenith Bankshares (NASDAQ:XBKS)

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