Keefe Bruyette & Woods Maintains Xenith Bankshares Inc to Market Perform with Price Target $2.00

Brokerage firm Keefe Bruyette & Woods Maintains its rating on Xenith Bankshares Inc(NASDAQ:XBKS). In a research note issued to the investors, the brokerage major Lowers the price-target to $2.00 per share. The shares have been rated Market Perform. The rating by Keefe Bruyette & Woods was issued on Aug 5, 2016.

Xenith Bankshares Inc (XBKS) shares turned negative on Wednesdays trading session with the shares closing down -0.09 points or -4.19% at a volume of 77,105. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $2.17. The peak price level was also seen at $2.17 while the days lowest was $2.05. Finally the shares closed at $2.06. The 52-week high of the shares is $2.66 while the 52-week low is $1.55. According to the latest information available, the market cap of the company is $475 M.

Xenith Bankshares Inc(XBKS) last announced its earnings results on Jul 27, 2016 for Fiscal Year 2016 and Q2.Earnings per share were $0.10.

Several Insider Transactions has been reported to the SEC. On Nov 30, 2015, Wellington W. Iii Cottrell (EVP and Chief Credit Officer) purchased 2,000 shares at $6.70 per share price.Also, On Aug 17, 2015, Michael A. Mancusi (director) purchased 2,000 shares at $6.04 per share price.On Jun 2, 2015, T. Gaylon Layfield (CEO) purchased 2,000 shares at $5.99 per share price, according to the Form-4 filing with the securities and exchange commission.

Xenith Bankshares Inc. is a bank holding company for Xenith Bank (the Bank). Xenith 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. The Bank conducts its principal banking activities through its approximately eight branches. The Company’s services and products consist primarily of taking deposits from and making loans to its target customers within its target markets. The Company provides a selection of commercial and retail banking products including commercial and industrial loans commercial and residential real estate loans and select consumer loans. It 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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