Heritage Wealth Advisors raised its stake in shares of Xenith Bankshares, Inc. (NASDAQ:XBKS) by 49.2% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 42,288 shares of the bank’s stock after buying an additional 13,937 shares during the period. Heritage Wealth Advisors’ holdings in Xenith Bankshares were worth $1,073,000 at the end of the most recent quarter.
Other institutional investors have also made changes to their positions in the company. Trexquant Investment LP acquired a new position in shares of Xenith Bankshares during the first quarter valued at approximately $244,000. Bank of New York Mellon Corp increased its position in shares of Xenith Bankshares by 21.2% in the first quarter. Bank of New York Mellon Corp now owns 27,149 shares of the bank’s stock valued at $688,000 after buying an additional 4,751 shares during the period. Finally, First Trust Advisors LP acquired a new position in shares of Xenith Bankshares during the first quarter valued at approximately $1,083,000. 56.75% of the stock is currently owned by institutional investors.
Xenith Bankshares, Inc. (NASDAQ XBKS) traded down 1.88% during midday trading on Friday, reaching $31.87. The company’s stock had a trading volume of 184,619 shares. Xenith Bankshares, Inc. has a 1-year low of $16.70 and a 1-year high of $33.30. The stock’s 50-day moving average price is $29.41 and its 200 day moving average price is $25.70.
XBKS has been the topic of a number of recent research reports. Keefe, Bruyette & Woods raised Xenith Bankshares from a “market perform” rating to an “outperform” rating and set a $28.00 price target on the stock in a research report on Thursday, March 23rd. Zacks Investment Research raised Xenith Bankshares from a “sell” rating to a “hold” rating in a research report on Friday, June 2nd. Finally, Stephens started coverage on Xenith Bankshares in a research report on Friday, April 7th. They set an “equal weight” rating on the 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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