Shorts Action: Xenith Bankshares Incorporated (NASDAQ:XBKS) Stock Is Shorted More

November 21, 2016 - By Linda Rogers   ·   0 Comments

Shorts Action: Xenith Bankshares Incorporated (NASDAQ:XBKS) Stock Is Shorted More

The stock of Xenith Bankshares Incorporated (NASDAQ:XBKS) registered an increase of 3.94% in short interest. XBKS’s total short interest was 1.72 million shares in November as published by FINRA. Its up 3.94% from 1.65 million shares, reported previously. With 111,000 shares average volume, it will take short sellers 16 days to cover their XBKS’s short positions. The short interest to Xenith Bankshares Incorporated’s float is 2.27%. The stock last traded at $2.47 per share. It is up 42.77% since April 19, 2016 and is uptrending. It has outperformed by 38.91% the S&P500.

Xenith Bankshares, Inc., formerly Hampton Roads Bankshares, Inc., is the bank holding firm for Xenith Bank . The company has a market cap of $586.98 million. 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. It has a 3.31 P/E ratio. The Bank operates a loan production office in Newport News, Virginia.

Insitutional Activity: The institutional sentiment decreased to 0.14 in Q2 2016. Its down 2.19, from 2.33 in 2016Q1. The ratio worsened, 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.
Bank Of America De, a North Carolina-based fund reported 17 shares. Blackrock Investment Lc accumulated 0% or 1,574 shares. Thompson Siegel And Walmsley Limited Liability reported 18,700 shares or 0% of all its holdings. Hancock Hldgs Com reported 13,887 shares or 0% of all its holdings. Silvercrest Asset Mgmt Group Limited Liability Corporation has 0% invested in the company for 34,882 shares. Moreover, California Public Employees Retirement Systems has 0% invested in Xenith Bankshares Inc (NASDAQ:XBKS) for 31,000 shares. Moreover, Brown Advisory Inc has 0% invested in Xenith Bankshares Inc (NASDAQ:XBKS) for 87,000 shares. Vanguard Group last reported 439,304 shares in the company. Jcsd Lc holds 1.15% or 131,253 shares in its portfolio. The California-based Blackrock Fund Advisors has invested 0% in Xenith Bankshares Inc (NASDAQ:XBKS). Manufacturers Life Ins The holds 0.01% of its portfolio in Xenith Bankshares Inc (NASDAQ:XBKS) for 446,409 shares. Moreover, Heritage Wealth Advisors has 0.35% invested in Xenith Bankshares Inc (NASDAQ:XBKS) for 65,135 shares. Wills Gp owns 19,700 shares or 0.13% of their US portfolio. Renaissance Technology Ltd Llc reported 18,200 shares or 0% of all its holdings. Deutsche Bancorporation Ag holds 0% of its portfolio in Xenith Bankshares Inc (NASDAQ:XBKS) for 18,200 shares.

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.

More notable recent Xenith Bankshares Inc (NASDAQ:XBKS) news were published by: Globenewswire.com which released: “Hampton Roads Bankshares, Inc. and Xenith Bankshares, Inc. Announce Completion …” on July 29, 2016, also Globenewswire.com with their article: “Xenith Bankshares, Inc. Announces Plans to Cease Operations of its Mortgage …” published on September 16, 2016, Globenewswire.com published: “Xenith Bankshares, Inc. Reports Third Quarter and Year-to-Date 2016 Results” on November 14, 2016. More interesting news about Xenith Bankshares Inc (NASDAQ:XBKS) were released by: Globenewswire.com and their article: “Xenith Bankshares, Inc. Announces Closing of Sale of Certain Assets of its …” published on October 17, 2016 as well as Globenewswire.com‘s news article titled: “Hampton Roads Bankshares, Inc. and Xenith Bankshares, Inc. Receive Regulatory …” with publication date: July 12, 2016.

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By Linda Rogers

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