Keefe, Bruyette & Woods reissued their hold rating on shares of Hampton Roads Bankshares Inc. (NASDAQ:XBKS) in a research report released on Thursday morning. The brokerage currently has a $2.30 price objective on the stock.
Hampton Roads Bankshares (NASDAQ:XBKS) opened at 2.25 on Thursday. The stock has a market cap of $519.23 million, a P/E ratio of 4.17 and a beta of 1.27. Hampton Roads Bankshares has a 52 week low of $1.55 and a 52 week high of $2.66. The company’s 50 day moving average is $2.20 and its 200 day moving average is $1.91.
Hampton Roads Bankshares (NASDAQ:XBKS) last released its quarterly earnings data on Wednesday, July 27th. The company reported $0.07 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.09 by $0.02. Hampton Roads Bankshares had a return on equity of 34.40% and a net margin of 88.53%. Equities analysts predict that Hampton Roads Bankshares will post $0.32 earnings per share for the current year.
In other Hampton Roads Bankshares news, SVP Linda Majikes sold 18,013 shares of the firm’s stock in a transaction dated Wednesday, August 31st. The shares were sold at an average price of $2.17, for a total transaction of $39,088.21. Following the transaction, the senior vice president now owns 114,692 shares of the company’s stock, valued at approximately $248,881.64. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 36.40% of the stock is currently owned by corporate insiders.
An institutional investor recently raised its position in Hampton Roads Bankshares stock. Geode Capital Management LLC increased its stake in shares of Hampton Roads Bankshares Inc. (NASDAQ:XBKS) by 3.8% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 18,211 shares of the company’s stock after buying an additional 670 shares during the period. Geode Capital Management LLC owned 0.14% of Hampton Roads Bankshares worth $137,000 as of its most recent filing with the SEC. 47.53% of the stock is owned by institutional investors.
Hampton Roads Bankshares Company Profile
Xenith Bankshares, Inc is a bank holding company for Xenith Bank. Xenith Bank is a commercial bank focusing on banking needs of middle market and small businesses, local real estate developers and investors, private banking clients and select retail banking clients. Its services and products consist of taking deposits from, and making loans to, its target customers within its target markets.
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