Insider Investment: Edward Grebow Obtained 5,000 Shares of Xenith Bankshares Inc (NASDAQ:XBKS)

November 30, 2016 - By Louis Casey

Insider Investment: Edward Grebow Obtained 5,000 Shares of Xenith Bankshares Inc (NASDAQ:XBKS)

Edward Grebow Insider Buy

Edward Grebow, an insider and also director of the public company Xenith Bankshares Inc made an investment. He paid for 5,000 shares of the firm with the insider transaction worth $12,450 USD – based on a market price of $2.5 per share. Right now, Edward Grebow owns 5,000 shares which are equivalent to roughly 0.00% of the Company’s market cap.

Insitutional Activity: The institutional sentiment decreased to 0.02 in Q2 2016. Its down 0.85, from 0.87 in 2016Q1. The ratio worsened, as 7 funds sold all Xenith Bankshares Inc shares owned while 16 reduced positions. 6 funds bought stakes while 14 increased positions. They now own 109.04 million shares or 0.13% more from 108.90 million shares in 2016Q1.

Morgan Stanley holds 0% or 3,826 shares in its portfolio. Bankshares Of America De accumulated 0% or 1,440 shares. Geode Mngmt Limited Liability Company has invested 0% of its portfolio in Xenith Bankshares Inc (NASDAQ:XBKS). The California-based Wells Fargo Com Mn has invested 0% in Xenith Bankshares Inc (NASDAQ:XBKS). Nationwide Fund Advsrs has 19,034 shares for 0% of their US portfolio. Bancorp Of Montreal Can has 0% invested in the company for 2,458 shares. Strs Ohio holds 95,300 shares or 0% of its portfolio. Rhumbline Advisers holds 0% or 37,326 shares in its portfolio. Northern holds 348,226 shares or 0% of its portfolio. Carlyle Grp Ltd Partnership holds 1.32% or 42.40M shares in its portfolio. Blackrock Institutional Tru Na accumulated 234,096 shares or 0% of the stock. Anchorage Capital Gru holds 1.81% of its portfolio in Xenith Bankshares Inc (NASDAQ:XBKS) for 42.40M shares. Moreover, California State Teachers Retirement has 0% invested in Xenith Bankshares Inc (NASDAQ:XBKS) for 70,739 shares. Goldman Sachs Grp Inc accumulated 0% or 28,031 shares. Salzhauer Michael has 0.72% invested in the company for 494,999 shares.

Insider Transactions: Since August 31, 2016, the stock had 0 insider purchases, and 1 sale for $39,151 net activity. 18,013 Xenith Bankshares Inc (NASDAQ:XBKS) shares with value of $39,151 were sold by MAJIKES LINDA.

About 193,469 shares traded hands. Xenith Bankshares Inc (NASDAQ:XBKS) has risen 39.89% since April 27, 2016 and is uptrending. It has outperformed by 34.66% 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 $579.56 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 3.38 P/E ratio. The Bank operates a loan production office in Newport News, Virginia.

According to Zacks Investment Research, “Xenith Bankshares, Inc. operates as the bank holding company which provides community and commercial banking services primarily to individuals and small to medium-sized businesses. Its services and products consist of deposits, loans, checking, savings and treasury products, automated clearing house transactions, debit cards, 24-hour automated teller machine access, Internet and mobile banking, and bill pay service. Xenith Bankshares, Inc. is headquartered in Richmond, Virginia.”

Analysts await Xenith Bankshares Inc (NASDAQ:XBKS) to report earnings on March, 23.

More news for Xenith Bankshares Inc (NASDAQ:XBKS) were recently published by: Globenewswire.com, which released: “Hampton Roads Bankshares, Inc. and Xenith Bankshares, Inc. Announce Completion ..” on July 29, 2016. Globenewswire.com‘s article titled: “Xenith Bankshares, Inc. Announces Plans to Cease Operations of its Mortgage ..” and published on September 16, 2016 is yet another important article.

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.

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