Keefe, Bruyette & Woods reissued their hold rating on shares of Hampton Roads Bankshares Inc. (NASDAQ:XBKS) in a report published on Thursday. Keefe, Bruyette & Woods currently has a $2.30 price target on the stock.
Shares of Hampton Roads Bankshares (NASDAQ:XBKS) opened at 2.24 on Thursday. The company has a market cap of $516.92 million, a P/E ratio of 4.15 and a beta of 1.27. Hampton Roads Bankshares has a 12 month low of $1.55 and a 12 month 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 announced its earnings results on Wednesday, July 27th. The company reported $0.07 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.09 by $0.02. Hampton Roads Bankshares had a net margin of 88.53% and a return on equity of 34.40%. On average, equities research analysts predict that Hampton Roads Bankshares will post $0.32 EPS for the current fiscal year.
In other news, SVP Linda Majikes sold 18,013 shares of Hampton Roads Bankshares stock in a transaction dated Wednesday, August 31st. The shares were sold at an average price of $2.17, for a total value of $39,088.21. Following the sale, the senior vice president now owns 114,692 shares in the company, valued at $248,881.64. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 36.40% of the stock is currently owned by insiders.
A hedge fund recently raised its stake 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 filing with the Securities and Exchange Commission (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 SEC filing. Institutional investors own 47.53% of the company’s stock.
About Hampton Roads Bankshares
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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