Context Bh Capital Management Lp buys $5,872,490 stake in Xenith Bankshares Inc (XBKS)

Xenith Bankshares Inc (XBKS) : Context Bh Capital Management Lp scooped up 259,409 additional shares in Xenith Bankshares Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 2, 2016. The investment management firm now holds a total of 2,965,904 shares of Xenith Bankshares Inc which is valued at $5,872,490.Xenith Bankshares Inc makes up approximately 4.14% of Context Bh Capital Management Lp’s portfolio.

Other Hedge Funds, Including , California State Teachers Retirement System reduced its stake in XBKS by selling 1,900 shares or 2.62% in the most recent quarter. The Hedge Fund company now holds 70,739 shares of XBKS which is valued at $140,063.

Xenith Bankshares Inc opened for trading at $2.05 and hit $2.11 on the upside on Monday, eventually ending the session at $2.1, with a gain of 2.94% or 0.06 points. The heightened volatility saw the trading volume jump to 1,28,577 shares. Company has a market cap of $360 M.

Xenith Bankshares Inc. is a bank holding company for Xenith Bank (the Bank). Xenith 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. The Bank conducts its principal banking activities through its approximately eight branches. The Company’s services and products consist primarily of taking deposits from and making loans to its target customers within its target markets. The Company provides a selection of commercial and retail banking products including commercial and industrial loans commercial and residential real estate loans and select consumer loans. It 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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