Xenith Bankshares Inc (XBKS) Stock Formed Double Top Pattern. What To Expect?

November 15, 2017 - By Hazel Jackson

The chart of Xenith Bankshares Inc (XBKS) shows a double top with $34.79 target or 9.00 % above today’s $31.92 share price. The 7 months chart pattern indicates low risk for the $741.05 million company. It was reported on Nov, 15 by Finviz.com. If the $34.79 price target is reached, the company will be worth $66.69M more. Double tops are rare but powerful chart patterns.

It closed at $31.92 lastly. It is down 53.54% since November 15, 2016 and is uptrending. It has outperformed by 36.84% the S&P500.

Xenith Bankshares Inc (NASDAQ:XBKS) Ratings Coverage

Among 2 analysts covering Xenith Bankshares (NASDAQ:XBKS), 1 have Buy rating, 0 Sell and 1 Hold. Therefore 50% are positive. Xenith Bankshares had 3 analyst reports since February 22, 2016 according to SRatingsIntel. The stock has “Market Perform” rating by Wood on Thursday, September 29. The firm has “Buy” rating by Keefe Bruyette & Woods given on Thursday, November 9.

More notable recent Xenith Bankshares Inc (NASDAQ:XBKS) news were published by: Roanoke.com which released: “Union Bankshares merging with Xenith Bankshares in $701.2 million all-stock deal” on May 22, 2017, also Benzinga.com with their article: “Trader Indicted In Connection With Online Brokerage Account Hacking” published on November 14, 2017, Globenewswire.com published: “Union Bankshares Corporation and Xenith Bankshares, Inc. Announce Regulatory …” on October 17, 2017. More interesting news about Xenith Bankshares Inc (NASDAQ:XBKS) were released by: Globenewswire.com and their article: “Xenith Bankshares, Inc. Reports Second Quarter and First Half 2017 Results” published on July 27, 2017 as well as Globenewswire.com‘s news article titled: “Xenith Bankshares, Inc. Announces Reverse Stock Split” with publication date: December 07, 2016.

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