WashingtonFirst Bankshares Inc. (WFBI) Downgraded by Raymond James Financial Inc.
Separately, Zacks Investment Research downgraded shares of WashingtonFirst Bankshares from a buy rating to a hold rating in a research note on Thursday, June 23rd.
Shares of WashingtonFirst Bankshares (NASDAQ:WFBI) opened at 23.92 on Friday. The firm has a market cap of $293.07 million, a price-to-earnings ratio of 18.53 and a beta of 0.08. WashingtonFirst Bankshares has a 52 week low of $18.00 and a 52 week high of $25.46. The firm has a 50 day moving average of $24.55 and a 200 day moving average of $22.87.
WashingtonFirst Bankshares (NASDAQ:WFBI) last announced its earnings results on Thursday, July 21st. The company reported $0.35 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.32 by $0.03. WashingtonFirst Bankshares had a net margin of 16.81% and a return on equity of 8.62%. Equities analysts predict that WashingtonFirst Bankshares will post $1.37 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Monday, October 3rd. Investors of record on Monday, September 12th were paid a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.00%. The ex-dividend date was Thursday, September 8th. WashingtonFirst Bankshares’s dividend payout ratio (DPR) is 18.46%.
In other WashingtonFirst Bankshares news, Director Caren D. Merrick purchased 4,065 shares of the company’s stock in a transaction that occurred on Monday, August 22nd. The stock was acquired at an average cost of $23.98 per share, with a total value of $97,478.70. Following the completion of the purchase, the director now directly owns 2,960 shares in the company, valued at approximately $70,980.80. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 22.86% of the company’s stock.
Large investors have recently bought and sold shares of the company. American International Group Inc. acquired a new stake in WashingtonFirst Bankshares during the second quarter worth $101,000. Nationwide Fund Advisors boosted its position in shares of WashingtonFirst Bankshares by 182.9% in the second quarter. Nationwide Fund Advisors now owns 9,335 shares of the company’s stock worth $202,000 after buying an additional 6,035 shares in the last quarter. Schwab Charles Investment Management Inc. purchased a new position in shares of WashingtonFirst Bankshares during the second quarter worth about $260,000. Geode Capital Management LLC boosted its position in shares of WashingtonFirst Bankshares by 21.3% in the first quarter. Geode Capital Management LLC now owns 12,040 shares of the company’s stock worth $263,000 after buying an additional 2,118 shares in the last quarter. Finally, Teachers Advisors Inc. purchased a new position in shares of WashingtonFirst Bankshares during the second quarter worth about $276,000. 48.63% of the stock is owned by institutional investors and hedge funds.
About WashingtonFirst Bankshares
WashingtonFirst Bankshares, Inc is a bank holding company. The Company, through its subsidiary, WashingtonFirst Bank (the Bank), operates approximately 20 banking offices throughout the Washington, District of Columbia (DC) metropolitan area. The Company’s segments include traditional commercial banking, a mortgage banking business and a wealth management business.
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