WashingtonFirst Bankshares Inc. (WFBI) Set to Announce Quarterly Earnings on Thursday
WashingtonFirst Bankshares Inc. (NASDAQ:WFBI) will release its earnings data on Thursday, October 20th. Analysts expect WashingtonFirst Bankshares to post earnings of $0.36 per share for the quarter.
WashingtonFirst Bankshares (NASDAQ:WFBI) last released its earnings results on Thursday, July 21st. The company reported $0.35 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.32 by $0.03. WashingtonFirst Bankshares had a return on equity of 8.62% and a net margin of 16.81%. On average, analysts expect WashingtonFirst Bankshares to post $1.36 EPS for the current fiscal year and $1.45 EPS for the next fiscal year.
WashingtonFirst Bankshares Inc. (NASDAQ:WFBI) opened at 23.96 on Tuesday. The firm’s 50-day moving average price is $24.54 and its 200 day moving average price is $22.94. The stock has a market cap of $293.56 million, a PE ratio of 18.56 and a beta of 0.08. WashingtonFirst Bankshares Inc. has a 1-year low of $18.00 and a 1-year high of $25.46.
The firm also recently announced a quarterly dividend, which was paid on Monday, October 3rd. Stockholders of record on Monday, September 12th were issued a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 1.00%. The ex-dividend date of this dividend was Thursday, September 8th. WashingtonFirst Bankshares’s payout ratio is presently 18.46%.
In other news, Director Caren D. Merrick purchased 4,065 shares of the business’s stock in a transaction dated Monday, August 22nd. The shares were acquired at an average price 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 of the company’s stock, valued at approximately $70,980.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 22.86% of the company’s stock.
A number of institutional investors have recently added to or reduced their stakes in the stock. Banc Funds Co. LLC raised its position in WashingtonFirst Bankshares by 57.6% in the second quarter. Banc Funds Co. LLC now owns 236,930 shares of the company’s stock valued at $5,120,000 after buying an additional 86,631 shares during the last quarter. State Street Corp bought a new position in WashingtonFirst Bankshares during the second quarter valued at $1,792,000. Maltese Capital Management LLC raised its position in WashingtonFirst Bankshares by 11.4% in the second quarter. Maltese Capital Management LLC now owns 195,000 shares of the company’s stock valued at $4,214,000 after buying an additional 20,000 shares during the last quarter. Teachers Advisors Inc. bought a new position in WashingtonFirst Bankshares during the second quarter valued at $276,000. Finally, TFS Capital LLC bought a new position in WashingtonFirst Bankshares during the second quarter valued at $625,000. 48.63% of the stock is currently owned by hedge funds and other institutional investors.
Several brokerages have recently commented on WFBI. Zacks Investment Research upgraded WashingtonFirst Bankshares from a “hold” rating to a “buy” rating and set a $26.00 target price on the stock in a report on Wednesday, July 27th. Raymond James Financial Inc. cut WashingtonFirst Bankshares from an “outperform” rating to a “market perform” rating in a report on Friday, October 7th.
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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