WashingtonFirst Bankshares Inc. (NASDAQ:WFBI)’s share price reached a new 52-week high during trading on Wednesday . The company traded as high as $25.01 and last traded at $24.26, with a volume of 14,935 shares traded. The stock had previously closed at $24.21.

Separately, Zacks Investment Research upgraded WashingtonFirst Bankshares from a “hold” rating to a “buy” rating and set a $26.00 price objective on the stock in a report on Wednesday, July 27th.

The company’s 50-day moving average is $22.52 and its 200 day moving average is $21.86. The company has a market cap of $297.14 million and a P/E ratio of 18.79.

WashingtonFirst Bankshares (NASDAQ:WFBI) last posted its earnings results on Thursday, July 21st. The company reported $0.35 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.32 by $0.03. Analysts forecast that WashingtonFirst Bankshares Inc. will post $1.37 EPS for the current year.

In related news, Director Mark C. Michael bought 4,600 shares of the firm’s stock in a transaction dated Monday, June 13th. The stock was bought at an average cost of $21.50 per share, for a total transaction of $98,900.00. Following the transaction, the director now owns 111,044 shares of the company’s stock, valued at $2,387,446. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

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.