BidaskClub cut shares of WashingtonFirst Bankshares (NASDAQ:WFBI) from a hold rating to a sell rating in a research note released on Tuesday morning.

Shares of WashingtonFirst Bankshares (NASDAQ WFBI) traded down $0.97 during trading hours on Tuesday, hitting $33.41. The company’s stock had a trading volume of 24,400 shares, compared to its average volume of 33,076. The company has a quick ratio of 0.98, a current ratio of 1.00 and a debt-to-equity ratio of 0.66. The firm has a market capitalization of $430.83, a PE ratio of 22.47 and a beta of 0.11. WashingtonFirst Bankshares has a 12 month low of $26.22 and a 12 month high of $37.19.

WashingtonFirst Bankshares (NASDAQ:WFBI) last posted its quarterly earnings data on Thursday, October 19th. The bank reported $0.41 EPS for the quarter, hitting analysts’ consensus estimates of $0.41. The business had revenue of $23.40 million for the quarter, compared to analyst estimates of $24.98 million. WashingtonFirst Bankshares had a return on equity of 18.37% and a net margin of 19.00%. equities analysts forecast that WashingtonFirst Bankshares will post 1.57 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 24th. Stockholders of record on Monday, November 20th were paid a $0.07 dividend. The ex-dividend date was Friday, November 17th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.84%. WashingtonFirst Bankshares’s payout ratio is presently 9.27%.

In other news, insider Michael J. Rebibo sold 2,600 shares of WashingtonFirst Bankshares stock in a transaction dated Monday, December 4th. The stock was sold at an average price of $34.92, for a total value of $90,792.00. Following the transaction, the insider now directly owns 175,069 shares in the company, valued at $6,113,409.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Joseph S. Bracewell sold 17,000 shares of WashingtonFirst Bankshares stock in a transaction dated Tuesday, December 12th. The stock was sold at an average price of $34.30, for a total value of $583,100.00. Following the completion of the transaction, the insider now owns 327,961 shares in the company, valued at $11,249,062.30. The disclosure for this sale can be found here. Insiders sold 51,579 shares of company stock worth $1,772,083 over the last quarter. 20.70% of the stock is currently owned by corporate insiders.

Several institutional investors have recently bought and sold shares of the company. California Public Employees Retirement System increased its stake in shares of WashingtonFirst Bankshares by 25.0% in the third quarter. California Public Employees Retirement System now owns 11,605 shares of the bank’s stock worth $413,000 after purchasing an additional 2,324 shares during the period. Magnetar Financial LLC increased its stake in WashingtonFirst Bankshares by 20.9% during the third quarter. Magnetar Financial LLC now owns 224,324 shares of the bank’s stock valued at $7,984,000 after acquiring an additional 38,824 shares during the period. Citadel Advisors LLC bought a new position in WashingtonFirst Bankshares during the third quarter valued at about $224,000. Bank of New York Mellon Corp increased its stake in WashingtonFirst Bankshares by 4.8% during the third quarter. Bank of New York Mellon Corp now owns 70,727 shares of the bank’s stock valued at $2,517,000 after acquiring an additional 3,260 shares during the period. Finally, Context BH Capital Management LP increased its stake in WashingtonFirst Bankshares by 39.2% during the third quarter. Context BH Capital Management LP now owns 329,375 shares of the bank’s stock valued at $11,722,000 after acquiring an additional 92,735 shares during the period. Institutional investors and hedge funds own 55.94% of the company’s stock.

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About WashingtonFirst Bankshares

WashingtonFirst Bankshares, Inc is a bank holding company. The Company, through its subsidiary, WashingtonFirst Bank (the Bank), operates banking offices throughout the Washington, DC metropolitan area. The Company’s segments include Commercial Bank, Mortgage Bank, Wealth Management and Other. In addition, the Company provides wealth management services through its subsidiary, 1st Portfolio, Inc (Wealth Advisors), located in Fairfax, Virginia, and mortgage banking services through the Bank’s subsidiary, WashingtonFirst Mortgage Corporation, which operates in two locations: Fairfax, Virginia and Rockville, Maryland.

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