Zacks: WashingtonFirst Bankshares Inc. (NASDAQ:WFBI) Given $24.00 Consensus Target Price by Analysts
Shares of WashingtonFirst Bankshares Inc. (NASDAQ:WFBI) have earned an average broker rating score of 2.00 (Buy) from the two analysts that cover the stock, Zacks Investment Research reports. Two equities research analysts have rated the stock with a buy recommendation.
Brokers have set a 12 month consensus target price of $24.00 for the company and are expecting that the company will post $0.37 EPS for the current quarter, according to Zacks. Zacks has also assigned WashingtonFirst Bankshares an industry rank of 102 out of 265 based on the ratings given to related companies.
Separately, Zacks Investment Research raised shares of WashingtonFirst Bankshares from a “hold” rating to a “buy” rating and set a $26.00 price target for the company in a research report on Wednesday, July 27th.
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Shares of WashingtonFirst Bankshares (NASDAQ:WFBI) traded up 0.20% during trading on Wednesday, hitting $24.92. 2,887 shares of the stock traded hands. WashingtonFirst Bankshares has a 1-year low of $17.96 and a 1-year high of $25.46. The stock has a market cap of $305.32 million, a price-to-earnings ratio of 19.30 and a beta of 0.07. The stock has a 50 day moving average price of $24.36 and a 200-day moving average price of $22.51.
WashingtonFirst Bankshares (NASDAQ:WFBI) last posted its quarterly earnings results on Thursday, July 21st. The company reported $0.35 earnings per share (EPS) for the quarter, beating the 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 forecast that WashingtonFirst Bankshares will post $1.37 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 3rd. Shareholders of record on Monday, September 12th will be issued a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 0.97%. The ex-dividend date is Thursday, September 8th. WashingtonFirst Bankshares’s dividend payout ratio is 18.46%.
In other news, Director Caren D. Merrick acquired 4,065 shares of the business’s stock in a transaction on Monday, August 22nd. The shares were purchased at an average cost of $23.98 per share, with a total value of $97,478.70. Following the acquisition, the director now directly owns 2,960 shares of the company’s stock, valued at $70,980.80. The transaction was disclosed in a document filed with the SEC, which is available through this link. Company insiders own 22.86% of the company’s stock.
A number of institutional investors have recently bought and sold shares of WFBI. Wellington Management Group LLP increased its position in WashingtonFirst Bankshares by 2.8% in the first quarter. Wellington Management Group LLP now owns 913,567 shares of the company’s stock worth $19,961,000 after buying an additional 24,500 shares in the last quarter. Geode Capital Management LLC increased its position in 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. UBS Group AG purchased a new position in WashingtonFirst Bankshares during the first quarter worth about $715,000. BlackRock Institutional Trust Company N.A. purchased a new position in WashingtonFirst Bankshares during the second quarter worth about $1,210,000. Finally, BlackRock Fund Advisors increased its position in WashingtonFirst Bankshares by 15,053.9% in the second quarter. BlackRock Fund Advisors now owns 219,428 shares of the company’s stock worth $4,742,000 after buying an additional 217,980 shares in the last quarter. 48.63% of the stock is currently owned by hedge funds and other institutional investors.
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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