WashingtonFirst Bankshares Inc. (WFBI) Cut to “Market Perform” at Raymond James Financial Inc.
WashingtonFirst Bankshares Inc. (NASDAQ:WFBI) was downgraded by stock analysts at Raymond James Financial Inc. from an “outperform” rating to a “market perform” rating in a report issued on Friday.
Separately, Zacks Investment Research downgraded shares of WashingtonFirst Bankshares from a “buy” rating to a “hold” rating in a research note on Tuesday, September 13th.
Shares of WashingtonFirst Bankshares (NASDAQ:WFBI) opened at 23.73 on Friday. The firm has a market capitalization of $290.74 million, a PE ratio of 18.38 and a beta of 0.08. The stock’s 50 day moving average price is $24.53 and its 200-day moving average price is $22.82. WashingtonFirst Bankshares has a 52-week low of $18.00 and a 52-week high of $25.46.
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WashingtonFirst Bankshares (NASDAQ:WFBI) last issued its earnings results on Thursday, July 21st. The company reported $0.35 EPS for the quarter, topping analysts’ consensus estimates of $0.32 by $0.03. WashingtonFirst Bankshares had a net margin of 16.81% and a return on equity of 8.62%. Equities research analysts anticipate that WashingtonFirst Bankshares will post $1.37 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Monday, October 3rd. Investors of record on Monday, September 12th were given a $0.06 dividend. The ex-dividend date of this dividend was Thursday, September 8th. This represents a $0.24 dividend on an annualized basis and a yield of 1.01%. WashingtonFirst Bankshares’s dividend payout ratio (DPR) is presently 18.46%.
In related news, Director Caren D. Merrick purchased 4,065 shares of WashingtonFirst Bankshares stock in a transaction that occurred on Monday, August 22nd. The stock was purchased at an average cost of $23.98 per share, with a total value of $97,478.70. Following the completion of the transaction, the director now directly owns 2,960 shares in the company, valued at $70,980.80. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 22.86% of the stock is currently owned by corporate insiders.
A number of large investors have recently made changes to their positions in the stock. Geode Capital Management LLC boosted its stake 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 during the period. Creative Planning boosted its stake in shares of WashingtonFirst Bankshares by 4.2% in the second quarter. Creative Planning now owns 95,397 shares of the company’s stock worth $2,062,000 after buying an additional 3,834 shares during the period. American International Group Inc. bought a new stake in shares of WashingtonFirst Bankshares during the second quarter worth $101,000. Nationwide Fund Advisors boosted its stake 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 during the period. Finally, Dimensional Fund Advisors LP boosted its stake in shares of WashingtonFirst Bankshares by 49.6% in the second quarter. Dimensional Fund Advisors LP now owns 20,215 shares of the company’s stock worth $437,000 after buying an additional 6,702 shares during the period. 48.63% of the stock is owned by hedge funds and other institutional investors.
WashingtonFirst Bankshares Company Profile
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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