WashingtonFirst Bankshares Inc. (WFBI) Set to Announce Earnings on Thursday
WashingtonFirst Bankshares Inc. (NASDAQ:WFBI) will be releasing 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 quarterly earnings results on Thursday, July 21st. The company reported $0.35 earnings per share for the quarter, topping 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%. On average, analysts expect WashingtonFirst Bankshares to post $1.37 EPS for the current fiscal year and $1.48 EPS for the next fiscal year.
WashingtonFirst Bankshares Inc. (NASDAQ:WFBI) opened at 23.86 on Wednesday. WashingtonFirst Bankshares Inc. has a 12-month low of $18.00 and a 12-month high of $25.46. The stock has a 50 day moving average of $24.54 and a 200 day moving average of $22.95. The company has a market cap of $292.33 million, a PE ratio of 18.48 and a beta of 0.08.
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The business also recently announced a quarterly dividend, which was paid on Monday, October 3rd. Investors of record on Monday, September 12th were issued a $0.06 dividend. This represents a $0.24 annualized dividend and a yield of 1.01%. The ex-dividend date was Thursday, September 8th. WashingtonFirst Bankshares’s dividend payout ratio is currently 18.46%.
Several equities research analysts recently issued reports on WFBI shares. Zacks Investment Research cut shares of WashingtonFirst Bankshares from a “buy” rating to a “hold” rating in a report on Thursday, June 23rd. Raymond James Financial Inc. cut shares of WashingtonFirst Bankshares from an “outperform” rating to a “market perform” rating in a report on Friday, October 7th.
In other WashingtonFirst Bankshares news, Director Caren D. Merrick purchased 4,065 shares of the company’s stock in a transaction dated Monday, August 22nd. The shares were acquired at an average price of $23.98 per share, for a total transaction of $97,478.70. Following the purchase, the director now directly owns 2,960 shares of the company’s stock, valued at approximately $70,980.80. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 22.86% of the company’s stock.
Several hedge funds and other institutional investors have recently modified their holdings of the company. Banc Funds Co. LLC boosted its position in shares of 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 in the last quarter. BlackRock Fund Advisors boosted its position in shares of WashingtonFirst Bankshares by 15,053.9% in the second quarter. BlackRock Fund Advisors now owns 219,428 shares of the company’s stock valued at $4,742,000 after buying an additional 217,980 shares in the last quarter. Maltese Capital Management LLC boosted its position in shares of 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 in the last quarter. Vanguard Group Inc. boosted its position in shares of WashingtonFirst Bankshares by 24.1% in the second quarter. Vanguard Group Inc. now owns 103,782 shares of the company’s stock valued at $2,243,000 after buying an additional 20,139 shares in the last quarter. Finally, State Street Corp acquired a new position in shares of WashingtonFirst Bankshares during the second quarter valued at $1,792,000. Institutional investors and hedge funds own 48.63% of the company’s stock.
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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