WashingtonFirst Bankshares Inc (WFBI) Plans Quarterly Dividend of $0.07
WashingtonFirst Bankshares Inc (NASDAQ:WFBI) declared a quarterly dividend on Tuesday, August 22nd, Wall Street Journal reports. Investors of record on Monday, September 11th will be paid a dividend of 0.07 per share by the bank on Monday, October 2nd. This represents a $0.28 annualized dividend and a dividend yield of 0.84%. The ex-dividend date of this dividend is Friday, September 8th.
Shares of WashingtonFirst Bankshares (NASDAQ:WFBI) traded up 0.64% during trading on Tuesday, hitting $33.18. 8,938 shares of the company traded hands. The stock has a market capitalization of $434.03 million, a PE ratio of 22.57 and a beta of 0.13. WashingtonFirst Bankshares has a 52-week low of $22.20 and a 52-week high of $36.16. The company has a 50-day moving average of $33.87 and a 200-day moving average of $30.77.
WFBI has been the subject of a number of research analyst reports. Zacks Investment Research downgraded WashingtonFirst Bankshares from a “hold” rating to a “sell” rating in a report on Saturday, April 29th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $28.00 price target on shares of WashingtonFirst Bankshares in a report on Tuesday, April 25th. Finally, BidaskClub raised WashingtonFirst Bankshares from a “sell” rating to a “hold” rating in a report on Thursday, August 3rd. Five research analysts have rated the stock with a hold rating, The stock currently has a consensus rating of “Hold” and a consensus price target of $28.00.
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WashingtonFirst Bankshares Company Profile
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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