$0.44 EPS Expected for WashingtonFirst Bankshares Inc (WFBI) This Quarter
Analysts expect WashingtonFirst Bankshares Inc (NASDAQ:WFBI) to post earnings of $0.44 per share for the current fiscal quarter, according to Zacks Investment Research. Zero analysts have issued estimates for WashingtonFirst Bankshares’ earnings. WashingtonFirst Bankshares posted earnings per share of $0.36 during the same quarter last year, which indicates a positive year over year growth rate of 22.2%. The firm is scheduled to announce its next quarterly earnings report on Thursday, January 25th.
According to Zacks, analysts expect that WashingtonFirst Bankshares will report full-year earnings of $1.57 per share for the current fiscal year. For the next fiscal year, analysts forecast that the business will post earnings of $1.70 per share. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of research analysts that cover WashingtonFirst Bankshares.
WashingtonFirst Bankshares (NASDAQ:WFBI) last posted its quarterly earnings results on Thursday, October 19th. The bank reported $0.41 earnings per share for the quarter, hitting the consensus estimate of $0.41. The business had revenue of $23.40 million during the quarter, compared to the consensus estimate of $24.98 million. WashingtonFirst Bankshares had a net margin of 19.00% and a return on equity of 25.98%.
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WashingtonFirst Bankshares (WFBI) traded up 0.54% during mid-day trading on Friday, reaching $35.69. 11,783 shares of the company’s stock traded hands. WashingtonFirst Bankshares has a 12-month low of $22.86 and a 12-month high of $37.19. The stock has a market capitalization of $466.86 million, a PE ratio of 24.28 and a beta of 0.14. The stock has a 50-day moving average price of $35.19 and a 200-day moving average price of $33.06.
The company also recently announced a quarterly dividend, which was paid on Monday, October 2nd. Stockholders of record on Monday, September 11th were issued a $0.07 dividend. The ex-dividend date of this dividend was Friday, September 8th. This represents a $0.28 annualized dividend and a dividend yield of 0.78%. WashingtonFirst Bankshares’s dividend payout ratio (DPR) is presently 18.54%.
In other news, CFO Matthew R. Johnson sold 2,503 shares of the firm’s stock in a transaction dated Friday, September 15th. The shares were sold at an average price of $33.50, for a total value of $83,850.50. Following the completion of the sale, the chief financial officer now owns 67,055 shares in the company, valued at approximately $2,246,342.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 20.70% of the stock is currently owned by company insiders.
Institutional investors have recently added to or reduced their stakes in the company. Chicago Capital Management LLC purchased a new position in WashingtonFirst Bankshares in the 2nd quarter worth about $121,000. American International Group Inc. increased its stake in WashingtonFirst Bankshares by 6.8% in the 1st quarter. American International Group Inc. now owns 5,213 shares of the bank’s stock worth $146,000 after buying an additional 333 shares during the period. Virtu KCG Holdings LLC purchased a new position in WashingtonFirst Bankshares in the 2nd quarter worth about $259,000. The Manufacturers Life Insurance Company increased its stake in WashingtonFirst Bankshares by 13.7% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 9,035 shares of the bank’s stock worth $312,000 after buying an additional 1,086 shares during the period. Finally, California Public Employees Retirement System purchased a new position in WashingtonFirst Bankshares in the 2nd quarter worth about $320,000. Hedge funds and other institutional investors own 54.38% of the company’s stock.
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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