Kenneth Morrissette Sells 50,000 Shares of WashingtonFirst Bankshares Inc (WFBI) Stock
WashingtonFirst Bankshares Inc (NASDAQ:WFBI) Director Kenneth Morrissette sold 50,000 shares of the company’s stock in a transaction on Friday, December 22nd. The stock was sold at an average price of $34.18, for a total value of $1,709,000.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.
Shares of WashingtonFirst Bankshares Inc (WFBI) traded down $0.18 during trading hours on Thursday, reaching $33.48. The company had a trading volume of 35,000 shares, compared to its average volume of 34,200. WashingtonFirst Bankshares Inc has a 12 month low of $26.22 and a 12 month high of $37.19. The firm has a market cap of $427.95, a price-to-earnings ratio of 22.17 and a beta of 0.11. The company has a quick ratio of 0.98, a current ratio of 1.00 and a debt-to-equity ratio of 0.66.
WashingtonFirst Bankshares (NASDAQ:WFBI) last announced its earnings results on Thursday, October 19th. The bank reported $0.41 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.41. WashingtonFirst Bankshares had a return on equity of 18.37% and a net margin of 19.00%. The company had revenue of $23.40 million for the quarter, compared to analyst estimates of $24.98 million. equities analysts predict that WashingtonFirst Bankshares Inc will post 1.57 earnings per share for the current fiscal year.
Separately, BidaskClub cut WashingtonFirst Bankshares from a “hold” rating to a “sell” rating in a research note on Tuesday, December 12th.
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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