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 research report issued on Friday.
Separately, Zacks Investment Research downgraded WashingtonFirst Bankshares from a “buy” rating to a “hold” rating in a research report on Tuesday, September 13th.
Shares of WashingtonFirst Bankshares (NASDAQ:WFBI) opened at 23.73 on Friday. The company has a market capitalization of $290.74 million, a PE ratio of 18.38 and a beta of 0.08. The stock has a 50 day moving average price of $24.53 and a 200 day moving average price of $22.82. WashingtonFirst Bankshares has a one year low of $18.00 and a one year high of $25.46.
WashingtonFirst Bankshares (NASDAQ:WFBI) last released its earnings results on Thursday, July 21st. The company reported $0.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.32 by $0.03. WashingtonFirst Bankshares had a return on equity of 8.62% and a net margin of 16.81%. On average, equities research analysts predict that WashingtonFirst Bankshares will post $1.37 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Monday, October 3rd. Shareholders of record on Monday, September 12th were given a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 1.01%. The ex-dividend date of this dividend was Thursday, September 8th. WashingtonFirst Bankshares’s dividend payout ratio is currently 18.46%.
In related news, Director Caren D. Merrick purchased 4,065 shares of the business’s stock in a transaction on Monday, August 22nd. The shares were bought at an average cost of $23.98 per share, with a total value of $97,478.70. Following the transaction, the director now owns 2,960 shares of the company’s stock, valued at $70,980.80. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 22.86% of the company’s stock.
Large investors have recently made changes to their positions in the company. American International Group Inc. bought a new stake in shares of WashingtonFirst Bankshares during the second quarter valued at $101,000. Nationwide Fund Advisors increased 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 valued at $202,000 after buying an additional 6,035 shares in the last quarter. Schwab Charles Investment Management Inc. bought a new stake in shares of WashingtonFirst Bankshares during the second quarter valued at $260,000. Geode Capital Management LLC increased 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 valued at $263,000 after buying an additional 2,118 shares in the last quarter. Finally, Teachers Advisors Inc. bought a new stake in shares of WashingtonFirst Bankshares during the second quarter valued at $276,000. 48.63% of the stock is currently owned by institutional investors.
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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