WashingtonFirst Bankshares Inc. (NASDAQ:WFBI) announced a quarterly dividend on Wednesday, November 23rd. Investors of record on Tuesday, December 13th will be paid a dividend of 0.07 per share on Tuesday, January 3rd. This represents a $0.28 annualized dividend and a yield of 1.04%. The ex-dividend date is Friday, December 9th. This is a positive change from WashingtonFirst Bankshares’s previous quarterly dividend of $0.06.

Shares of WashingtonFirst Bankshares (NASDAQ:WFBI) opened at 26.83 on Thursday. WashingtonFirst Bankshares has a 52 week low of $19.50 and a 52 week high of $27.50. The stock has a market capitalization of $328.86 million, a PE ratio of 19.44 and a beta of 0.10. The company has a 50-day moving average price of $24.74 and a 200 day moving average price of $23.41.

Dividend History for WashingtonFirst Bankshares (NASDAQ:WFBI)

Several equities analysts have weighed in on the company. Zacks Investment Research upgraded WashingtonFirst Bankshares from a “hold” rating to a “strong-buy” rating and set a $28.00 price target for the company in a report on Wednesday, October 26th. Raymond James Financial Inc. cut WashingtonFirst Bankshares from an “outperform” rating to a “market perform” rating in a report on Monday, October 24th. Citigroup Inc. cut WashingtonFirst Bankshares to a “market perform” rating in a report on Monday, October 24th. They noted that the move was a valuation call. Finally, Keefe, Bruyette & Woods cut WashingtonFirst Bankshares from an “outperform” rating to a “market perform” rating in a report on Monday, October 24th.

Large investors have recently bought and sold shares of the stock. BlackRock Fund Advisors raised its stake in 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 during the last quarter. Banc Funds Co. LLC raised its stake in 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 during the last quarter. State Street Corp bought a new stake in WashingtonFirst Bankshares during the second quarter valued at about $1,792,000. BlackRock Institutional Trust Company N.A. bought a new stake in WashingtonFirst Bankshares during the second quarter valued at about $1,210,000. Finally, BlackRock Investment Management LLC raised its stake in WashingtonFirst Bankshares by 2,909.6% in the second quarter. BlackRock Investment Management LLC now owns 32,835 shares of the company’s stock valued at $710,000 after buying an additional 31,744 shares during the last quarter. 48.66% of the stock is owned by institutional investors and hedge funds.

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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.

5 Day Chart for NASDAQ:WFBI

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