Madhu K. Mohan Acquires 3,197 Shares of WashingtonFirst Bankshares Inc. (WFBI) Stock
WashingtonFirst Bankshares Inc. (NASDAQ:WFBI) Director Madhu K. Mohan purchased 3,197 shares of the stock in a transaction dated Wednesday, November 23rd. The shares were acquired at an average cost of $27.20 per share, with a total value of $86,958.40. Following the acquisition, the director now directly owns 35,833 shares in the company, valued at approximately $974,657.60. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Shares of WashingtonFirst Bankshares Inc. (NASDAQ:WFBI) opened at 27.11 on Wednesday. The firm has a 50 day moving average price of $24.98 and a 200-day moving average price of $23.51. The company has a market cap of $332.29 million, a price-to-earnings ratio of 19.64 and a beta of 0.10. WashingtonFirst Bankshares Inc. has a 52-week low of $19.50 and a 52-week high of $27.89.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 3rd. Stockholders of record on Tuesday, December 13th will be issued a $0.07 dividend. The ex-dividend date of this dividend is Friday, December 9th. This represents a $0.28 annualized dividend and a dividend yield of 1.03%. This is an increase from WashingtonFirst Bankshares’s previous quarterly dividend of $0.06. WashingtonFirst Bankshares’s payout ratio is currently 17.39%.
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WFBI has been the topic of a number of research reports. Zacks Investment Research lowered WashingtonFirst Bankshares from a “buy” rating to a “hold” rating in a research report on Thursday, September 1st. Raymond James Financial Inc. lowered WashingtonFirst Bankshares from an “outperform” rating to a “market perform” rating in a research report on Friday, October 7th. Keefe, Bruyette & Woods lowered WashingtonFirst Bankshares from an “outperform” rating to a “market perform” rating in a research report on Monday, October 24th. Finally, Citigroup Inc. lowered WashingtonFirst Bankshares to a “market perform” rating in a research report on Monday, October 24th. They noted that the move was a valuation call.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. American International Group Inc. acquired a new stake in WashingtonFirst Bankshares during the second quarter valued at about $101,000. The Manufacturers Life Insurance Company acquired a new stake in WashingtonFirst Bankshares during the third quarter valued at about $192,000. Nationwide Fund Advisors boosted its stake in 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 during the last quarter. Rehmann Capital Advisory Group acquired a new stake in WashingtonFirst Bankshares during the third quarter valued at about $219,000. Finally, North American Management Corp acquired a new stake in WashingtonFirst Bankshares during the third quarter valued at about $227,000. Hedge funds and other institutional investors own 48.11% 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 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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