BidaskClub upgraded shares of WashingtonFirst Bankshares (NASDAQ:WFBI) from a sell rating to a hold rating in a research note issued to investors on Wednesday.

Shares of WashingtonFirst Bankshares (NASDAQ:WFBI) opened at $34.20 on Wednesday. The company has a quick ratio of 0.98, a current ratio of 1.00 and a debt-to-equity ratio of 0.66. The stock has a market cap of $428.82, a PE ratio of 22.37 and a beta of 0.11. WashingtonFirst Bankshares has a fifty-two week low of $26.22 and a fifty-two week high of $37.19.

WashingtonFirst Bankshares (NASDAQ:WFBI) last issued its earnings results on Thursday, October 19th. The bank reported $0.41 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.41. The company had revenue of $23.40 million for the quarter, compared to analysts’ expectations of $24.98 million. WashingtonFirst Bankshares had a net margin of 19.00% and a return on equity of 18.37%. analysts predict that WashingtonFirst Bankshares will post 1.57 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, November 24th. Investors of record on Monday, November 20th were paid a $0.07 dividend. The ex-dividend date was Friday, November 17th. This represents a $0.28 dividend on an annualized basis and a yield of 0.82%. WashingtonFirst Bankshares’s dividend payout ratio (DPR) is currently 13.91%.

In related news, CFO Matthew R. Johnson sold 2,503 shares of the company’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 transaction, the chief financial officer now owns 67,055 shares in the company, valued at approximately $2,246,342.50. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Michael J. Rebibo sold 2,600 shares of the company’s stock in a transaction dated Monday, December 4th. The shares were sold at an average price of $34.92, for a total transaction of $90,792.00. Following the completion of the transaction, the insider now owns 175,069 shares in the company, valued at approximately $6,113,409.48. The disclosure for this sale can be found here. In the last quarter, insiders sold 20,973 shares of company stock worth $721,026. 20.70% of the stock is owned by company insiders.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Citadel Advisors LLC acquired a new position in WashingtonFirst Bankshares in the 3rd quarter valued at about $224,000. Virtu KCG Holdings LLC acquired a new position in WashingtonFirst Bankshares in the 2nd quarter valued at about $259,000. The Manufacturers Life Insurance Company grew 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 valued at $312,000 after buying an additional 1,086 shares during the last quarter. California Public Employees Retirement System acquired a new position in WashingtonFirst Bankshares in the 2nd quarter valued at about $320,000. Finally, Rhumbline Advisers acquired a new position in WashingtonFirst Bankshares in the 2nd quarter valued at about $356,000. Institutional investors and hedge funds own 55.94% of the company’s stock.

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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 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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