Emerald Acquisition Ltd. acquired a new stake in WashingtonFirst Bankshares Inc. (NASDAQ:WFBI) during the second quarter, Holdings Channel reports. The firm acquired 22,843 shares of the company’s stock, valued at approximately $494,000. Emerald Acquisition Ltd. owned about 0.19% of WashingtonFirst Bankshares as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors have also modified their holdings of the company. UBS Group AG purchased a new stake in shares of WashingtonFirst Bankshares during the first quarter valued at about $715,000. Wellington Management Group LLP increased its stake in shares of WashingtonFirst Bankshares by 2.8% in the first quarter. Wellington Management Group LLP now owns 913,567 shares of the company’s stock valued at $19,961,000 after buying an additional 24,500 shares during the last quarter. California State Teachers Retirement System bought a new stake in shares of WashingtonFirst Bankshares during the second quarter valued at $366,000. Bank of New York Mellon Corp bought a new stake in shares of WashingtonFirst Bankshares during the second quarter valued at $334,000. Finally, Creative Planning increased its stake in shares of WashingtonFirst Bankshares by 4.2% in the second quarter. Creative Planning now owns 95,397 shares of the company’s stock valued at $2,062,000 after buying an additional 3,834 shares during the last quarter. 48.63% of the stock is owned by institutional investors.
Shares of WashingtonFirst Bankshares Inc. (NASDAQ:WFBI) remained flat at $23.86 during trading on Wednesday. 5 shares of the company traded hands. The company has a 50 day moving average of $24.54 and a 200-day moving average of $22.95. WashingtonFirst Bankshares Inc. has a 12-month low of $18.00 and a 12-month high of $25.46. The company has a market capitalization of $292.33 million, a P/E ratio of 18.48 and a beta of 0.08.
WashingtonFirst Bankshares (NASDAQ:WFBI) last posted its quarterly earnings results on Thursday, July 21st. The company reported $0.35 earnings per share for the quarter, beating the Thomson Reuters’ 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%. Equities analysts anticipate that WashingtonFirst Bankshares Inc. will post $1.37 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Monday, October 3rd. Stockholders of record on Monday, September 12th were paid a $0.06 dividend. The ex-dividend date was Thursday, September 8th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.01%. WashingtonFirst Bankshares’s payout ratio is 18.46%.
Several brokerages have weighed in on WFBI. Zacks Investment Research downgraded WashingtonFirst Bankshares from a “buy” rating to a “hold” rating in a research report on Tuesday, September 13th. Raymond James Financial Inc. downgraded WashingtonFirst Bankshares from an “outperform” rating to a “market perform” rating in a research report on Friday, October 7th.
In related news, Director Caren D. Merrick bought 4,065 shares of the stock in a transaction dated Monday, August 22nd. The shares were purchased at an average price of $23.98 per share, for a total transaction of $97,478.70. Following the completion of the purchase, the director now directly owns 2,960 shares of the company’s stock, valued at $70,980.80. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 22.86% of the stock is owned by insiders.
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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