Shares of WashingtonFirst Bankshares Inc. (NASDAQ:WFBI) have received an average broker rating score of 2.00 (Buy) from the two brokers that provide coverage for the stock, Zacks Investment Research reports. Two equities research analysts have rated the stock with a buy recommendation.
Brokers have set a twelve-month consensus target price of $24.00 for the company and are expecting that the company will post $0.37 earnings per share for the current quarter, according to Zacks. Zacks has also assigned WashingtonFirst Bankshares an industry rank of 85 out of 265 based on the ratings given to its competitors.
Separately, Zacks Investment Research raised WashingtonFirst Bankshares from a “hold” rating to a “buy” rating and set a $26.00 price target on the stock in a research note on Wednesday, July 27th.
WashingtonFirst Bankshares (NASDAQ:WFBI) opened at 24.75 on Wednesday. The firm’s 50-day moving average price is $24.50 and its 200 day moving average price is $22.57. WashingtonFirst Bankshares has a 52 week low of $17.96 and a 52 week high of $25.46. The company has a market capitalization of $303.24 million, a PE ratio of 19.17 and a beta of 0.07.
WashingtonFirst Bankshares (NASDAQ:WFBI) last announced its quarterly earnings results on Thursday, July 21st. The company reported $0.35 EPS for the quarter, topping the Zacks’ 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 research analysts expect that WashingtonFirst Bankshares will post $1.37 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, October 3rd. Stockholders of record on Monday, September 12th will be paid a dividend of $0.06 per share. The ex-dividend date of this dividend is Thursday, September 8th. This represents a $0.24 annualized dividend and a dividend yield of 0.97%. WashingtonFirst Bankshares’s dividend payout ratio (DPR) is presently 18.46%.
In other WashingtonFirst Bankshares news, Director Caren D. Merrick bought 4,065 shares of WashingtonFirst Bankshares stock in a transaction dated Monday, August 22nd. The shares were purchased at an average cost of $23.98 per share, with a total value of $97,478.70. Following the completion of the purchase, the director now owns 2,960 shares of the company’s stock, valued at $70,980.80. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 22.86% of the company’s stock.
Several institutional investors have recently bought and sold shares of the stock. Schwab Charles Investment Management Inc. acquired a new position in WashingtonFirst Bankshares during the second quarter valued at about $260,000. Banc Funds Co. LLC boosted its stake in shares of 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 purchased a new stake in shares of WashingtonFirst Bankshares during the second quarter valued at $1,792,000. Maltese Capital Management LLC boosted its stake in shares of WashingtonFirst Bankshares by 11.4% in the second quarter. Maltese Capital Management LLC now owns 195,000 shares of the company’s stock valued at $4,214,000 after buying an additional 20,000 shares during the last quarter. Finally, Teachers Advisors Inc. purchased 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 hedge funds and other institutional investors.
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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