WashingtonFirst Bankshares Inc. (WFBI) Director Purchases $86,958.40 in Stock
WashingtonFirst Bankshares Inc. (NASDAQ:WFBI) Director Madhu K. Mohan bought 3,197 shares of the stock in a transaction that occurred on Wednesday, November 23rd. The stock was bought at an average cost of $27.20 per share, for a total transaction of $86,958.40. Following the transaction, the director now owns 35,833 shares of the company’s stock, valued at approximately $974,657.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
WashingtonFirst Bankshares Inc. (NASDAQ:WFBI) opened at 27.36 on Thursday. WashingtonFirst Bankshares Inc. has a 12 month low of $19.50 and a 12 month high of $27.89. The firm’s 50-day moving average price is $24.98 and its 200-day moving average price is $23.51. The firm has a market cap of $335.35 million, a P/E ratio of 19.83 and a beta of 0.10.
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 given a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.02%. The ex-dividend date of this dividend is Friday, December 9th. This is a boost from WashingtonFirst Bankshares’s previous quarterly dividend of $0.06. WashingtonFirst Bankshares’s dividend payout ratio is 17.39%.
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A number of research firms recently issued reports on WFBI. Zacks Investment Research downgraded WashingtonFirst Bankshares from a “buy” rating to a “hold” rating in a research report on Tuesday, September 13th. Keefe, Bruyette & Woods downgraded WashingtonFirst Bankshares from an “outperform” rating to a “market perform” rating in a research report on Monday, October 24th. Raymond James Financial Inc. downgraded WashingtonFirst Bankshares from an “outperform” rating to a “market perform” rating in a research report on Monday, October 24th. Finally, Citigroup Inc. downgraded WashingtonFirst Bankshares to a “market perform” rating in a research report on Monday, October 24th. They noted that the move was a valuation call.
Several institutional investors have recently added to or reduced their stakes in WFBI. Price T Rowe Associates Inc. MD boosted its position in WashingtonFirst Bankshares by 4.1% in the third quarter. Price T Rowe Associates Inc. MD now owns 477,432 shares of the company’s stock worth $11,750,000 after buying an additional 18,862 shares during the period. The Manufacturers Life Insurance Company bought a new position in WashingtonFirst Bankshares during the third quarter worth about $192,000. Morgan Stanley boosted its position in WashingtonFirst Bankshares by 15.0% in the third quarter. Morgan Stanley now owns 12,296 shares of the company’s stock worth $303,000 after buying an additional 1,607 shares during the period. California State Teachers Retirement System boosted its position in WashingtonFirst Bankshares by 1.2% in the third quarter. California State Teachers Retirement System now owns 17,152 shares of the company’s stock worth $422,000 after buying an additional 200 shares during the period. Finally, BlackRock Institutional Trust Company N.A. boosted its position in WashingtonFirst Bankshares by 4.8% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 58,698 shares of the company’s stock worth $1,445,000 after buying an additional 2,683 shares during the period. 48.11% of the stock is currently owned by 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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