WashingtonFirst Bankshares Inc. (NASDAQ:WFBI) was downgraded by equities research analysts at Raymond James Financial Inc. from an “outperform” rating to a “market perform” rating in a research report issued on Friday.
Separately, Zacks Investment Research upgraded WashingtonFirst Bankshares from a “hold” rating to a “buy” rating and set a $28.00 price objective on the stock in a research report on Friday, September 2nd.
Shares of WashingtonFirst Bankshares (NASDAQ:WFBI) opened at 23.73 on Friday. The firm has a 50 day moving average price of $24.53 and a 200 day moving average price of $22.82. The stock has a market capitalization of $290.74 million, a PE ratio of 18.38 and a beta of 0.08. WashingtonFirst Bankshares has a one year low of $18.00 and a one year high of $25.46.
WashingtonFirst Bankshares (NASDAQ:WFBI) last released its earnings results on Thursday, July 21st. The company reported $0.35 earnings per share for the quarter, beating the 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%. Analysts predict that WashingtonFirst Bankshares will post $1.37 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Monday, October 3rd. Investors of record on Monday, September 12th were given a dividend of $0.06 per share. The ex-dividend date was Thursday, September 8th. This represents a $0.24 dividend on an annualized basis and a yield of 1.01%. WashingtonFirst Bankshares’s payout ratio is 18.46%.
In related news, Director Caren D. Merrick acquired 4,065 shares of WashingtonFirst Bankshares stock in a transaction that occurred on 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 transaction, the director now owns 2,960 shares in the company, valued at approximately $70,980.80. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 22.86% of the company’s stock.
A number of large investors have recently bought and sold shares of WFBI. BlackRock Fund Advisors boosted its stake in WashingtonFirst Bankshares by 15,053.9% in the second quarter. BlackRock Fund Advisors now owns 219,428 shares of the company’s stock valued at $4,742,000 after buying an additional 217,980 shares during the period. Maltese Capital Management LLC acquired a new stake in WashingtonFirst Bankshares during the fourth quarter valued at about $3,962,000. Creative Planning acquired a new stake in WashingtonFirst Bankshares during the first quarter valued at about $2,001,000. Banc Funds Co. LLC boosted its stake in 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 period. Finally, State Street Corp acquired a new stake in WashingtonFirst Bankshares during the second quarter valued at about $1,792,000. 48.63% of the stock is owned by institutional investors.
About WashingtonFirst Bankshares