Todays Report: Today: WashingtonFirst Bankshares Inc. (WFBI) Director Buys $86,958.40 in Stock

Today: WashingtonFirst Bankshares Inc. (WFBI) Director Buys $86,958.40 in Stock

WashingtonFirst Bankshares Inc. (NASDAQ:WFBI) Director Madhu K. Mohan purchased 3,197 shares of the company’s stock in a transaction on Wednesday, November 23rd. The shares were bought at an average cost of $27.20 per share, with a total value of $86,958.40. Following the transaction, the director now directly owns 35,833 shares of the company’s stock, valued at approximately $974,657.60. The acquisition was disclosed in a filing with the SEC, which is accessible through this link.

Shares of WashingtonFirst Bankshares Inc. (NASDAQ:WFBI) traded up 2.15% during midday trading on Monday, hitting $27.57. The stock had a trading volume of 15,676 shares. The company’s 50-day moving average price is $24.87 and its 200-day moving average price is $23.44. WashingtonFirst Bankshares Inc. has a 12-month low of $19.50 and a 12-month high of $27.89. The firm has a market cap of $337.93 million, a price-to-earnings ratio of 19.98 and a beta of 0.10.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 3rd. Shareholders of record on Tuesday, December 13th will be given a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a yield of 1.04%. This is an increase from WashingtonFirst Bankshares’s previous quarterly dividend of $0.06. The ex-dividend date is Friday, December 9th. WashingtonFirst Bankshares’s dividend payout ratio is 17.39%.

Several research firms have weighed in on WFBI. Zacks Investment Research raised WashingtonFirst Bankshares from a “hold” rating to a “strong-buy” rating and set a $28.00 price target for the company in a research report on Wednesday, October 26th. Raymond James Financial Inc. downgraded WashingtonFirst Bankshares from an “outperform” rating to a “market perform” rating in a research report on Monday, October 24th. 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. Finally, Keefe, Bruyette & Woods downgraded WashingtonFirst Bankshares from an “outperform” rating to a “market perform” rating in a research report on Monday, October 24th.

A number of large investors have recently added to or reduced their stakes in WFBI. Wellington Management Group LLP increased its stake in WashingtonFirst Bankshares by 2.8% in the first quarter. Wellington Management Group LLP now owns 913,567 shares of the company’s stock worth $19,961,000 after buying an additional 24,500 shares during the period. Price T Rowe Associates Inc. MD increased its stake 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. BlackRock Fund Advisors increased its stake in WashingtonFirst Bankshares by 8.2% in the third quarter. BlackRock Fund Advisors now owns 237,406 shares of the company’s stock worth $5,843,000 after buying an additional 17,978 shares during the period. Banc Funds Co. LLC increased 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 worth $5,120,000 after buying an additional 86,631 shares during the period. Finally, RMB Capital Management LLC increased its stake in WashingtonFirst Bankshares by 85.4% in the third quarter. RMB Capital Management LLC now owns 218,853 shares of the company’s stock worth $5,386,000 after buying an additional 100,838 shares during the period. Hedge funds and other institutional investors own 48.11% of the company’s stock.

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