WashingtonFirst Bankshares Inc. (NASDAQ:WFBI) Director Madhu K. Mohan purchased 3,197 shares of the business’s stock in a transaction on Wednesday, November 23rd. The shares were purchased at an average price of $27.20 per share, with a total value of $86,958.40. Following the completion of the purchase, the director now owns 35,833 shares in the company, valued at $974,657.60. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.
WashingtonFirst Bankshares Inc. (NASDAQ:WFBI) opened at 27.57 on Tuesday. The stock has a market capitalization of $337.93 million, a PE ratio of 19.98 and a beta of 0.10. WashingtonFirst Bankshares Inc. has a 52-week low of $19.50 and a 52-week high of $27.89. The stock’s 50 day moving average price is $24.98 and its 200-day moving average price is $23.51.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 3rd. Investors of record on Tuesday, December 13th will be paid a dividend of $0.07 per share. This is a boost from WashingtonFirst Bankshares’s previous quarterly dividend of $0.06. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.04%. The ex-dividend date is Friday, December 9th. WashingtonFirst Bankshares’s dividend payout ratio is 17.39%.
Several large investors have recently modified their holdings of WFBI. Bank of New York Mellon Corp bought a new stake in shares of WashingtonFirst Bankshares during the second quarter worth $334,000. California State Teachers Retirement System acquired a new stake in WashingtonFirst Bankshares during the second quarter worth approximately $366,000. Emerald Acquisition Ltd. acquired a new stake in WashingtonFirst Bankshares during the second quarter worth approximately $494,000. Wellington Management Group LLP boosted 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. Finally, Schwab Charles Investment Management Inc. acquired a new stake in WashingtonFirst Bankshares during the second quarter worth approximately $260,000. Hedge funds and other institutional investors own 48.11% of the company’s stock.
A number of equities research analysts have issued reports on the company. Zacks Investment Research downgraded WashingtonFirst Bankshares from a “buy” rating to a “hold” rating in a research note on Tuesday, September 13th. Keefe, Bruyette & Woods downgraded WashingtonFirst Bankshares from an “outperform” rating to a “market perform” rating in a research note on Monday, October 24th. Raymond James Financial Inc. downgraded WashingtonFirst Bankshares from an “outperform” rating to a “market perform” rating in a research note on Monday, October 24th. Finally, Citigroup Inc. downgraded WashingtonFirst Bankshares to a “market perform” rating in a research note on Monday, October 24th. They noted that the move was a valuation call.
WashingtonFirst Bankshares Company Profile