WashingtonFirst Bankshares Inc (WFBI) President Sells $236,110.00 in Stock

WashingtonFirst Bankshares Inc (NASDAQ:WFBI) President George W. Iv Connors sold 7,000 shares of WashingtonFirst Bankshares stock in a transaction that occurred on Thursday, December 14th. The shares were sold at an average price of $33.73, for a total value of $236,110.00. Following the completion of the transaction, the president now owns 82,783 shares of the company’s stock, valued at $2,792,270.59. The sale 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 $34.27 on Thursday. The company has a quick ratio of 0.98, a current ratio of 1.00 and a debt-to-equity ratio of 0.66. WashingtonFirst Bankshares Inc has a 52 week low of $26.22 and a 52 week high of $37.19. The company has a market capitalization of $430.45, a P/E ratio of 22.45 and a beta of 0.11.

WashingtonFirst Bankshares (NASDAQ:WFBI) last issued its earnings results on Thursday, October 19th. The bank reported $0.41 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.41. The company had revenue of $23.40 million during the quarter, compared to the consensus estimate of $24.98 million. WashingtonFirst Bankshares had a return on equity of 18.37% and a net margin of 19.00%. equities research analysts predict that WashingtonFirst Bankshares Inc will post 1.57 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 24th. Stockholders of record on Monday, November 20th were given a dividend of $0.07 per share. The ex-dividend date of this dividend was Friday, November 17th. This represents a $0.28 annualized dividend and a dividend yield of 0.82%. WashingtonFirst Bankshares’s dividend payout ratio is presently 9.27%.

Separately, BidaskClub downgraded WashingtonFirst Bankshares from a “hold” rating to a “sell” rating in a research note on Tuesday, December 12th.

Several hedge funds and other institutional investors have recently modified their holdings of the company. California Public Employees Retirement System boosted its position in shares of WashingtonFirst Bankshares by 25.0% during the third quarter. California Public Employees Retirement System now owns 11,605 shares of the bank’s stock worth $413,000 after buying an additional 2,324 shares during the period. Magnetar Financial LLC boosted its position in shares of WashingtonFirst Bankshares by 20.9% during the third quarter. Magnetar Financial LLC now owns 224,324 shares of the bank’s stock worth $7,984,000 after buying an additional 38,824 shares during the period. Citadel Advisors LLC acquired a new position in shares of WashingtonFirst Bankshares during the third quarter worth approximately $224,000. Bank of New York Mellon Corp boosted its position in shares of WashingtonFirst Bankshares by 4.8% during the third quarter. Bank of New York Mellon Corp now owns 70,727 shares of the bank’s stock worth $2,517,000 after buying an additional 3,260 shares during the period. Finally, Context BH Capital Management LP boosted its position in shares of WashingtonFirst Bankshares by 39.2% during the third quarter. Context BH Capital Management LP now owns 329,375 shares of the bank’s stock worth $11,722,000 after buying an additional 92,735 shares during the period. Institutional investors and hedge funds own 55.88% of the company’s stock.

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WashingtonFirst Bankshares Company Profile

WashingtonFirst Bankshares, Inc is a bank holding company. The Company, through its subsidiary, WashingtonFirst Bank (the Bank), operates banking offices throughout the Washington, DC metropolitan area. The Company’s segments include Commercial Bank, Mortgage Bank, Wealth Management and Other. In addition, the Company provides wealth management services through its subsidiary, 1st Portfolio, Inc (Wealth Advisors), located in Fairfax, Virginia, and mortgage banking services through the Bank’s subsidiary, WashingtonFirst Mortgage Corporation, which operates in two locations: Fairfax, Virginia and Rockville, Maryland.

Insider Buying and Selling by Quarter for WashingtonFirst Bankshares (NASDAQ:WFBI)

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