Alliancebernstein L.P. lessened its stake in shares of WashingtonFirst Bankshares Inc (NASDAQ:WFBI) by 8.8% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 57,072 shares of the bank’s stock after selling 5,523 shares during the quarter. Alliancebernstein L.P. owned about 0.44% of WashingtonFirst Bankshares worth $1,971,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Wells Fargo & Company MN lifted its stake in shares of WashingtonFirst Bankshares by 5.6% in the 2nd quarter. Wells Fargo & Company MN now owns 15,293 shares of the bank’s stock worth $528,000 after purchasing an additional 809 shares during the period. Bronfman E.L. Rothschild L.P. lifted its stake in shares of WashingtonFirst Bankshares by 1,194.6% in the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 91,814 shares of the bank’s stock worth $3,170,000 after purchasing an additional 84,722 shares during the period. OMERS ADMINISTRATION Corp bought a new position in shares of WashingtonFirst Bankshares in the 2nd quarter worth approximately $1,554,000. GAM Holding AG bought a new position in shares of WashingtonFirst Bankshares in the 2nd quarter worth approximately $423,000. Finally, Bank of New York Mellon Corp lifted its stake in shares of WashingtonFirst Bankshares by 143.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 67,467 shares of the bank’s stock worth $2,330,000 after purchasing an additional 39,762 shares during the period. 54.38% of the stock is currently owned by hedge funds and other institutional investors.
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Shares of WashingtonFirst Bankshares Inc (NASDAQ:WFBI) opened at 35.50 on Friday. WashingtonFirst Bankshares Inc has a 1-year low of $22.86 and a 1-year high of $37.19. The firm’s 50-day moving average is $35.19 and its 200-day moving average is $33.06. The company has a market cap of $464.38 million, a PE ratio of 24.15 and a beta of 0.14.
WashingtonFirst Bankshares (NASDAQ:WFBI) last released its earnings results on Thursday, October 19th. The bank reported $0.41 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.41. The firm had revenue of $23.40 million during the quarter, compared to analyst estimates of $24.98 million. WashingtonFirst Bankshares had a return on equity of 25.98% and a net margin of 19.00%. On average, equities analysts forecast that WashingtonFirst Bankshares Inc will post $1.55 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Monday, October 2nd. Investors of record on Monday, September 11th were paid a $0.07 dividend. The ex-dividend date was Friday, September 8th. This represents a $0.28 annualized dividend and a yield of 0.79%. WashingtonFirst Bankshares’s payout ratio is currently 18.54%.
Separately, BidaskClub upgraded shares of WashingtonFirst Bankshares from a “sell” rating to a “hold” rating in a research note on Thursday, August 3rd.
In related news, CFO Matthew R. Johnson sold 2,503 shares of the company’s stock in a transaction on Friday, September 15th. The stock was sold at an average price of $33.50, for a total value of $83,850.50. Following the completion of the transaction, the chief financial officer now directly owns 67,055 shares in the company, valued at $2,246,342.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 20.70% of the company’s stock.
About WashingtonFirst Bankshares
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.
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