California State Teachers Retirement System increased its position in WashingtonFirst Bankshares Inc (NASDAQ:WFBI) by 202.5% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 51,684 shares of the bank’s stock after purchasing an additional 34,600 shares during the quarter. California State Teachers Retirement System owned 0.40% of WashingtonFirst Bankshares worth $1,785,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds have also recently made changes to their positions in WFBI. American International Group Inc. boosted its stake in shares of WashingtonFirst Bankshares by 6.8% in the first quarter. American International Group Inc. now owns 5,213 shares of the bank’s stock valued at $146,000 after purchasing an additional 333 shares during the period. Virtu KCG Holdings LLC purchased a new position in shares of WashingtonFirst Bankshares in the second quarter valued at $259,000. The Manufacturers Life Insurance Company boosted its stake in shares of WashingtonFirst Bankshares by 13.7% in the second quarter. The Manufacturers Life Insurance Company now owns 9,035 shares of the bank’s stock valued at $312,000 after purchasing an additional 1,086 shares during the period. California Public Employees Retirement System purchased a new position in shares of WashingtonFirst Bankshares in the second quarter valued at $320,000. Finally, Kassirer Asset Management Corp purchased a new position in shares of WashingtonFirst Bankshares in the second quarter valued at $333,000. Institutional investors and hedge funds own 55.10% of the company’s stock.
Separately, BidaskClub downgraded shares of WashingtonFirst Bankshares from a “hold” rating to a “sell” rating in a research note on Friday, July 28th.
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WashingtonFirst Bankshares Inc (NASDAQ:WFBI) opened at $33.93 on Friday. The firm has a market cap of $421.80, a price-to-earnings ratio of 22.00 and a beta of 0.13. 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 $25.86 and a 52 week high of $37.19.
WashingtonFirst Bankshares (NASDAQ:WFBI) last announced its earnings results on Thursday, October 19th. The bank reported $0.41 earnings per share for the quarter, meeting the consensus estimate of $0.41. The business had revenue of $23.40 million during the quarter, compared to the consensus estimate of $24.98 million. WashingtonFirst Bankshares had a net margin of 19.00% and a return on equity of 18.37%. analysts anticipate that WashingtonFirst Bankshares Inc will post 1.57 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 24th. Shareholders of record on Monday, November 20th will be paid a dividend of $0.07 per share. The ex-dividend date is Friday, November 17th. This represents a $0.28 dividend on an annualized basis and a yield of 0.83%. WashingtonFirst Bankshares’s dividend payout ratio (DPR) is 13.91%.
WashingtonFirst Bankshares 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.
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