Analysts Expect WashingtonFirst Bankshares, Inc. (WFBI) Will Post Earnings of $0.44 Per Share

Wall Street brokerages expect WashingtonFirst Bankshares, Inc. (NASDAQ:WFBI) to post earnings per share of $0.44 for the current quarter, Zacks Investment Research reports. Zero analysts have made estimates for WashingtonFirst Bankshares’ earnings. WashingtonFirst Bankshares posted earnings per share of $0.36 in the same quarter last year, which would suggest a positive year over year growth rate of 22.2%. The company is scheduled to report its next quarterly earnings report on Thursday, January 25th.

According to Zacks, analysts expect that WashingtonFirst Bankshares will report full year earnings of $1.57 per share for the current financial year. For the next year, analysts anticipate that the firm will report earnings of $1.70 per share. Zacks’ EPS calculations are an average based on a survey of research firms that that provide coverage for WashingtonFirst Bankshares.

WashingtonFirst Bankshares (NASDAQ:WFBI) last issued its quarterly earnings data on Thursday, October 19th. The bank reported $0.41 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.41. The firm 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 10.83% and a net margin of 23.79%.

Separately, BidaskClub cut WashingtonFirst Bankshares from a “hold” rating to a “sell” rating in a report on Friday, July 28th.

Shares of WashingtonFirst Bankshares (NASDAQ WFBI) traded down $0.02 during trading hours on Friday, hitting $33.83. The company had a trading volume of 27,700 shares, compared to its average volume of 33,508. The company has a quick ratio of 0.98, a current ratio of 1.00 and a debt-to-equity ratio of 0.66. The firm has a market cap of $423.94, a P/E ratio of 22.12 and a beta of 0.17. WashingtonFirst Bankshares has a 1 year low of $25.94 and a 1 year high of $37.19.

The company also recently announced a quarterly dividend, which will be paid on Friday, November 24th. Investors of record on Monday, November 20th will be issued a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a yield of 0.83%. The ex-dividend date is Friday, November 17th. WashingtonFirst Bankshares’s dividend payout ratio (DPR) is 13.91%.

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In related news, CFO Matthew R. Johnson sold 2,503 shares of the firm’s stock in a transaction dated Friday, September 15th. The stock was sold at an average price of $33.50, for a total transaction 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 approximately $2,246,342.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 20.70% of the company’s stock.

A number of institutional investors have recently made changes to their positions in the stock. California Public Employees Retirement System boosted its holdings in WashingtonFirst Bankshares by 25.0% during the 3rd quarter. California Public Employees Retirement System now owns 11,605 shares of the bank’s stock valued at $413,000 after acquiring an additional 2,324 shares during the period. Magnetar Financial LLC boosted its holdings in WashingtonFirst Bankshares by 20.9% during the 3rd quarter. Magnetar Financial LLC now owns 224,324 shares of the bank’s stock valued at $7,984,000 after acquiring an additional 38,824 shares during the period. Citadel Advisors LLC purchased a new position in WashingtonFirst Bankshares during the 3rd quarter valued at about $224,000. Bank of New York Mellon Corp boosted its holdings in WashingtonFirst Bankshares by 4.8% during the 3rd quarter. Bank of New York Mellon Corp now owns 70,727 shares of the bank’s stock valued at $2,517,000 after acquiring an additional 3,260 shares during the period. Finally, Context BH Capital Management LP boosted its holdings in WashingtonFirst Bankshares by 39.2% during the 3rd quarter. Context BH Capital Management LP now owns 329,375 shares of the bank’s stock valued at $11,722,000 after acquiring an additional 92,735 shares during the period. Institutional investors own 54.76% 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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