The Manufacturers Life Insurance Company increased its holdings in WashingtonFirst Bankshares Inc (NASDAQ:WFBI) by 13.7% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 9,035 shares of the bank’s stock after purchasing an additional 1,086 shares during the quarter. The Manufacturers Life Insurance Company owned 0.07% of WashingtonFirst Bankshares worth $312,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other large investors have also modified their holdings of WFBI. Tudor Investment Corp ET AL purchased a new position in shares of WashingtonFirst Bankshares in the second quarter valued at about $9,477,000. Context BH Capital Management LP increased its position in shares of WashingtonFirst Bankshares by 925.9% in the second quarter. Context BH Capital Management LP now owns 236,640 shares of the bank’s stock valued at $8,171,000 after acquiring an additional 213,574 shares during the period. Bronfman E.L. Rothschild L.P. increased its position in shares of WashingtonFirst Bankshares by 1,194.6% in the second quarter. Bronfman E.L. Rothschild L.P. now owns 91,814 shares of the bank’s stock valued at $3,170,000 after acquiring an additional 84,722 shares during the period. Vanguard Group Inc. increased its position in shares of WashingtonFirst Bankshares by 18.1% in the second quarter. Vanguard Group Inc. now owns 372,580 shares of the bank’s stock valued at $12,865,000 after acquiring an additional 57,035 shares during the period. Finally, OMERS ADMINISTRATION Corp purchased a new position in shares of WashingtonFirst Bankshares in the second quarter valued at about $1,554,000. Institutional investors own 55.94% of the company’s stock.
WashingtonFirst Bankshares Inc (NASDAQ:WFBI) opened at $34.26 on Monday. WashingtonFirst Bankshares Inc has a 52-week low of $26.22 and a 52-week high of $37.19. The stock has a market cap of $429.32, a PE ratio of 22.39 and a beta of 0.11. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.00 and a quick ratio of 0.98.
The company also recently disclosed a quarterly dividend, which was paid on Friday, November 24th. Shareholders of record on Monday, November 20th were given a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.82%. The ex-dividend date was Friday, November 17th. WashingtonFirst Bankshares’s payout ratio is 13.91%.
In other news, CFO Matthew R. Johnson sold 2,503 shares of WashingtonFirst Bankshares stock in a transaction dated Friday, September 15th. The shares were sold at an average price of $33.50, for a total transaction of $83,850.50. Following the sale, the chief financial officer now owns 67,055 shares of the company’s stock, valued at approximately $2,246,342.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director James P. Muldoon sold 2,500 shares of WashingtonFirst Bankshares stock in a transaction dated Wednesday, November 29th. The shares were sold at an average price of $34.76, for a total transaction of $86,900.00. The disclosure for this sale can be found here. Insiders sold 5,559 shares of company stock worth $189,477 in the last 90 days. Corporate insiders own 20.70% of the company’s stock.
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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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