Zacks: WashingtonFirst Bankshares Inc. (NASDAQ:WFBI) Given $24.00 Consensus Target Price by Analysts
Shares of WashingtonFirst Bankshares Inc. (NASDAQ:WFBI) have received a consensus broker rating score of 2.00 (Buy) from the two brokers that provide coverage for the company, Zacks Investment Research reports. Two equities research analysts have rated the stock with a buy recommendation.
Brokers have set a twelve-month consensus price objective of $24.00 for the company and are forecasting that the company will post $0.37 EPS for the current quarter, according to Zacks. Zacks has also assigned WashingtonFirst Bankshares an industry rank of 102 out of 265 based on the ratings given to related companies.
Separately, Zacks Investment Research cut shares of WashingtonFirst Bankshares from a “buy” rating to a “hold” rating in a report on Tuesday, September 13th.
WashingtonFirst Bankshares (NASDAQ:WFBI) traded up 0.20% on Wednesday, hitting $24.92. 2,887 shares of the stock were exchanged. WashingtonFirst Bankshares has a one year low of $17.96 and a one year high of $25.46. The stock has a market capitalization of $305.32 million, a P/E ratio of 19.30 and a beta of 0.07. The company has a 50 day moving average of $24.36 and a 200 day moving average of $22.51.
WashingtonFirst Bankshares (NASDAQ:WFBI) last issued its quarterly earnings data on Thursday, July 21st. The company reported $0.35 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.32 by $0.03. WashingtonFirst Bankshares had a net margin of 16.81% and a return on equity of 8.62%. On average, equities research analysts forecast that WashingtonFirst Bankshares will post $1.37 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Monday, October 3rd. Stockholders of record on Monday, September 12th will be issued a $0.06 dividend. This represents a $0.24 annualized dividend and a dividend yield of 0.97%. The ex-dividend date of this dividend is Thursday, September 8th. WashingtonFirst Bankshares’s dividend payout ratio (DPR) is presently 18.46%.
In related news, Director Caren D. Merrick purchased 4,065 shares of WashingtonFirst Bankshares stock in a transaction dated Monday, August 22nd. The stock was bought at an average price of $23.98 per share, for a total transaction of $97,478.70. Following the completion of the acquisition, the director now directly owns 2,960 shares of the company’s stock, valued at $70,980.80. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. 22.86% of the stock is currently owned by insiders.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Schwab Charles Investment Management Inc. bought a new position in WashingtonFirst Bankshares during the second quarter valued at $260,000. Banc Funds Co. LLC raised its stake in shares of WashingtonFirst Bankshares by 57.6% in the second quarter. Banc Funds Co. LLC now owns 236,930 shares of the company’s stock worth $5,120,000 after buying an additional 86,631 shares in the last quarter. State Street Corp acquired a new stake in shares of WashingtonFirst Bankshares during the second quarter worth approximately $1,792,000. Maltese Capital Management LLC raised its stake in shares of WashingtonFirst Bankshares by 11.4% in the second quarter. Maltese Capital Management LLC now owns 195,000 shares of the company’s stock worth $4,214,000 after buying an additional 20,000 shares in the last quarter. Finally, Teachers Advisors Inc. acquired a new stake in shares of WashingtonFirst Bankshares during the second quarter worth approximately $276,000. Institutional investors own 48.63% of the company’s stock.
WashingtonFirst Bankshares Company Profile
WashingtonFirst Bankshares, Inc is a bank holding company. The Company, through its subsidiary, WashingtonFirst Bank (the Bank), operates approximately 20 banking offices throughout the Washington, District of Columbia (DC) metropolitan area. The Company’s segments include traditional commercial banking, a mortgage banking business and a wealth management business.
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