Spark Investment Management LLC continued to hold its stake in WashingtonFirst Bankshares Inc (NASDAQ:WFBI) during the second quarter, Holdings Channel reports. The institutional investor owned 8,948 shares of the bank’s stock at the end of the second quarter. Spark Investment Management LLC’s holdings in WashingtonFirst Bankshares were worth $308,000 as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of the stock. Dimensional Fund Advisors LP raised its stake in WashingtonFirst Bankshares by 41.2% in the first quarter. Dimensional Fund Advisors LP now owns 48,531 shares of the bank’s stock valued at $1,359,000 after buying an additional 14,156 shares during the period. Geode Capital Management LLC raised its stake in WashingtonFirst Bankshares by 6.5% in the first quarter. Geode Capital Management LLC now owns 61,124 shares of the bank’s stock valued at $1,711,000 after buying an additional 3,754 shares during the period. Vanguard Group Inc. raised its stake in WashingtonFirst Bankshares by 21.5% in the first quarter. Vanguard Group Inc. now owns 315,545 shares of the bank’s stock valued at $8,835,000 after buying an additional 55,834 shares during the period. Algebris Investments UK LLP acquired a new stake in WashingtonFirst Bankshares during the first quarter valued at about $476,000. Finally, American International Group Inc. raised its stake in 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 buying an additional 333 shares during the period. 46.00% of the stock is currently owned by institutional investors.

Shares of WashingtonFirst Bankshares Inc (NASDAQ WFBI) opened at 33.44 on Tuesday. The company has a market cap of $437.29 million, a price-to-earnings ratio of 22.75 and a beta of 0.13. WashingtonFirst Bankshares Inc has a 52-week low of $22.20 and a 52-week high of $36.16. The stock has a 50 day moving average of $34.05 and a 200 day moving average of $30.59.

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Several analysts have recently issued reports on the stock. BidaskClub lowered shares of WashingtonFirst Bankshares from a “hold” rating to a “sell” rating in a research report on Friday, July 28th. Zacks Investment Research raised shares of WashingtonFirst Bankshares from a “sell” rating to a “hold” rating in a research report on Wednesday, June 28th. Finally, Keefe, Bruyette & Woods reissued a “hold” rating and issued a $28.00 price target on shares of WashingtonFirst Bankshares in a research report on Tuesday, April 25th. Five analysts have rated the stock with a hold rating, The company presently has an average rating of “Hold” and an average price target of $28.00.

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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Institutional Ownership by Quarter for WashingtonFirst Bankshares (NASDAQ:WFBI)

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