California State Teachers Retirement System acquired a new stake in WashingtonFirst Bankshares Inc. (NASDAQ:WFBI) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 16,952 shares of the company’s stock, valued at approximately $366,000. California State Teachers Retirement System owned about 0.14% of WashingtonFirst Bankshares as of its most recent filing with the SEC.
Other large investors also recently added to or reduced their stakes in the company. Geode Capital Management LLC raised its stake in WashingtonFirst Bankshares by 21.3% in the first quarter. Geode Capital Management LLC now owns 12,040 shares of the company’s stock valued at $263,000 after buying an additional 2,118 shares in the last quarter. Bank of New York Mellon Corp acquired a new position in shares of WashingtonFirst Bankshares during the second quarter worth about $334,000. UBS Group AG acquired a new position in shares of WashingtonFirst Bankshares during the first quarter worth about $715,000. Creative Planning raised its position in shares of WashingtonFirst Bankshares by 4.2% in the second quarter. Creative Planning now owns 95,397 shares of the company’s stock worth $2,062,000 after buying an additional 3,834 shares during the period. Finally, Wellington Management Group LLP raised its position in shares of WashingtonFirst Bankshares by 2.8% in the first quarter. Wellington Management Group LLP now owns 913,567 shares of the company’s stock worth $19,961,000 after buying an additional 24,500 shares during the period. Institutional investors and hedge funds own 48.63% of the company’s stock.
Shares of WashingtonFirst Bankshares Inc. (NASDAQ:WFBI) traded down 0.41% on Friday, reaching $24.06. The company’s stock had a trading volume of 1,712 shares. The company has a 50 day moving average of $24.54 and a 200 day moving average of $22.91. The stock has a market capitalization of $294.78 million, a P/E ratio of 18.64 and a beta of 0.08. WashingtonFirst Bankshares Inc. has a 1-year low of $18.00 and a 1-year high of $25.46.
WashingtonFirst Bankshares (NASDAQ:WFBI) last released its quarterly earnings results on Thursday, July 21st. The company reported $0.35 EPS for the quarter, topping the consensus estimate of $0.32 by $0.03. WashingtonFirst Bankshares had a return on equity of 8.62% and a net margin of 16.81%. Equities research analysts expect that WashingtonFirst Bankshares Inc. will post $1.37 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Monday, October 3rd. Shareholders of record on Monday, September 12th were given a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 1.00%. The ex-dividend date of this dividend was Thursday, September 8th. WashingtonFirst Bankshares’s dividend payout ratio (DPR) is 18.46%.
A number of research analysts have recently issued reports on the company. Zacks Investment Research lowered WashingtonFirst Bankshares from a “buy” rating to a “hold” rating in a research report on Tuesday, September 13th. Raymond James Financial Inc. lowered WashingtonFirst Bankshares from an “outperform” rating to a “market perform” rating in a research report on Friday, October 7th.
In other news, Director Caren D. Merrick purchased 4,065 shares of the business’s stock in a transaction on Monday, August 22nd. The shares were bought at an average price of $23.98 per share, with a total value of $97,478.70. Following the completion of the transaction, the director now directly owns 2,960 shares in the company, valued at approximately $70,980.80. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 22.86% 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 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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