Evermay Wealth Management LLC increased its position in shares of WashingtonFirst Bankshares Inc (NASDAQ:WFBI) by 4.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 45,461 shares of the bank’s stock after buying an additional 1,746 shares during the period. WashingtonFirst Bankshares accounts for 0.7% of Evermay Wealth Management LLC’s portfolio, making the stock its 17th largest position. Evermay Wealth Management LLC’s holdings in WashingtonFirst Bankshares were worth $1,570,000 at the end of the most recent reporting period.
Other large investors also recently bought and sold shares of the company. Chicago Capital Management LLC acquired a new position in shares of WashingtonFirst Bankshares during the second quarter worth approximately $121,000. American International Group Inc. increased its position in shares of WashingtonFirst Bankshares by 6.8% in the first quarter. American International Group Inc. now owns 5,213 shares of the bank’s stock worth $146,000 after buying an additional 333 shares in the last quarter. Metropolitan Life Insurance Co. NY increased its position in shares of WashingtonFirst Bankshares by 5.0% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 6,869 shares of the bank’s stock worth $199,000 after buying an additional 327 shares in the last quarter. Bronfman E.L. Rothschild L.P. increased its position in shares of WashingtonFirst Bankshares by 0.9% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 7,092 shares of the bank’s stock worth $199,000 after buying an additional 64 shares in the last quarter. Finally, Spark Investment Management LLC increased its position in shares of WashingtonFirst Bankshares by 3.9% in the first quarter. Spark Investment Management LLC now owns 8,948 shares of the bank’s stock worth $250,000 after buying an additional 338 shares in the last quarter. Institutional investors and hedge funds own 45.24% of the company’s stock.
WashingtonFirst Bankshares Inc (WFBI) opened at 33.26 on Thursday. The company has a 50-day moving average price of $34.11 and a 200-day moving average price of $30.47. The stock has a market cap of $434.94 million, a P/E ratio of 22.63 and a beta of 0.13. WashingtonFirst Bankshares Inc has a one year low of $22.20 and a one year high of $36.16.
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A number of brokerages recently commented on WFBI. BidaskClub raised WashingtonFirst Bankshares from a “sell” rating to a “hold” rating in a report on Thursday, August 3rd. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $28.00 price target on shares of WashingtonFirst Bankshares in a report on Tuesday, April 25th. Finally, Zacks Investment Research raised WashingtonFirst Bankshares from a “sell” rating to a “hold” rating in a report on Wednesday, June 28th. Five investment analysts have rated the stock with a hold rating, WashingtonFirst Bankshares presently has a consensus rating of “Hold” and an average target price of $28.00.
WashingtonFirst Bankshares Company 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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