Alliancebernstein L.P. increased its stake in shares of WashingtonFirst Bankshares Inc (NASDAQ:WFBI) by 0.2% during the first quarter, Holdings Channel reports. The fund owned 62,595 shares of the bank’s stock after buying an additional 100 shares during the period. Alliancebernstein L.P.’s holdings in WashingtonFirst Bankshares were worth $1,753,000 as of its most recent SEC filing.
A number of other hedge funds also recently added to or reduced their stakes in the stock. Castle Creek Capital Partners IV LP raised its stake in WashingtonFirst Bankshares by 4,558.1% in the first quarter. Castle Creek Capital Partners IV LP now owns 489,377 shares of the bank’s stock valued at $13,703,000 after buying an additional 478,871 shares during the last quarter. State Street Corp raised its stake in WashingtonFirst Bankshares by 32.9% in the fourth quarter. State Street Corp now owns 129,245 shares of the bank’s stock valued at $3,745,000 after buying an additional 32,020 shares during the last quarter. Renaissance Technologies LLC bought a new stake in WashingtonFirst Bankshares during the fourth quarter valued at $2,427,000. Dimensional Fund Advisors LP raised its stake in WashingtonFirst Bankshares by 22.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 34,375 shares of the bank’s stock valued at $996,000 after buying an additional 6,378 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its stake in WashingtonFirst Bankshares by 1.1% in the first quarter. Bank of New York Mellon Corp now owns 27,705 shares of the bank’s stock valued at $775,000 after buying an additional 293 shares during the last quarter. Institutional investors own 53.98% of the company’s stock.
WashingtonFirst Bankshares Inc (NASDAQ WFBI) opened at 34.27 on Friday. The company has a market cap of $446.23 million, a P/E ratio of 24.30 and a beta of 0.14. The firm has a 50-day moving average price of $33.92 and a 200 day moving average price of $29.91. WashingtonFirst Bankshares Inc has a 12 month low of $21.43 and a 12 month high of $36.16.
The business also recently disclosed a quarterly dividend, which was paid on Monday, July 3rd. Investors of record on Monday, June 12th were given a dividend of $0.07 per share. The ex-dividend date of this dividend was Thursday, June 8th. This represents a $0.28 dividend on an annualized basis and a yield of 0.82%. WashingtonFirst Bankshares’s payout ratio is 19.93%.
Several analysts recently weighed in on WFBI shares. Zacks Investment Research lowered WashingtonFirst Bankshares from a “buy” rating to a “hold” rating in a report on Thursday, March 30th. Keefe, Bruyette & Woods restated a “hold” rating and set a $28.00 price target on shares of WashingtonFirst Bankshares in a report on Tuesday, April 25th.
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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