November 28, 2016 - By Winifred Garcia
Madhu Mohan, director of Washingtonfirst Bankshares Inc is the insider, our financial writers want to tell you for. Mr. Madhu submitted a legal report with the Washington-based Security and Exchange Commission disclosing a deal for 3,197 shares of the Pinksheet-listed company, the one he is an insider in. At the time of the dealing, the average share price of Washingtonfirst Bankshares Inc was $27.2, making the insider deal worth $86,958 U.S Dollars. This is not his first insider trade, in the last 30 days, he obtained another 198 shares worth $5,158 USD. Presently, Madhu Mohan owns a total of 281,069 shares or 2.27% of the company’s total market cap.
Out of 2 analysts covering WashingtonFirst Bankshares (NASDAQ:WFBI), 0 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 0 are positive. WashingtonFirst Bankshares has been the topic of 3 analyst reports since December 14, 2015 according to StockzIntelligence Inc. The rating was downgraded by Raymond James to “Mkt Perform” on Monday, October 24. On Monday, October 24 the stock rating was downgraded by Keefe Bruyette & Woods to “Mkt Perform”. Raymond James initiated the stock with “Outperform” rating in Monday, December 14 report.
Insitutional Activity: The institutional sentiment decreased to 1.19 in Q2 2016. Its down 1.10, from 2.29 in 2016Q1. The ratio turned negative, as 7 funds sold all WashingtonFirst Bankshares Inc shares owned while 7 reduced positions. 17 funds bought stakes while 15 increased positions. They now own 5.03 million shares or 8.93% more from 4.62 million shares in 2016Q1.
Valentine Ventures Lc holds 0.74% or 29,903 shares in its portfolio. Emerald Mutual Fund Advisers Tru accumulated 0.23% or 187,675 shares. Castle Creek Capital Ptnrs Iv Lp last reported 4.31% of its portfolio in the stock. Moreover, Fuller & Thaler Asset Mgmt Incorporated has 0% invested in WashingtonFirst Bankshares Inc (NASDAQ:WFBI) for 1,000 shares. Evermay Wealth Lc accumulated 41,808 shares or 0.47% of the stock. Mendon Capital Advsrs holds 0.26% of its portfolio in WashingtonFirst Bankshares Inc (NASDAQ:WFBI) for 115,173 shares. Nationwide Fund Advsrs holds 9,335 shares or 0% of its portfolio. Price T Rowe Inc Md has 0% invested in the company for 458,570 shares. Teachers has 0% invested in the company for 12,757 shares. Grace White Incorporated Ny reported 105,106 shares or 0.51% of all its holdings. Moreover, Manufacturers Life Insur The has 0% invested in WashingtonFirst Bankshares Inc (NASDAQ:WFBI) for 8,898 shares. Schwab Charles Mgmt Inc holds 12,000 shares or 0% of its portfolio. Bank & Trust Of America Corporation De last reported 0% of its portfolio in the stock. Renaissance Tech Limited Liability Company accumulated 0% or 18,500 shares. Vanguard has 103,782 shares for 0% of their US portfolio.
Insider Transactions: Since June 13, 2016, the stock had 5 buys, and 1 sale for $201,580 net activity. 198 shares with value of $5,158 were bought by Mohan Madhu K on Tuesday, November 22. Johnson Matthew R also sold $23,712 worth of WashingtonFirst Bankshares Inc (NASDAQ:WFBI) shares. $97,462 worth of WashingtonFirst Bankshares Inc (NASDAQ:WFBI) was bought by Merrick Caren D on Monday, August 22. On Tuesday, October 25 the insider BRACEWELL JOSEPH S bought $12,972. Michael Mark C bought $98,900 worth of stock.
About 5,732 shares traded hands. WashingtonFirst Bankshares Inc (NASDAQ:WFBI) has risen 16.09% since April 25, 2016 and is uptrending. It has outperformed by 10.07% the S&P500.
WashingtonFirst Bankshares, Inc. is a bank holding company. The company has a market cap of $341.30 million. The Company, through its subsidiary, WashingtonFirst Bank , operates approximately 20 banking offices throughout the Washington, District of Columbia (D.C.) metropolitan area. It has a 20.04 P/E ratio. The Company’s divisions include traditional commercial banking, a mortgage banking business and a wealth management business.
According to Zacks Investment Research, “WashingtonFirst Bankshares, Inc. operates as a bank holding company. The Company’s banking subsidiary offers various deposit products, including business and personal checking accounts, NOW accounts, tiered savings and money market accounts, time deposit accounts, and individual retirement accounts. It also offers commercial loans, commercial real estate loans, commercial and residential real estate construction loans, residential mortgage loans, home equity loans, and consumer loans. The company provides cash management services, such as electronic banking, sweep accounts, lockbox and account reconciliation, merchant card depository, safe deposit boxes, and automated clearing house origination services, as well as after hour depository, ATMs, remote deposit capture, and courier services. WashingtonFirst Bankshares, Inc. is based in Reston, Virginia.”
Analysts await WashingtonFirst Bankshares Inc (NASDAQ:WFBI) to report earnings on January, 26. They expect $0.34 earnings per share, up 6.25% or $0.02 from last year’s $0.32 per share. WFBI’s profit will be $4.19 million for 20.35 P/E if the $0.34 EPS becomes a reality. After $0.39 actual earnings per share reported by WashingtonFirst Bankshares Inc for the previous quarter, Wall Street now forecasts -12.82% negative EPS growth.
More notable recent WashingtonFirst Bankshares Inc (NASDAQ:WFBI) news were published by: Businesswire.com which released: “WashingtonFirst Bankshares, Inc. Declares 13th Consecutive Quarterly Cash ..” on November 22, 2016, also Businesswire.com with their article: “WashingtonFirst Bankshares, Inc. Selected As a Top Performer By Sandler O’Neill” published on September 27, 2016, Businesswire.com published: “WashingtonFirst Bankshares, Inc. Announces Name Change of 1st Portfolio ..” on February 08, 2016. More interesting news about WashingtonFirst Bankshares Inc (NASDAQ:WFBI) were released by: Businesswire.com and their article: “WashingtonFirst Bankshares, Inc. Completes Acquisition of 1st Portfolio ..” published on July 31, 2015 as well as Businesswire.com‘s news article titled: “WashingtonFirst Bankshares, Inc. to Acquire 1st Portfolio Holding Corporation” with publication date: May 14, 2015.
WashingtonFirst Bankshares, Inc., incorporated on March 1, 2015, 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 (D.C.) metropolitan area. The Company’s divisions include traditional commercial banking, a mortgage banking business and a wealth management business. The commercial banking segment provides the mortgage banking segment with the short-term funds needed to originate mortgage loans through a warehouse line of credit and charges the mortgage banking segment interest based on a premium over their cost to borrow funds. 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, which operates in two locations: Fairfax, Virginia and Rockville, Maryland. The Firm offers a range of commercial banking services and products to small-to-medium sized businesses, not-for-profit organizations, professional service firms and individuals in the greater Washington, D.C. metropolitan area. In addition, the Mortgage Company provides residential mortgage lending services to clients in the Washington, D.C. metropolitan and greater mid-Atlantic areas.
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