Evermay Wealth Management LLC continued to hold its position in shares of WashingtonFirst Bankshares Inc (NASDAQ:WFBI) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 43,715 shares of the bank’s stock at the end of the first quarter. WashingtonFirst Bankshares makes up 0.5% of Evermay Wealth Management LLC’s investment portfolio, making the stock its 20th largest position. Evermay Wealth Management LLC owned 0.34% of WashingtonFirst Bankshares worth $1,224,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also modified their holdings of the company. Bronfman E.L. Rothschild L.P. raised 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 during the period. Bessemer Group Inc. raised its position in shares of WashingtonFirst Bankshares by 5.0% in the fourth quarter. Bessemer Group Inc. now owns 4,725 shares of the bank’s stock worth $137,000 after buying an additional 225 shares during the period. Bank of New York Mellon Corp raised its position in shares of 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 worth $775,000 after buying an additional 293 shares during the period. Metropolitan Life Insurance Co. NY raised 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 during the period. Finally, Brown Advisory Inc. raised its position in shares of WashingtonFirst Bankshares by 4.3% in the fourth quarter. Brown Advisory Inc. now owns 26,024 shares of the bank’s stock worth $754,000 after buying an additional 1,069 shares during the period. Institutional investors and hedge funds own 54.29% of the company’s stock.
WashingtonFirst Bankshares Inc (WFBI) traded down 0.64% on Friday, reaching $34.18. 76,017 shares of the company’s stock traded hands. WashingtonFirst Bankshares Inc has a 12 month low of $18.57 and a 12 month high of $36.16. The firm has a market cap of $445.06 million, a PE ratio of 24.24 and a beta of 0.14. The firm’s 50-day moving average is $31.64 and its 200 day moving average is $28.87.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 3rd. Shareholders of record on Monday, June 12th will be given a $0.07 dividend. The ex-dividend date of this dividend is Thursday, June 8th. This represents a $0.28 annualized dividend and a yield of 0.82%. WashingtonFirst Bankshares’s payout ratio is currently 19.93%.
A number of research analysts recently issued reports on the stock. Zacks Investment Research lowered shares of 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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