The stock of WashingtonFirst Bankshares Inc (NASDAQ:WFBI) reached all time high today, Nov, 24 and still has $29.24 target or 9.00% above today’s $26.83 share price. This indicates more upside for the $334.15M company. This technical setup was reported by Barchart.com. If the $29.24 PT is reached, the company will be worth $30.07M more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. The stock increased 1.25% or $0.33 on November 23, hitting $26.83. About 47,607 shares traded hands or 132.83% up from the average. WashingtonFirst Bankshares Inc (NASDAQ:WFBI) has risen 15.90% since April 22, 2016 and is uptrending. It has outperformed by 10.49% the S&P500.
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 $4.23M for 19.73 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.
WashingtonFirst Bankshares Inc (NASDAQ:WFBI) Ratings Coverage
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. As per Monday, October 24, the company rating was downgraded by Raymond James. On Monday, October 24 the stock rating was downgraded by Keefe Bruyette & Woods to “Mkt Perform”. On Monday, December 14 the stock rating was initiated by Raymond James with “Outperform”.
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.”
Insitutional Activity: The institutional sentiment decreased to 1.19 in Q2 2016. Its down 1.10, from 2.29 in 2016Q1. The ratio worsened, 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.
Savings Bank Of America Corp De has 0% invested in the company for 16,359 shares. The Pennsylvania-based Nationwide Fund has invested 0% in WashingtonFirst Bankshares Inc (NASDAQ:WFBI). Deutsche National Bank & Trust Ag last reported 16,505 shares in the company. Grp accumulated 0% or 4,654 shares. Endicott Mngmt last reported 5.25% of its portfolio in the stock. Dimensional Fund Advsrs L P holds 0% of its portfolio in WashingtonFirst Bankshares Inc (NASDAQ:WFBI) for 20,215 shares. Moreover, Blackrock Inv Mgmt Ltd has 0% invested in WashingtonFirst Bankshares Inc (NASDAQ:WFBI) for 32,835 shares. Wellington Mngmt Grp Limited Liability Partnership has 652,912 shares for 0% of their US portfolio. Hightower Lc holds 0% of its portfolio in WashingtonFirst Bankshares Inc (NASDAQ:WFBI) for 14,312 shares. Blackrock Institutional Na holds 56,015 shares or 0% of its portfolio. Blackrock last reported 0% of its portfolio in the stock. Tiaa Cref Investment Management Ltd Liability Company, a New York-based fund reported 23,630 shares. Vanguard Grp Inc owns 103,782 shares or 0% of their US portfolio. Moreover, Toth Fin Advisory has 0.17% invested in WashingtonFirst Bankshares Inc (NASDAQ:WFBI) for 25,427 shares. Teachers Advsrs accumulated 0% or 12,757 shares.
Insider Transactions: Since June 13, 2016, the stock had 5 buys, and 1 insider sale for $201,580 net activity. The insider Mohan Madhu K bought $5,158. 1,008 shares with value of $23,712 were sold by Johnson Matthew R on Friday, August 5. The insider BRACEWELL JOSEPH S bought 530 shares worth $12,972. On Monday, August 22 Merrick Caren D bought $97,462 worth of the stock or 4,065 shares. Another trade for 4,600 shares valued at $98,900 was bought by Michael Mark C.
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. Added to Russell 2000 Index” published on June 28, 2016, Businesswire.com published: “WashingtonFirst Bankshares, Inc. Completes Acquisition of 1st Portfolio …” on July 31, 2015. More interesting news about WashingtonFirst Bankshares Inc (NASDAQ:WFBI) were released by: Businesswire.com and their article: “WashingtonFirst Bankshares, Inc. Selected As a Top Performer By Sandler O’Neill” published on September 27, 2016 as well as Businesswire.com‘s news article titled: “WashingtonFirst Bankshares, Inc. Announces Name Change of 1st Portfolio …” with publication date: February 08, 2016.
WFBI Company Profile
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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