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Last $16.40 USD
Change Today 0.00 / 0.00%
Volume 1.1K
WFBI On Other Exchanges
Symbol
Exchange
NASDAQ CM
As of 8:10 PM 04/24/15 All times are local (Market data is delayed by at least 15 minutes).

washingtonfirst bankshare (WFBI) Snapshot

Open
$16.40
Previous Close
$16.40
Day High
$16.40
Day Low
$16.40
52 Week High
04/1/15 - $17.93
52 Week Low
07/11/14 - $13.35
Market Cap
145.0M
Average Volume 10 Days
561.8
EPS TTM
$1.19
Shares Outstanding
7.7M
EX-Date
03/9/15
P/E TM
13.8x
Dividend
$0.20
Dividend Yield
1.09%
Current Stock Chart for WASHINGTONFIRST BANKSHARE (WFBI)

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washingtonfirst bankshare (WFBI) Details

WashingtonFirst Bankshares, Inc. operates as the holding company for WashingtonFirst Bank that provides commercial banking products and services to small-to-medium sized businesses, not-for-profit organizations, professional service firms, and individuals in Washington, DC metropolitan area. The company 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 provides commercial and residential real estate loans, commercial and industrial loans, construction and development loans, and consumer loans. In addition, the company provides cash management services, such as electronic banking, sweep accounts, lockbox and account reconciliation, merchant card depository, safe deposit boxes, remote deposit capture, and automated clearing house origination services, as well as after hour depository and ATM services. As of December 31, 2014, it had 17 branch banking offices located in Virginia, Maryland, and Washington, D.C. The company was founded in 2004 and is headquartered in Reston, Virginia.

172 Employees
Last Reported Date: 03/16/15
Founded in 2004

washingtonfirst bankshare (WFBI) Top Compensated Officers

Chief Executive Officer, President, Director,...
Total Annual Compensation: $789.4K
Director, President of Washingtonfirst Bank, ...
Total Annual Compensation: $424.1K
General Counsel, Corporate Secretary, Directo...
Total Annual Compensation: $388.0K
Compensation as of Fiscal Year 2014.

washingtonfirst bankshare (WFBI) Key Developments

WashingtonFirst Bankshares Inc. Plans to Open Two New Branches in Potomac and Alexandria

WashingtonFirst Bankshares Inc. announced plans to open two new branches - in Potomac, MD and Alexandria, VA - later this year, which would expand its branch network from 17 to 19 branches in the Washington, DC metropolitan area.

WashingtonFirst Bankshares Inc. Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2015; Reports Net Charge-Offs for the First Quarter Ended March 31, 2015

WashingtonFirst Bankshares Inc. reported unaudited consolidated earnings results for the first quarter ended March 31, 2015. For the quarter, the company's total interest and dividend income was USD 14,310,000 compared to USD 12,013,000 a year ago. Net interest income was USD 12,306,000 compared to USD 10,409,000 a year ago. Net interest income after provision for loan losses was USD 11,606,000 compared to USD 9,864,000 a year ago. Income before provision income taxes was USD 4,318,000 compared to USD 2,446,000 a year ago. Net income was USD 2,790,000 compared to USD 1,608,000 a year ago. Net income available to common shareholders was USD 2,762,000 or USD 0.28 per fully diluted share compared to USD 1,564,000 or USD 0.19 per fully diluted share a year ago. Return on average assets was 0.83% compared to 0.56% a year ago. Return on average shareholder’s equity was 8.34% compared to 5.93% a year ago. Return on average common equity was 9.01% compared to 6.88% a year ago. Book value per common share as on March 31, 2015 was USD 12.99. The company's 77% increase in net income available to common shareholders for the three months ended March 31, 2015 compared to prior year is primarily the result of continued organic growth and the Millennium Transaction consummated in first quarter 2014. For the quarter, the company reported net charge-offs of $0.1 million compared to $1.2 million for the three months ended March 31, 2014.

WashingtonFirst Mulls Acquisitions

WashingtonFirst Bankshares Inc. (NasdaqCM:WFBI) is looking for acquisitions. WashingtonFirst Bankshares Inc. has filed a shelf registration in the amount of $50 million and may use the net proceeds for general corporate purposes which may include augmenting the capital of the bank for use in our community banking and commercial lending operations, repurchasing our outstanding common or preferred stock, financing possible acquisitions of other financial institutions or their branches, or other businesses that are related to banking or diversification into other banking-related businesses, extending credit to, or funding investments in, the bank and repaying, reducing or refinancing our indebtedness.

 

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WFBI Competitors

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Middleburg Financial Corp $18.39 USD +0.09
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Industry Analysis

WFBI

Industry Average

Valuation WFBI Industry Range
Price/Earnings 13.6x
Price/Sales 3.2x
Price/Book 1.3x
Price/Cash Flow 12.0x
TEV/Sales NM Not Meaningful
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