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Last $18.00 USD
Change Today -0.02 / -0.11%
Volume 100.0
As of 9:30 AM 08/31/15 All times are local (Market data is delayed by at least 15 minutes).

washingtonfirst bankshare (WFBI) Snapshot

Open
$18.00
Previous Close
$18.02
Day High
$18.00
Day Low
$18.00
52 Week High
08/19/15 - $18.99
52 Week Low
12/26/14 - $14.71
Market Cap
159.8M
Average Volume 10 Days
1.6K
EPS TTM
$1.21
Shares Outstanding
7.8M
EX-Date
09/8/15
P/E TM
14.9x
Dividend
$0.20
Dividend Yield
1.05%
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. Announces Quarterly Cash Dividend, Payable on October 1, 2015

WashingtonFirst Bankshares Inc. announced that its Board of Directors declared a cash dividend of five cents $0.05 per share payable on October 1, 2015, to stockholders of record as of September 10, 2015.

WashingtonFirst Bankshares Inc. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2015; Announces Net Charge-Offs for the Second Quarter Ended June 30, 2015

WashingtonFirst Bankshares Inc. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company reported income before provision for income taxes of $4,327,000, net income of $2,767,000, net income available to common shareholders was $2,744,000 or $0.28 basic and diluted per share on net interest income of $13,172,000 against income before provision for income taxes of $3,717,000, net income of $2,430,000, net income available to common shareholders was $2,385,000 or $0.29 diluted per share on net interest income of $12,117,000 for the same period a year ago. Return on average assets was 0.78% against 0.78% for the same period a year ago. Return on average shareholders’ equity was 8.17% against 8.63% for the same period a year ago. Return on average common equity was 8.67% against 10.05% for the same period a year ago. Earnings in the second quarter of 2015 were negatively affected by merger expenses of $241,000, pre-tax, in connection with the previously announced acquisition of 1st Portfolio Holding Corporation. Per-share amounts have been adjusted to give retroactive effect to all stock dividends. For the six months, the company reported income before provision for income taxes of $8,645,000, net income of $5,557,000, net income available to common shareholders was $5,506,000 or $0.57 basic and diluted per share on net interest income of $22,526,000 against income before provision for income taxes of $6,163,000, net income of $4,038,000, net income available to common shareholders was $3,949,000 or $0.48 diluted per share on net interest income of $22,526,000 for the same period a year ago. Return on average assets was 0.81% against 0.67% for the same period a year ago. Return on average shareholders’ equity was 8.25% against 7.30% for the same period a year ago. Return on average common equity was 8.84% against 8.38% for the same period a year ago. Book value per common share was $13.15 against $12.67 at December 31, 2014. Tangible book value per common share was $12.44 against $11.95 at December 31, 2014. The company's 39% increase in net income available to common shareholders for the six months ended June 30, 2015, compared to prior year is primarily the result of continued organic growth and the impact of the Millennium transaction which closed in the first quarter of 2014. For the quarter, net charge-offs were $0.1 million (0.03%) of average loans compared to $0.3 million (0.14%) a year ago.

WashingtonFirst Bankshares Inc. Appoints Caren D. Merrick to its Board of Directors

WashingtonFirst Bankshares Inc. announced the election of Caren D. Merrick, founder and CEO of Pocket Mentor, to its board of directors on May 18, 2015. Ms. Merrick has over 25 years of experience in marketing and management. Ms. Merrick’s prior positions include Co-Founder and Executive Vice President of webMethods Inc. Ms. Merrick also serves as a director with the Metropolitan Washington Airports Authority.

 

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WFBI:US $18.00 USD -0.02

WFBI Competitors

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Company Last Change
Middleburg Financial Corp $17.89 USD +0.54
Peoples Bancorp of North Carolina Inc $19.45 USD 0.00
Premier Financial Bancorp Inc $15.30 USD +0.04
Republic First Bancorp Inc $3.53 USD 0.00
Southern Missouri Bancorp Inc $20.75 USD -0.75
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Industry Analysis

WFBI

Industry Average

Valuation WFBI Industry Range
Price/Earnings 15.1x
Price/Sales 3.5x
Price/Book 1.4x
Price/Cash Flow 12.8x
TEV/Sales NM Not Meaningful
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