Short Interest Change: Time to Reconsider Washingtonfirst Bankshares Incorporated (NASDAQ:WFBI) After Less Short Sellers?

November 21, 2016 - By kentuckypostne   ·   0 Comments

Short Interest Change: Time to Reconsider Washingtonfirst Bankshares Incorporated (NASDAQ:WFBI) After Less Short Sellers?

The stock of Washingtonfirst Bankshares Incorporated (NASDAQ:WFBI) registered a decrease of 1.62% in short interest. WFBI’s total short interest was 187,900 shares in November as published by FINRA. Its down 1.62% from 191,000 shares, reported previously. With 14,500 shares average volume, it will take short sellers 13 days to cover their WFBI’s short positions. The short interest to Washingtonfirst Bankshares Incorporated’s float is 2.73%. About 1,818 shares traded hands. WashingtonFirst Bankshares Inc (NASDAQ:WFBI) has risen 12.91% since April 19, 2016 and is uptrending. It has outperformed by 9.05% the S&P500.

WashingtonFirst Bankshares, Inc. is a bank holding company. The company has a market cap of $325.09 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 19.09 P/E ratio. The Company’s divisions include traditional commercial banking, a mortgage banking business and a wealth management business.

Insitutional Activity: The institutional sentiment decreased to 1.19 in Q2 2016. Its down 1.10, from 2.29 in 2016Q1. The ratio dived, 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.
Moreover, Alliancebernstein Ltd Partnership has 0% invested in WashingtonFirst Bankshares Inc (NASDAQ:WFBI) for 67,143 shares. Hutchin Hill Cap Ltd Partnership holds 60,000 shares or 0.04% of its portfolio. Strs Ohio holds 0% of its portfolio in WashingtonFirst Bankshares Inc (NASDAQ:WFBI) for 2,700 shares. State Street, a Massachusetts-based fund reported 83,033 shares. Jpmorgan Chase And has invested 0% of its portfolio in WashingtonFirst Bankshares Inc (NASDAQ:WFBI). Blackrock Institutional Na holds 0% of its portfolio in WashingtonFirst Bankshares Inc (NASDAQ:WFBI) for 56,015 shares. Castle Creek Partners Iv Lp last reported 414,337 shares in the company. Hightower Advsrs Ltd Liability accumulated 0% or 14,312 shares. Wells Fargo & Mn, a California-based fund reported 3,230 shares. Rmb Cap Management Limited Liability Company holds 118,015 shares or 0.13% of its portfolio. Moreover, Geode Capital Management Limited Liability Co has 0% invested in WashingtonFirst Bankshares Inc (NASDAQ:WFBI) for 32,409 shares. Brown Advisory Incorporated owns 24,785 shares or 0% of their US portfolio. Commercial Bank Of New York Mellon Corp has 15,503 shares for 0% of their US portfolio. Nationwide Fund Advsrs holds 0% or 9,335 shares in its portfolio. Tiaa Cref Investment Management Ltd Llc holds 23,630 shares or 0% of its portfolio.

Insider Transactions: Since June 13, 2016, the stock had 4 buys, and 1 sale for $196,422 net activity. 4,065 shares were bought by Merrick Caren D, worth $97,462. Another trade for 530 shares valued at $12,972 was bought by BRACEWELL JOSEPH S. On Friday, August 5 Johnson Matthew R sold $23,712 worth of the stock or 1,008 shares. $98,900 worth of shares were bought by Michael Mark C on Monday, June 13.

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. The firm has “Outperform” rating by Raymond James given on Monday, December 14. The firm has “Mkt Perform” rating given on Monday, October 24 by Keefe Bruyette & Woods. The stock of WashingtonFirst Bankshares Inc (NASDAQ:WFBI) earned “Mkt Perform” rating by Raymond James on Monday, October 24.

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.

More important recent WashingtonFirst Bankshares Inc (NASDAQ:WFBI) news were published by: Businesswire.com which released: “WashingtonFirst Bankshares Inc. Added to Russell 2000 Index” on June 28, 2016, also Businesswire.com published article titled: “WashingtonFirst Bankshares, Inc. Completes Acquisition of 1st Portfolio …”, Businesswire.com published: “WashingtonFirst Bankshares, Inc. Selected As a Top Performer By Sandler O’Neill” on September 27, 2016. More interesting news about WashingtonFirst Bankshares Inc (NASDAQ:WFBI) was released by: Businesswire.com and their article: “WashingtonFirst Bankshares, Inc. Announces Name Change of 1st Portfolio …” with publication date: February 08, 2016.

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