Raymond James Financial Inc. downgraded WashingtonFirst Bankshares Inc (NASDAQ:WFBI) to Market Perform in a statement released earlier today.
- Updated: October 8, 2016
Displaying a price of $23.73, WashingtonFirst Bankshares Inc (NASDAQ:WFBI) traded 0.13% higher on the day. With the last closing price up 3.99% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has decreased -0.01% over the same period. The company has recorded a 50-day moving average of $24.53 and a 200-day average of $22.82. Trading volume was down over the average, with 5,792 shares of WFBI changing hands under the typical 15,303
Raymond James Financial Inc. has downgraded WashingtonFirst Bankshares Inc (NASDAQ:WFBI) to Market Perform in a statement released on 10/07/2016.
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With a market capitalization of $0, WashingtonFirst Bankshares Inc has one year low of $18.00 and a one year high of $25.46 with a P/E ratio of 18.38 .
Brief Synopsis About WashingtonFirst Bankshares Inc (NASDAQ:WFBI)
WashingtonFirst Bankshares, Inc. 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 segments 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.
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