Chicago Capital Management LLC Buys 76,734 Shares of WashingtonFirst Bankshares Inc (NASDAQ:WFBI)

Chicago Capital Management LLC grew its holdings in shares of WashingtonFirst Bankshares Inc (NASDAQ:WFBI) by 2,192.4% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 80,234 shares of the bank’s stock after buying an additional 76,734 shares during the period. WashingtonFirst Bankshares accounts for approximately 1.6% of Chicago Capital Management LLC’s holdings, making the stock its 12th biggest position. Chicago Capital Management LLC owned 0.64% of WashingtonFirst Bankshares worth $2,728,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of WFBI. Schwab Charles Investment Management Inc. raised its position in WashingtonFirst Bankshares by 23.6% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 22,500 shares of the bank’s stock worth $771,000 after buying an additional 4,300 shares during the last quarter. California Public Employees Retirement System raised its position in WashingtonFirst Bankshares by 25.0% in the 3rd quarter. California Public Employees Retirement System now owns 11,605 shares of the bank’s stock worth $413,000 after buying an additional 2,324 shares during the last quarter. Magnetar Financial LLC increased its position in shares of WashingtonFirst Bankshares by 20.9% during the 3rd quarter. Magnetar Financial LLC now owns 224,324 shares of the bank’s stock valued at $7,984,000 after purchasing an additional 38,824 shares during the last quarter. Citadel Advisors LLC purchased a new stake in shares of WashingtonFirst Bankshares during the 3rd quarter valued at about $224,000. Finally, Bank of New York Mellon Corp increased its position in shares of WashingtonFirst Bankshares by 4.8% during the 3rd quarter. Bank of New York Mellon Corp now owns 70,727 shares of the bank’s stock valued at $2,517,000 after purchasing an additional 3,260 shares during the last quarter. 55.88% of the stock is owned by hedge funds and other institutional investors.

In other news, Director Kenneth Morrissette sold 50,000 shares of the company’s stock in a transaction that occurred on Friday, December 22nd. The stock was sold at an average price of $34.18, for a total transaction of $1,709,000.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Shaza L. Andersen sold 12,314 shares of the company’s stock in a transaction that occurred on Tuesday, December 5th. The stock was sold at an average price of $34.37, for a total value of $423,232.18. Following the sale, the chief executive officer now directly owns 98,577 shares in the company, valued at $3,388,091.49. The disclosure for this sale can be found here. Insiders sold a total of 111,334 shares of company stock valued at $3,811,359 over the last 90 days. 20.70% of the stock is currently owned by corporate insiders.

Separately, BidaskClub lowered shares of WashingtonFirst Bankshares from a “hold” rating to a “sell” rating in a research report on Tuesday, December 12th.

Shares of WashingtonFirst Bankshares Inc (WFBI) traded up $0.58 during trading hours on Thursday, hitting $34.26. The company had a trading volume of 246,600 shares, compared to its average volume of 35,070. The company has a market cap of $429.32, a P/E ratio of 22.69 and a beta of 0.15. The company has a current ratio of 1.00, a quick ratio of 0.98 and a debt-to-equity ratio of 0.66. WashingtonFirst Bankshares Inc has a 52 week low of $26.22 and a 52 week high of $37.19.

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WashingtonFirst Bankshares Company Profile

WashingtonFirst Bankshares, Inc is a bank holding company. The Company, through its subsidiary, WashingtonFirst Bank (the Bank), operates banking offices throughout the Washington, DC metropolitan area. The Company’s segments include Commercial Bank, Mortgage Bank, Wealth Management and Other. 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 Corporation, which operates in two locations: Fairfax, Virginia and Rockville, Maryland.

Institutional Ownership by Quarter for WashingtonFirst Bankshares (NASDAQ:WFBI)

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