|Bid||0.01 x 100|
|Day's Range||33.07 - 33.80|
|52 Week Range||18.57 - 36.16|
|PE Ratio (TTM)||23.65|
|Dividend & Yield||0.28 (0.84%)|
|1y Target Est||N/A|
On Tuesday, Sandy Spring Bancorp, Inc. (SASR) and WashingtonFirst Bankshares, Inc. (WFBI) announced the merger of their subsidiaries, Sandy Spring Bank and WashingtonFirst Bank. The deal is expected to close in the fourth quarter of this year.
Olney-based Sandy Spring Bank is buying Reston-based WashingtonFirst Bank for $489 million in stock, a move that will expand the Maryland bank's footprint in the lucrative Virginia market. The deal, announced Tuesday morning , works out to about $36.50 a share for WashingtonFirst, a 27 percent premium on its Monday closing price of $28.84. Sandy Spring Bancorp Inc. stock (SASR) dropped about 5 percent this morning on the news, falling $2.10 per share to $40.62.
Categories: ETFs Yahoo FinanceClick here to see latest analysis *Disclaimer : This is as of previous day’s closing price. Technical Indicators Below is a quick look at 5 technical indicators for WashingtonFirst Bankshares, Inc.. More studies are available on the Technical Chart. Indicator Signal Closing Price above/below 50 Day Moving Average Bearish Closing Price above/below 200 Day Moving ... Read more (Read more...)