|Ask||33.85 x 400|
|Day's Range||33.64 - 34.00|
|52 Week Range||18.57 - 36.16|
|PE Ratio (TTM)||23.91|
|Earnings Date||Jul 19, 2017 - Jul 24, 2017|
|Dividend & Yield||0.28 (0.83%)|
|1y Target Est||38.00|
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.
WashingtonFirst Bankshares, Inc. today announced that its Board of Directors declared a cash dividend of seven cents per share of its common stock, par value $0.01 per share, payable on July 3, 2017, to stockholders of record at the close of business on June 12, 2017.