Acadian Asset Management LLC Has $1.21 Million Position in Washington Federal, Inc. (WAFD)
Acadian Asset Management LLC cut its stake in shares of Washington Federal, Inc. (NASDAQ:WAFD) by 42.4% during the second quarter, Holdings Channel reports. The fund owned 36,594 shares of the bank’s stock after selling 26,883 shares during the period. Acadian Asset Management LLC’s holdings in Washington Federal were worth $1,214,000 at the end of the most recent quarter.
A number of other hedge funds also recently modified their holdings of the stock. Russell Investments Group Ltd. boosted its stake in shares of Washington Federal by 41.8% in the second quarter. Russell Investments Group Ltd. now owns 47,060 shares of the bank’s stock valued at $1,562,000 after buying an additional 13,863 shares during the last quarter. First Citizens Bank & Trust Co. boosted its position in Washington Federal by 30.7% in the second quarter. First Citizens Bank & Trust Co. now owns 11,826 shares of the bank’s stock worth $393,000 after buying an additional 2,777 shares in the last quarter. US Bancorp DE boosted its position in Washington Federal by 218.6% in the second quarter. US Bancorp DE now owns 9,238 shares of the bank’s stock worth $306,000 after buying an additional 6,338 shares in the last quarter. State Treasurer State of Michigan boosted its position in Washington Federal by 1.7% in the second quarter. State Treasurer State of Michigan now owns 36,823 shares of the bank’s stock worth $1,223,000 after buying an additional 600 shares in the last quarter. Finally, Alpha Windward LLC boosted its position in Washington Federal by 8.0% in the second quarter. Alpha Windward LLC now owns 14,975 shares of the bank’s stock worth $497,000 after buying an additional 1,115 shares in the last quarter. Institutional investors own 83.94% of the company’s stock.
Washington Federal, Inc. (WAFD) traded down 0.76% on Thursday, reaching $32.60. The company had a trading volume of 136,049 shares. The firm has a market capitalization of $2.88 billion, a PE ratio of 17.15 and a beta of 1.12. Washington Federal, Inc. has a 12 month low of $25.08 and a 12 month high of $35.95. The stock has a 50 day moving average of $33.26 and a 200 day moving average of $33.27.
Washington Federal (NASDAQ:WAFD) last announced its quarterly earnings data on Tuesday, July 18th. The bank reported $0.49 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.47 by $0.02. Washington Federal had a return on equity of 8.57% and a net margin of 29.06%. The firm had revenue of $122.54 million for the quarter, compared to analysts’ expectations of $120.35 million. On average, analysts anticipate that Washington Federal, Inc. will post $1.91 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 18th. Shareholders of record on Friday, August 4th will be paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 1.83%. The ex-dividend date is Wednesday, August 2nd. Washington Federal’s payout ratio is currently 31.41%.
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Several equities analysts recently issued reports on the company. Keefe, Bruyette & Woods reissued a “hold” rating and set a $34.00 target price on shares of Washington Federal in a research note on Tuesday, July 25th. Zacks Investment Research lowered Washington Federal from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. BidaskClub downgraded Washington Federal from a “hold” rating to a “sell” rating in a report on Tuesday, June 20th. Finally, Piper Jaffray Companies reiterated a “neutral” rating and issued a $30.00 price objective (down previously from $32.00) on shares of Washington Federal in a report on Monday, April 17th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $34.00.
In other Washington Federal news, Director Anna C. Johnson sold 4,200 shares of the company’s stock in a transaction that occurred on Friday, May 26th. The stock was sold at an average price of $32.25, for a total transaction of $135,450.00. Following the sale, the director now owns 28,590 shares in the company, valued at $922,027.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Thomas J. Kelley sold 6,100 shares of the company’s stock in a transaction that occurred on Wednesday, July 26th. The shares were sold at an average price of $33.72, for a total value of $205,692.00. Following the sale, the director now owns 21,185 shares in the company, valued at approximately $714,358.20. The disclosure for this sale can be found here. Corporate insiders own 1.28% of the company’s stock.
About Washington Federal
Washington Federal, Inc is a bank holding company. The Company conducts its operations through a federally insured national bank subsidiary, Washington Federal, National Association (the Bank). The business of the Bank consists primarily of accepting deposits from the general public and investing these funds in loans of various types, including first lien mortgages on single-family dwellings, construction loans, land acquisition and development loans, loans on multi-family, commercial real estate and other income producing properties, home equity loans and business loans.
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