Breogan Capital LP Takes Position in Washington Federal Inc. (WAFD)
Breogan Capital LP acquired a new position in shares of Washington Federal Inc. (NASDAQ:WAFD) in the 2nd quarter, Holdings Channel reports. The fund acquired 60,000 shares of the bank’s stock, valued at approximately $1,962,000. Washington Federal accounts for approximately 3.5% of Breogan Capital LP’s portfolio, making the stock its 15th largest position.
Several other hedge funds and other institutional investors have also modified their holdings of WAFD. Kiley Juergens Wealth Management LLC purchased a new stake in Washington Federal in the second quarter worth approximately $175,000. Oppenheimer & Co. Inc. purchased a new stake in Washington Federal in the first quarter worth approximately $201,000. OppenheimerFunds Inc. purchased a new stake in Washington Federal in the second quarter worth approximately $203,000. Gamco Investors INC. ET AL purchased a new stake in Washington Federal in the first quarter worth approximately $242,000. Finally, Robeco Institutional Asset Management B.V. purchased a new stake in Washington Federal in the first quarter worth approximately $264,000. 84.23% of the stock is owned by institutional investors.
Shares of WAFD stock opened at $34.15 on Monday. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 1.19. Washington Federal Inc. has a fifty-two week low of $29.85 and a fifty-two week high of $37.70. The company has a market capitalization of $2.85 billion, a price-to-earnings ratio of 17.60, a P/E/G ratio of 1.44 and a beta of 1.10.
The business also recently disclosed a quarterly dividend, which was paid on Friday, August 24th. Shareholders of record on Friday, August 10th were given a $0.18 dividend. The ex-dividend date was Thursday, August 9th. This represents a $0.72 annualized dividend and a yield of 2.11%. This is an increase from Washington Federal’s previous quarterly dividend of $0.17. Washington Federal’s payout ratio is presently 37.11%.
Several analysts have issued reports on WAFD shares. ValuEngine raised Washington Federal from a “sell” rating to a “hold” rating in a research note on Tuesday, August 14th. Royal Bank of Canada reaffirmed a “hold” rating and issued a $35.00 target price on shares of Washington Federal in a research note on Friday, July 20th. Zacks Investment Research upgraded Washington Federal from a “strong sell” rating to a “hold” rating in a research report on Tuesday, June 12th. Finally, BidaskClub downgraded Washington Federal from a “buy” rating to a “hold” rating in a research report on Tuesday, July 10th. One research analyst has rated the stock with a sell rating and six have issued a hold rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $36.80.
Washington Federal Profile
Washington Federal, Inc operates as the bank holding company for Washington Federal, National Association that provides lending, depository, insurance, and other banking services to consumers, mid-sized and large businesses, and owners and developers of commercial real estate in the United States. The company accepts deposit products, such as business and personal checking accounts, and term certificates of deposit, as well as money market accounts and passbook savings accounts.
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