First Trust Advisors LP Lowers Position in Washington Federal, Inc. (WAFD)
First Trust Advisors LP decreased its stake in shares of Washington Federal, Inc. (NASDAQ:WAFD) by 9.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 182,717 shares of the bank’s stock after selling 18,911 shares during the period. First Trust Advisors LP owned approximately 0.21% of Washington Federal worth $6,066,000 at the end of the most recent quarter.
Other large investors have also recently bought and sold shares of the company. Harbour Investment Management LLC purchased a new stake in Washington Federal during the first quarter valued at about $2,157,000. Dorsey Wright & Associates raised its stake in Washington Federal by 9.8% in the first quarter. Dorsey Wright & Associates now owns 61,104 shares of the bank’s stock valued at $2,023,000 after buying an additional 5,458 shares in the last quarter. Flinton Capital Management LLC raised its stake in Washington Federal by 9.3% in the first quarter. Flinton Capital Management LLC now owns 6,800 shares of the bank’s stock valued at $225,000 after buying an additional 578 shares in the last quarter. American Century Companies Inc. purchased a new stake in Washington Federal during the first quarter valued at about $5,888,000. Finally, Chicago Equity Partners LLC purchased a new stake in Washington Federal during the first quarter valued at about $511,000. 84.40% of the stock is currently owned by institutional investors and hedge funds.
Washington Federal, Inc. (WAFD) opened at 31.15 on Thursday. The company’s 50-day moving average price is $32.84 and its 200-day moving average price is $33.14. The company has a market capitalization of $2.75 billion, a P/E ratio of 16.39 and a beta of 1.12. Washington Federal, Inc. has a 52 week low of $25.15 and a 52 week high of $35.95.
Washington Federal (NASDAQ:WAFD) last released its earnings results on Tuesday, July 18th. The bank reported $0.49 earnings per share for the quarter, topping the 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 during the quarter, compared to analysts’ expectations of $120.35 million. On average, equities analysts forecast that Washington Federal, Inc. will post $1.91 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Friday, August 18th. Shareholders of record on Friday, August 4th were paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 1.93%. The ex-dividend date of this dividend was Wednesday, August 2nd. Washington Federal’s payout ratio is presently 31.41%.
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A number of research analysts recently commented on the company. Zacks Investment Research upgraded Washington Federal from a “hold” rating to a “buy” rating and set a $39.00 price objective for the company in a research note on Monday, June 12th. BidaskClub upgraded Washington Federal from a “sell” rating to a “hold” rating in a research note on Saturday, June 10th. Finally, Keefe, Bruyette & Woods restated a “hold” rating and set a $34.00 price objective on shares of Washington Federal in a research note on Tuesday, July 25th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $34.00.
In other Washington Federal news, Director Thomas J. Kelley sold 6,100 shares of the company’s stock in a transaction on Wednesday, July 26th. The stock was sold at an average price of $33.72, for a total transaction of $205,692.00. Following the completion of the sale, the director now directly owns 21,185 shares in the company, valued at $714,358.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.28% of the stock is owned by corporate insiders.
Washington Federal Company Profile
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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