Foundry Partners LLC Has $21.55 Million Position in Washington Federal, Inc. (NASDAQ:WAFD)
Foundry Partners LLC increased its stake in shares of Washington Federal, Inc. (NASDAQ:WAFD) by 8.1% during the second quarter, Holdings Channel reports. The institutional investor owned 648,998 shares of the bank’s stock after buying an additional 48,813 shares during the period. Washington Federal comprises approximately 0.9% of Foundry Partners LLC’s holdings, making the stock its 8th largest position. Foundry Partners LLC’s holdings in Washington Federal were worth $21,547,000 at the end of the most recent reporting period.
A number of other institutional investors also recently added to or reduced their stakes in the stock. BlackRock Inc. increased its position in Washington Federal by 16,855.9% in the first quarter. BlackRock Inc. now owns 9,559,901 shares of the bank’s stock valued at $316,434,000 after buying an additional 9,503,520 shares in the last quarter. Lazard Asset Management LLC bought a new position in Washington Federal during the first quarter valued at about $12,241,000. Goldman Sachs Group Inc. increased its position in Washington Federal by 21.8% in the first quarter. Goldman Sachs Group Inc. now owns 1,754,181 shares of the bank’s stock valued at $58,063,000 after buying an additional 313,718 shares in the last quarter. State Street Corp increased its position in Washington Federal by 8.4% in the first quarter. State Street Corp now owns 3,619,821 shares of the bank’s stock valued at $119,814,000 after buying an additional 281,548 shares in the last quarter. Finally, State of Tennessee Treasury Department bought a new position in Washington Federal during the first quarter valued at about $6,289,000. Institutional investors own 83.94% of the company’s stock.
Shares of Washington Federal, Inc. (NASDAQ:WAFD) opened at 32.45 on Friday. Washington Federal, Inc. has a 52 week low of $25.08 and a 52 week high of $35.95. The firm has a market cap of $2.87 billion, a P/E ratio of 17.07 and a beta of 1.12. The stock’s 50 day moving average is $33.26 and its 200 day moving average is $33.27.
Washington Federal (NASDAQ:WAFD) last posted its quarterly earnings results on Tuesday, July 18th. The bank reported $0.49 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.47 by $0.02. Washington Federal had a net margin of 29.06% and a return on equity of 8.57%. The business had revenue of $122.54 million during the quarter, compared to analyst estimates of $120.35 million. On average, equities research analysts predict that Washington Federal, Inc. will post $1.91 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, August 18th. Stockholders of record on Friday, August 4th will be issued a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 1.85%. The ex-dividend date of this dividend is Wednesday, August 2nd. Washington Federal’s dividend payout ratio (DPR) is presently 31.41%.
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Several equities research analysts have recently weighed in on the stock. Piper Jaffray Companies reiterated a “neutral” rating and set a $30.00 target price (down previously from $32.00) on shares of Washington Federal in a research note on Monday, April 17th. Zacks Investment Research downgraded shares of Washington Federal from a “buy” rating to a “hold” rating in a research note on Monday, June 19th. BidaskClub downgraded shares of Washington Federal from a “hold” rating to a “sell” rating in a research note on Tuesday, June 20th. Finally, Keefe, Bruyette & Woods reiterated a “hold” rating and set a $34.00 target price on shares of Washington Federal in a research note on Wednesday, May 24th. One research analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the stock. Washington Federal presently has an average rating of “Hold” and a consensus price target of $34.00.
In other news, Director Anna C. Johnson sold 4,200 shares of Washington Federal stock in a transaction dated Friday, May 26th. The shares were sold at an average price of $32.25, for a total value of $135,450.00. Following the completion of the transaction, the director now directly owns 28,590 shares of the company’s stock, valued at approximately $922,027.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Thomas J. Kelley sold 6,100 shares of Washington Federal stock in a transaction dated Wednesday, July 26th. The shares were sold at an average price of $33.72, for a total transaction of $205,692.00. Following the completion of the transaction, the director now directly owns 21,185 shares of the company’s stock, valued at $714,358.20. The disclosure for this sale can be found here. 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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