Principal Financial Group Inc. lifted its holdings in Washington Federal Inc. (NASDAQ:WAFD) by 2.5% in the first quarter, according to the company in its most recent filing with the SEC. The fund owned 1,063,169 shares of the bank’s stock after acquiring an additional 25,616 shares during the quarter. Principal Financial Group Inc.’s holdings in Washington Federal were worth $30,715,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in WAFD. Norges Bank bought a new stake in shares of Washington Federal in the 4th quarter worth approximately $28,516,000. Oregon Public Employees Retirement Fund lifted its holdings in shares of Washington Federal by 2,571.0% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 932,873 shares of the bank’s stock worth $35,000 after acquiring an additional 897,947 shares during the last quarter. Segall Bryant & Hamill LLC bought a new stake in shares of Washington Federal in the 4th quarter worth approximately $13,613,000. LSV Asset Management lifted its holdings in shares of Washington Federal by 52.2% in the 1st quarter. LSV Asset Management now owns 1,144,941 shares of the bank’s stock worth $33,077,000 after acquiring an additional 392,741 shares during the last quarter. Finally, Acadian Asset Management LLC lifted its holdings in shares of Washington Federal by 1,187.1% in the 1st quarter. Acadian Asset Management LLC now owns 411,741 shares of the bank’s stock worth $11,897,000 after acquiring an additional 379,750 shares during the last quarter. Hedge funds and other institutional investors own 84.39% of the company’s stock.

NASDAQ:WAFD opened at $33.21 on Friday. The company has a debt-to-equity ratio of 1.30, a current ratio of 1.04 and a quick ratio of 1.04. Washington Federal Inc. has a 52 week low of $24.67 and a 52 week high of $35.25. The firm has a market cap of $2.67 billion, a P/E ratio of 13.84, a PEG ratio of 1.85 and a beta of 1.14.

Washington Federal (NASDAQ:WAFD) last issued its quarterly earnings data on Monday, April 15th. The bank reported $0.63 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.61 by $0.02. Washington Federal had a net margin of 29.61% and a return on equity of 10.39%. The business had revenue of $132.88 million during the quarter, compared to analyst estimates of $133.44 million. During the same period in the prior year, the business earned $0.57 EPS. Equities research analysts expect that Washington Federal Inc. will post 2.56 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 24th. Shareholders of record on Friday, May 10th were issued a $0.20 dividend. The ex-dividend date of this dividend was Thursday, May 9th. This represents a $0.80 annualized dividend and a yield of 2.41%. Washington Federal’s dividend payout ratio (DPR) is presently 33.33%.

A number of equities research analysts have recently weighed in on WAFD shares. Zacks Investment Research lowered shares of Washington Federal from a “hold” rating to a “sell” rating in a report on Monday, February 18th. BidaskClub lowered shares of Washington Federal from a “buy” rating to a “hold” rating in a report on Thursday, March 14th. Finally, ValuEngine upgraded shares of Washington Federal from a “sell” rating to a “hold” rating in a report on Tuesday, April 16th. Three equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $36.00.

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Washington Federal Company Profile

Washington Federal, Inc operates as the bank holding company for Washington Federal, National Association that provides lending, depository, insurance, and other banking services in the United States. The company accepts deposit products, including business and personal checking accounts, and term certificates of deposit, as well as money market accounts and passbook savings accounts.

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Institutional Ownership by Quarter for Washington Federal (NASDAQ:WAFD)

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