Public Employees Retirement System of Ohio Cuts Stake in Washington Federal, Inc. (NASDAQ:WAFD)
Public Employees Retirement System of Ohio cut its position in Washington Federal, Inc. (NASDAQ:WAFD) by 4.4% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 5,460 shares of the bank’s stock after selling 251 shares during the period. Public Employees Retirement System of Ohio’s holdings in Washington Federal were worth $181,000 at the end of the most recent quarter.
A number of other hedge funds have also recently added to or reduced their stakes in WAFD. Liberty Mutual Group Asset Management Inc. increased its stake in Washington Federal by 5.1% in the first quarter. Liberty Mutual Group Asset Management Inc. now owns 39,359 shares of the bank’s stock worth $1,303,000 after buying an additional 1,926 shares during the last quarter. Lazard Asset Management LLC purchased a new stake in Washington Federal during the first quarter worth about $12,241,000. Oregon Public Employees Retirement Fund increased its stake in Washington Federal by 1.3% in the first quarter. Oregon Public Employees Retirement Fund now owns 31,665 shares of the bank’s stock worth $1,048,000 after buying an additional 400 shares during the last quarter. State of Tennessee Treasury Department purchased a new stake in Washington Federal during the first quarter worth about $6,289,000. Finally, Nordea Investment Management AB increased its stake in Washington Federal by 3.5% in the first quarter. Nordea Investment Management AB now owns 45,190 shares of the bank’s stock worth $1,496,000 after buying an additional 1,536 shares during the last quarter. 83.94% of the stock is currently owned by institutional investors and hedge funds.
Shares of Washington Federal, Inc. (WAFD) traded down 0.61% during trading on Thursday, hitting $32.65. The stock had a trading volume of 68,377 shares. The firm’s 50-day moving average is $33.26 and its 200 day moving average is $33.27. The firm has a market cap of $2.89 billion, a price-to-earnings ratio of 17.18 and a beta of 1.12. Washington Federal, Inc. has a 52-week low of $25.08 and a 52-week high of $35.95.
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 consensus estimate of $0.47 by $0.02. The firm had revenue of $122.54 million during the quarter, compared to analysts’ expectations of $120.35 million. Washington Federal had a return on equity of 8.57% and a net margin of 29.06%. On average, analysts expect that Washington Federal, Inc. will post $1.91 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 18th. Investors of record on Friday, August 4th will be given a $0.15 dividend. The ex-dividend date of this dividend is Wednesday, August 2nd. This represents a $0.60 annualized dividend and a yield of 1.83%. Washington Federal’s payout ratio is 31.41%.
A number of analysts have issued reports on WAFD shares. Zacks Investment Research raised Washington Federal from a “hold” rating to a “buy” rating and set a $36.00 price objective on the stock in a research note on Monday, June 5th. BidaskClub downgraded Washington Federal from a “hold” rating to a “sell” rating in a research note on Tuesday, June 20th. Piper Jaffray Companies reaffirmed a “neutral” rating and issued a $30.00 price objective (down previously from $32.00) on shares of Washington Federal in a research note on Monday, April 17th. Finally, Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $34.00 price objective on shares of Washington Federal in a research note on Wednesday, May 24th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $34.00.
In related news, Director Anna C. Johnson sold 4,200 shares of the stock in a transaction that occurred on Friday, May 26th. The stock was 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 in the company, valued at $922,027.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Thomas J. Kelley sold 6,100 shares of the stock in a transaction that occurred on Wednesday, July 26th. The stock was sold at an average price of $33.72, for a total value of $205,692.00. Following the completion of the transaction, the director now owns 21,185 shares of the company’s stock, valued at $714,358.20. The disclosure for this sale can be found here. Corporate insiders own 1.28% of the company’s stock.
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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