Rational Advisors LLC Has $242,000 Stake in Washington Federal, Inc. (WAFD)
Rational Advisors LLC cut its stake in Washington Federal, Inc. (NASDAQ:WAFD) by 18.9% during the second quarter, Holdings Channel reports. The firm owned 7,300 shares of the bank’s stock after selling 1,700 shares during the period. Rational Advisors LLC’s holdings in Washington Federal were worth $242,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Flinton Capital Management LLC increased its position in shares of Washington Federal by 9.3% in the first quarter. Flinton Capital Management LLC now owns 6,800 shares of the bank’s stock worth $225,000 after buying an additional 578 shares during the last quarter. American Century Companies Inc. bought a new position in shares of Washington Federal during the first quarter worth approximately $5,888,000. Chicago Equity Partners LLC bought a new position in shares of Washington Federal during the first quarter worth approximately $511,000. Tyers Asset Management LLC increased its position in shares of Washington Federal by 9.3% in the first quarter. Tyers Asset Management LLC now owns 5,600 shares of the bank’s stock worth $185,000 after buying an additional 476 shares during the last quarter. Finally, State Treasurer State of Michigan increased its position in shares of Washington Federal by 0.8% in the first quarter. State Treasurer State of Michigan now owns 36,223 shares of the bank’s stock worth $1,199,000 after buying an additional 300 shares during the last quarter. 84.56% of the stock is currently owned by institutional investors and hedge funds.
Shares of Washington Federal, Inc. (NASDAQ:WAFD) opened at 32.85 on Tuesday. Washington Federal, Inc. has a 52-week low of $25.08 and a 52-week high of $35.95. The firm has a 50-day moving average of $33.25 and a 200 day moving average of $33.23. The company has a market capitalization of $2.90 billion, a P/E ratio of 17.28 and a beta of 1.12.
Washington Federal (NASDAQ:WAFD) last issued its quarterly 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. The company had revenue of $122.54 million during the quarter, compared to analysts’ expectations of $120.35 million. Washington Federal had a net margin of 29.06% and a return on equity of 8.57%. On average, analysts anticipate that Washington Federal, Inc. will post $1.91 EPS for the current 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 paid a dividend of $0.15 per share. The ex-dividend date is Wednesday, August 2nd. This represents a $0.60 annualized dividend and a dividend yield of 1.83%. Washington Federal’s dividend payout ratio is currently 31.41%.
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A number of research analysts recently commented on the stock. BidaskClub downgraded shares of Washington Federal from a “sell” rating to a “strong sell” rating in a research report on Monday, July 31st. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $34.00 price objective on shares of Washington Federal in a research report on Tuesday, July 25th. Finally, Zacks Investment Research raised shares of Washington Federal from a “hold” rating to a “buy” rating and set a $37.00 price objective on the stock in a research report on Friday, July 21st. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the stock. Washington Federal currently has an average rating of “Hold” and a consensus price target of $34.00.
In related news, Director Thomas J. Kelley sold 6,100 shares of the firm’s stock in a transaction on Wednesday, July 26th. The shares were 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 directly owns 21,185 shares of the company’s stock, valued at $714,358.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Anna C. Johnson sold 4,200 shares of the firm’s stock in a transaction on Friday, May 26th. The shares were sold at an average price of $32.25, for a total transaction 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 $922,027.50. The disclosure for this sale can be found here. 1.28% of the stock is owned by company 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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