Raymond James Financial Services Advisors Inc. Acquires 127 Shares of Washington Federal, Inc. (WAFD)
Raymond James Financial Services Advisors Inc. increased its holdings in shares of Washington Federal, Inc. (NASDAQ:WAFD) by 1.9% during the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 6,641 shares of the bank’s stock after purchasing an additional 127 shares during the period. Raymond James Financial Services Advisors Inc.’s holdings in Washington Federal were worth $220,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Coldstream Capital Management Inc. boosted its stake in shares of Washington Federal by 48.2% during the second quarter. Coldstream Capital Management Inc. now owns 58,770 shares of the bank’s stock valued at $1,951,000 after purchasing an additional 19,112 shares in the last quarter. The Manufacturers Life Insurance Company boosted its stake in shares of Washington Federal by 0.6% during the second quarter. The Manufacturers Life Insurance Company now owns 196,063 shares of the bank’s stock valued at $6,509,000 after purchasing an additional 1,083 shares in the last quarter. BlueCrest Capital Management Ltd acquired a new stake in Washington Federal in the second quarter valued at approximately $326,000. State Street Corp boosted its stake in Washington Federal by 5.1% in the second quarter. State Street Corp now owns 3,804,883 shares of the bank’s stock valued at $126,320,000 after acquiring an additional 185,062 shares in the last quarter. Finally, Janus Henderson Group PLC acquired a new stake in Washington Federal in the second quarter valued at approximately $22,965,000. Hedge funds and other institutional investors own 84.78% of the company’s stock.
Shares of Washington Federal, Inc. (WAFD) opened at $33.45 on Monday. Washington Federal, Inc. has a one year low of $29.55 and a one year high of $35.95. The company has a current ratio of 1.02, a quick ratio of 1.03 and a debt-to-equity ratio of 1.11. The company has a market cap of $2,916.62, a price-to-earnings ratio of 17.24, a PEG ratio of 1.62 and a beta of 1.16.
Washington Federal (NASDAQ:WAFD) last posted its quarterly earnings data on Wednesday, October 18th. The bank reported $0.52 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.49 by $0.03. Washington Federal had a net margin of 28.87% and a return on equity of 8.63%. The business had revenue of $128.69 million during the quarter, compared to the consensus estimate of $121.46 million. research analysts predict that Washington Federal, Inc. will post 2.07 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, November 20th. Investors of record on Monday, November 6th will be issued a dividend of $0.15 per share. The ex-dividend date of this dividend is Friday, November 3rd. This represents a $0.60 annualized dividend and a dividend yield of 1.79%. Washington Federal’s dividend payout ratio (DPR) is presently 30.93%.
WAFD has been the subject of several recent analyst reports. ValuEngine downgraded shares of Washington Federal from a “buy” rating to a “hold” rating in a research note on Thursday, September 7th. Zacks Investment Research upgraded shares of Washington Federal from a “hold” rating to a “buy” rating and set a $35.00 target price for the company in a research note on Friday, September 1st. Royal Bank Of Canada restated a “hold” rating and issued a $35.00 target price on shares of Washington Federal in a research note on Friday, September 8th. Keefe, Bruyette & Woods restated a “hold” rating and issued a $34.00 target price on shares of Washington Federal in a research note on Tuesday, July 25th. Finally, Piper Jaffray Companies restated a “hold” rating and issued a $34.00 target price on shares of Washington Federal in a research note on Friday, October 6th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $36.00.
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Washington Federal 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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