Washington Federal, Inc. (WAFD) Position Increased by Schwab Charles Investment Management Inc.
Schwab Charles Investment Management Inc. lifted its stake in Washington Federal, Inc. (NASDAQ:WAFD) by 4.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 573,593 shares of the bank’s stock after purchasing an additional 25,933 shares during the period. Schwab Charles Investment Management Inc. owned approximately 0.66% of Washington Federal worth $19,302,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently made changes to their positions in WAFD. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Washington Federal by 7.9% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,117 shares of the bank’s stock valued at $137,000 after purchasing an additional 301 shares during the period. Public Employees Retirement System of Ohio lifted its stake in shares of Washington Federal by 1.1% in the second quarter. Public Employees Retirement System of Ohio now owns 5,522 shares of the bank’s stock valued at $183,000 after purchasing an additional 62 shares during the period. Koch Industries Inc. acquired a new stake in shares of Washington Federal in the second quarter valued at about $213,000. Raymond James Financial Services Advisors Inc. lifted its stake in shares of Washington Federal by 1.9% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 6,641 shares of the bank’s stock valued at $220,000 after purchasing an additional 127 shares during the period. Finally, Brighton Jones LLC acquired a new stake in shares of Washington Federal in the second quarter valued at about $221,000. Hedge funds and other institutional investors own 83.39% of the company’s stock.
A number of equities analysts have issued reports on the stock. ValuEngine cut shares of Washington Federal from a “buy” rating to a “hold” rating in a research report 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 report on Friday, September 1st. Royal Bank of Canada restated a “hold” rating and set a $35.00 target price on shares of Washington Federal in a research report on Friday, September 8th. Finally, Piper Jaffray Companies restated a “hold” rating and set a $34.00 target price on shares of Washington Federal in a research report on Friday, October 6th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the stock. Washington Federal currently has an average rating of “Hold” and an average price target of $36.00.
Washington Federal (NASDAQ:WAFD) last announced its earnings results on Wednesday, October 18th. The bank reported $0.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.49 by $0.03. The company had revenue of $128.69 million during the quarter, compared to analysts’ expectations of $121.46 million. Washington Federal had a net margin of 28.87% and a return on equity of 8.63%. equities analysts expect that Washington Federal, Inc. will post 2.07 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Monday, November 20th. Stockholders of record on Monday, November 6th were issued a dividend of $0.15 per share. The ex-dividend date was Friday, November 3rd. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.71%. Washington Federal’s dividend payout ratio (DPR) is presently 30.93%.
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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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