Washington Federal, Inc. (NASDAQ:WAFD) has been assigned an average recommendation of “Hold” from the six ratings firms that are currently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and two have issued a buy recommendation on the company. The average 1-year target price among brokerages that have covered the stock in the last year is $36.00.

A number of research firms recently commented on WAFD. Zacks Investment Research raised shares of Washington Federal from a “hold” rating to a “buy” rating and set a $40.00 price objective on the stock in a report on Monday, October 23rd. Royal Bank of Canada reissued a “hold” rating and set a $36.00 price objective on shares of Washington Federal in a report on Friday, October 20th. ValuEngine raised shares of Washington Federal from a “hold” rating to a “buy” rating in a report on Friday, December 1st. BidaskClub downgraded shares of Washington Federal from a “hold” rating to a “sell” rating in a report on Friday, January 5th. Finally, Piper Jaffray Companies reissued a “hold” rating and set a $34.00 price objective on shares of Washington Federal in a report on Friday, October 6th.

Shares of Washington Federal (NASDAQ:WAFD) opened at $34.65 on Wednesday. The company has a market cap of $2,985.59, a PE ratio of 17.86, a P/E/G ratio of 1.66 and a beta of 1.15. Washington Federal has a fifty-two week low of $29.80 and a fifty-two week high of $35.90. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 1.11.

Washington Federal (NASDAQ:WAFD) last released its quarterly earnings data on Wednesday, October 18th. The bank reported $0.52 EPS for the quarter, topping analysts’ consensus estimates of $0.49 by $0.03. The firm had revenue of $128.69 million for the quarter, compared to the consensus estimate of $121.46 million. Washington Federal had a net margin of 28.87% and a return on equity of 8.63%. analysts forecast that Washington Federal will post 2.07 EPS for the current year.

Institutional investors and hedge funds have recently made changes to their positions in the business. FMR LLC raised its position in shares of Washington Federal by 7.4% in the second quarter. FMR LLC now owns 8,016,631 shares of the bank’s stock valued at $266,152,000 after buying an additional 549,742 shares during the last quarter. State Street Corp raised its position in shares of 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 buying an additional 185,062 shares during the last quarter. Northern Trust Corp raised its position in shares of Washington Federal by 12.8% in the second quarter. Northern Trust Corp now owns 3,039,627 shares of the bank’s stock valued at $100,916,000 after buying an additional 343,912 shares during the last quarter. Goldman Sachs Group Inc. raised its position in shares of Washington Federal by 12.4% in the second quarter. Goldman Sachs Group Inc. now owns 1,971,317 shares of the bank’s stock valued at $65,448,000 after buying an additional 217,136 shares during the last quarter. Finally, Frontier Capital Management Co. LLC raised its position in shares of Washington Federal by 2.2% in the third quarter. Frontier Capital Management Co. LLC now owns 1,958,375 shares of the bank’s stock valued at $65,899,000 after buying an additional 41,724 shares during the last quarter. Institutional investors own 83.23% of the company’s stock.

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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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