Shares of Washington Federal Inc. (NASDAQ:WAFD) have been given an average recommendation of “Hold” by the seven research firms that are covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation and five have issued a hold recommendation on the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $35.33.

A number of brokerages have issued reports on WAFD. BidaskClub downgraded Washington Federal from a “buy” rating to a “hold” rating in a report on Thursday. Zacks Investment Research raised Washington Federal from a “sell” rating to a “hold” rating in a report on Monday, March 4th. Finally, TheStreet raised Washington Federal from a “c+” rating to a “b-” rating in a report on Thursday, January 24th.

Institutional investors have recently bought and sold shares of the company. Toronto Dominion Bank purchased a new stake in shares of Washington Federal in the 4th quarter valued at about $27,000. Oregon Public Employees Retirement Fund lifted its holdings in shares of Washington Federal by 2,571.0% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 932,873 shares of the bank’s stock valued at $35,000 after purchasing an additional 897,947 shares during the last quarter. ETF Managers Group LLC lifted its holdings in shares of Washington Federal by 19.4% in the 4th quarter. ETF Managers Group LLC now owns 3,885 shares of the bank’s stock valued at $104,000 after purchasing an additional 630 shares during the last quarter. Advisor Group Inc. lifted its holdings in shares of Washington Federal by 21.4% in the 4th quarter. Advisor Group Inc. now owns 5,598 shares of the bank’s stock valued at $150,000 after purchasing an additional 988 shares during the last quarter. Finally, Honkamp Krueger Financial Services Inc. purchased a new stake in shares of Washington Federal in the 3rd quarter valued at about $160,000. 86.27% of the stock is owned by institutional investors and hedge funds.

WAFD traded up $0.33 on Monday, hitting $30.39. 9,791 shares of the company were exchanged, compared to its average volume of 410,704. Washington Federal has a twelve month low of $24.67 and a twelve month high of $36.35. The stock has a market capitalization of $2.44 billion, a price-to-earnings ratio of 12.65, a PEG ratio of 1.72 and a beta of 1.12. The company has a debt-to-equity ratio of 1.28, a current ratio of 1.03 and a quick ratio of 1.03.

Washington Federal (NASDAQ:WAFD) last announced its quarterly earnings results on Monday, January 14th. The bank reported $0.65 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.61 by $0.04. The company had revenue of $138.16 million during the quarter, compared to the consensus estimate of $133.33 million. Washington Federal had a return on equity of 10.31% and a net margin of 30.16%. On average, research analysts anticipate that Washington Federal will post 2.5 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, February 22nd. Stockholders of record on Friday, February 8th were issued a $0.20 dividend. This is an increase from Washington Federal’s previous quarterly dividend of $0.18. This represents a $0.80 annualized dividend and a dividend yield of 2.63%. The ex-dividend date of this dividend was Thursday, February 7th. Washington Federal’s payout ratio is presently 33.33%.

Washington Federal Company Profile

Washington Federal, Inc operates as the bank holding company for Washington Federal, National Association that provides lending, depository, insurance, and other banking services in the United States. The company accepts deposit products, including business and personal checking accounts, and term certificates of deposit, as well as money market accounts and passbook savings accounts.

Featured Story: Risk Tolerance

Receive News & Ratings for Washington Federal Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Washington Federal and related companies with MarketBeat.com's FREE daily email newsletter.