Washington Federal, Inc. (WAFD) Shares Bought by Principal Financial Group Inc.
Principal Financial Group Inc. increased its stake in shares of Washington Federal, Inc. (NASDAQ:WAFD) by 3.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 973,517 shares of the bank’s stock after acquiring an additional 29,294 shares during the quarter. Principal Financial Group Inc. owned about 1.10% of Washington Federal worth $32,759,000 at the end of the most recent quarter.
A number of other large investors also recently made changes to their positions in the stock. Teacher Retirement System of Texas raised its stake in Washington Federal by 0.7% during the 2nd quarter. Teacher Retirement System of Texas now owns 7,157 shares of the bank’s stock worth $238,000 after acquiring an additional 48 shares in the last quarter. Public Employees Retirement System of Ohio grew its position in Washington Federal by 1.1% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 5,522 shares of the bank’s stock worth $183,000 after purchasing an additional 62 shares during the last quarter. Creative Planning grew its position in Washington Federal by 3.1% during the 2nd quarter. Creative Planning now owns 3,327 shares of the bank’s stock worth $110,000 after purchasing an additional 101 shares during the last quarter. Raymond James Financial Services Advisors Inc. grew its position in Washington Federal by 1.9% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 6,641 shares of the bank’s stock worth $220,000 after purchasing an additional 127 shares during the last quarter. Finally, Suntrust Banks Inc. grew its position in Washington Federal by 1.7% during the 2nd quarter. Suntrust Banks Inc. now owns 13,539 shares of the bank’s stock worth $449,000 after purchasing an additional 220 shares during the last quarter. Hedge funds and other institutional investors own 84.78% of the company’s stock.
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Shares of Washington Federal, Inc. (NASDAQ:WAFD) opened at $33.60 on Friday. The firm has a market cap of $2,929.68, a PE ratio of 17.32, a PEG ratio of 1.63 and a beta of 1.16. The company has a quick ratio of 1.03, a current ratio of 1.02 and a debt-to-equity ratio of 1.11. Washington Federal, Inc. has a fifty-two week low of $29.80 and a fifty-two week high of $35.95.
Washington Federal (NASDAQ:WAFD) last issued its earnings results on Wednesday, October 18th. The bank reported $0.52 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.49 by $0.03. The business 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%. sell-side analysts expect that Washington Federal, Inc. will post 2.07 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Monday, November 20th. Stockholders of record on Monday, November 6th will be issued a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 1.79%. The ex-dividend date of this dividend is Friday, November 3rd. Washington Federal’s payout ratio is 30.93%.
Several brokerages have issued reports on WAFD. Zacks Investment Research downgraded shares of Washington Federal from a “buy” rating to a “hold” rating in a research report on Monday, September 18th. ValuEngine raised shares of Washington Federal from a “hold” rating to a “buy” rating in a research report on Tuesday, September 26th. BidaskClub downgraded shares of Washington Federal from a “sell” rating to a “strong sell” rating in a research report on Monday, July 31st. Piper Jaffray Companies reissued a “hold” rating and set a $34.00 price objective on shares of Washington Federal in a research report on Friday, October 6th. Finally, Royal Bank Of Canada reissued a “hold” rating and set a $36.00 price objective on shares of Washington Federal in a research report on Friday, October 20th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given 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.
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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