Allianz Asset Management GmbH reduced its holdings in Washington Federal, Inc. (NASDAQ:WAFD) by 19.0% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 864,649 shares of the bank’s stock after selling 203,254 shares during the quarter. Allianz Asset Management GmbH owned about 0.99% of Washington Federal worth $29,095,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of the company. FMR LLC grew 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 purchasing an additional 549,742 shares during the last quarter. State Street Corp grew 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 purchasing an additional 185,062 shares during the last quarter. Northern Trust Corp grew 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 purchasing an additional 343,912 shares during the last quarter. Goldman Sachs Group Inc. grew 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 purchasing an additional 217,136 shares during the last quarter. Finally, Frontier Capital Management Co. LLC grew 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 purchasing an additional 41,724 shares during the last quarter. 83.39% of the stock is currently owned by institutional investors.

Several equities research analysts have recently issued reports on WAFD shares. ValuEngine downgraded Washington Federal from a “buy” rating to a “hold” rating in a research report on Thursday, September 7th. Zacks Investment Research raised Washington Federal from a “hold” rating to a “buy” rating and set a $35.00 price target on the stock in a research report on Friday, September 1st. Royal Bank Of Canada reaffirmed a “hold” rating and issued a $35.00 price target on shares of Washington Federal in a research report on Friday, September 8th. Finally, Piper Jaffray Companies reaffirmed a “hold” rating and issued a $34.00 price target on shares of Washington Federal in a research report on Friday, October 6th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $36.00.

Shares of Washington Federal, Inc. (WAFD) opened at $34.35 on Friday. Washington Federal, Inc. has a 1 year low of $29.80 and a 1 year high of $35.95. The firm has a market capitalization of $2,993.26, a PE ratio of 17.76, a P/E/G ratio of 1.67 and a beta of 1.14. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.02 and a current ratio of 1.02.

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

The company also recently announced a quarterly dividend, which was paid on Monday, November 20th. Investors of record on Monday, November 6th were given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 1.75%. The ex-dividend date of this dividend was Friday, November 3rd. Washington Federal’s dividend payout ratio (DPR) is presently 30.93%.

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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.

Institutional Ownership by Quarter for Washington Federal (NASDAQ:WAFD)

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