Washington Federal, Inc. (WAFD) Shares Sold by Tradewinds Capital Management LLC
Tradewinds Capital Management LLC reduced its stake in Washington Federal, Inc. (NASDAQ:WAFD) by 11.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 20,623 shares of the bank’s stock after selling 2,591 shares during the period. Tradewinds Capital Management LLC’s holdings in Washington Federal were worth $685,000 at the end of the most recent reporting period.
Other large investors also recently made changes to their positions in the company. BlackRock Inc. boosted its position in shares of Washington Federal by 16,855.9% in the first quarter. BlackRock Inc. now owns 9,559,901 shares of the bank’s stock valued at $316,434,000 after buying an additional 9,503,520 shares during the period. Vanguard Group Inc. boosted its position in shares of Washington Federal by 0.5% in the first quarter. Vanguard Group Inc. now owns 9,365,735 shares of the bank’s stock valued at $310,006,000 after buying an additional 48,928 shares during the period. FMR LLC boosted its position in shares of Washington Federal by 0.3% in the first quarter. FMR LLC now owns 7,466,889 shares of the bank’s stock valued at $247,154,000 after buying an additional 24,082 shares during the period. State Street Corp boosted its position in shares of Washington Federal by 8.4% in the first quarter. State Street Corp now owns 3,619,821 shares of the bank’s stock valued at $119,814,000 after buying an additional 281,548 shares during the period. Finally, Frontier Capital Management Co. LLC boosted its position in shares of Washington Federal by 3.2% in the first quarter. Frontier Capital Management Co. LLC now owns 1,916,809 shares of the bank’s stock valued at $63,446,000 after buying an additional 58,826 shares during the period. Institutional investors and hedge funds own 83.94% of the company’s stock.
Washington Federal, Inc. (WAFD) opened at 32.85 on Thursday. The firm’s 50 day moving average price is $33.26 and its 200-day moving average price is $33.27. Washington Federal, Inc. has a one year low of $25.08 and a one year high of $35.95. The company has a market capitalization of $2.90 billion, a PE ratio of 17.28 and a beta of 1.12.
Washington Federal (NASDAQ:WAFD) last released its earnings results on Tuesday, July 18th. The bank reported $0.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.47 by $0.02. The company had revenue of $122.54 million for the quarter, compared to analyst estimates of $120.35 million. Washington Federal had a return on equity of 8.57% and a net margin of 29.06%. Equities analysts forecast that Washington Federal, Inc. will post $1.91 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, August 18th. Stockholders of record on Friday, August 4th will be issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 1.83%. The ex-dividend date is Wednesday, August 2nd. Washington Federal’s dividend payout ratio (DPR) is currently 31.41%.
Several brokerages recently commented on WAFD. Zacks Investment Research raised Washington Federal from a “hold” rating to a “buy” rating and set a $39.00 target price for the company in a research report on Monday, June 12th. BidaskClub raised Washington Federal from a “sell” rating to a “hold” rating in a research report on Saturday, June 10th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $34.00 target price on shares of Washington Federal in a research report on Tuesday, July 25th. Finally, Piper Jaffray Companies reaffirmed a “neutral” rating and issued a $30.00 target price (down from $32.00) on shares of Washington Federal in a research report on Monday, April 17th. One analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $34.00.
In related news, Director Thomas J. Kelley sold 6,100 shares of the company’s stock in a transaction on Wednesday, July 26th. The stock was sold at an average price of $33.72, for a total transaction of $205,692.00. Following the completion of the sale, the director now directly owns 21,185 shares in the company, valued at approximately $714,358.20. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Anna C. Johnson sold 4,200 shares of the company’s stock in a transaction on Friday, May 26th. The stock was sold at an average price of $32.25, for a total value of $135,450.00. Following the sale, the director now owns 28,590 shares of the company’s stock, valued at $922,027.50. The disclosure for this sale can be found here. Corporate insiders own 1.28% of the company’s stock.
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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