ValuEngine cut shares of Washington Federal (NASDAQ:WAFD) from a hold rating to a sell rating in a research report sent to investors on Monday morning.

Several other research firms also recently issued reports on WAFD. BidaskClub upgraded Washington Federal from a hold rating to a buy rating in a research report on Friday, August 17th. Zacks Investment Research cut shares of Washington Federal from a hold rating to a sell rating in a report on Friday, July 20th. Finally, Royal Bank of Canada reaffirmed a hold rating and issued a $35.00 price target on shares of Washington Federal in a report on Friday, July 20th. One analyst has rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the stock. The stock has a consensus rating of Hold and an average target price of $36.20.

NASDAQ:WAFD opened at $32.15 on Monday. The firm has a market cap of $2.74 billion, a price-to-earnings ratio of 16.70, a P/E/G ratio of 1.38 and a beta of 1.10. Washington Federal has a 1 year low of $31.11 and a 1 year high of $37.70. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 1.19.

Washington Federal (NASDAQ:WAFD) last posted its earnings results on Wednesday, July 18th. The bank reported $0.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.59 by $0.02. The firm had revenue of $132.30 million for the quarter, compared to the consensus estimate of $131.70 million. Washington Federal had a return on equity of 9.93% and a net margin of 30.99%. During the same quarter in the prior year, the business posted $0.49 earnings per share. analysts predict that Washington Federal will post 2.37 earnings per share for the current fiscal year.

Several institutional investors have recently added to or reduced their stakes in WAFD. BlackRock Inc. increased its holdings in shares of Washington Federal by 12.3% in the second quarter. BlackRock Inc. now owns 11,782,908 shares of the bank’s stock worth $385,301,000 after purchasing an additional 1,286,456 shares during the period. Brown Advisory Inc. bought a new position in shares of Washington Federal in the first quarter worth $33,149,000. Bank of America Corp DE increased its holdings in shares of Washington Federal by 51.9% in the second quarter. Bank of America Corp DE now owns 942,917 shares of the bank’s stock worth $30,833,000 after purchasing an additional 322,153 shares during the period. Federated Investors Inc. PA increased its holdings in shares of Washington Federal by 570.0% in the second quarter. Federated Investors Inc. PA now owns 269,606 shares of the bank’s stock worth $8,816,000 after purchasing an additional 229,364 shares during the period. Finally, Principal Financial Group Inc. increased its holdings in shares of Washington Federal by 12.3% in the first quarter. Principal Financial Group Inc. now owns 1,301,596 shares of the bank’s stock worth $45,035,000 after purchasing an additional 142,766 shares during the period. 84.22% of the stock is currently owned by hedge funds and other institutional investors.

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 to consumers, mid-sized and large businesses, and owners and developers of commercial real estate in the United States. The company accepts deposit products, such as business and personal checking accounts, and term certificates of deposit, as well as money market accounts and passbook savings accounts.

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