BidaskClub upgraded shares of Washington Federal (NASDAQ:WAFD) from a hold rating to a buy rating in a research report released on Friday morning, BidAskClub reports.

Other research analysts have also issued research reports about the company. ValuEngine raised Washington Federal from a sell rating to a hold rating in a research report on Tuesday, April 16th. Zacks Investment Research raised Washington Federal from a sell rating to a hold rating in a research report on Monday, February 4th. Finally, TheStreet raised Washington Federal from a c+ rating to a b- rating in a research report on Thursday, January 24th. Three research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The stock currently has an average rating of Hold and a consensus target price of $36.00.

NASDAQ WAFD opened at $32.87 on Friday. Washington Federal has a fifty-two week low of $24.67 and a fifty-two week high of $35.25. The company has a debt-to-equity ratio of 1.30, a current ratio of 1.04 and a quick ratio of 1.03. The company has a market capitalization of $2.67 billion, a price-to-earnings ratio of 13.70, a price-to-earnings-growth ratio of 1.84 and a beta of 1.11.

Washington Federal (NASDAQ:WAFD) last announced its earnings results on Monday, April 15th. The bank reported $0.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.61 by $0.02. Washington Federal had a return on equity of 10.39% and a net margin of 29.61%. The firm had revenue of $132.88 million during the quarter, compared to analyst estimates of $133.44 million. During the same quarter in the prior year, the company earned $0.57 EPS. As a group, research analysts expect that Washington Federal will post 2.56 earnings per share for the current year.

Several large investors have recently made changes to their positions in the company. BTIM Corp. raised its position in shares of Washington Federal by 7.1% in the 1st quarter. BTIM Corp. now owns 336,029 shares of the bank’s stock worth $9,708,000 after acquiring an additional 22,333 shares in the last quarter. First Citizens Bank & Trust Co. bought a new position in shares of Washington Federal in the 1st quarter worth approximately $409,000. Deutsche Bank AG increased its position in Washington Federal by 59.4% during the 4th quarter. Deutsche Bank AG now owns 580,500 shares of the bank’s stock valued at $15,503,000 after buying an additional 216,367 shares in the last quarter. American Century Companies Inc. increased its position in Washington Federal by 31.8% during the 4th quarter. American Century Companies Inc. now owns 255,382 shares of the bank’s stock valued at $6,821,000 after buying an additional 61,620 shares in the last quarter. Finally, Geode Capital Management LLC increased its position in Washington Federal by 6.5% during the 4th quarter. Geode Capital Management LLC now owns 955,671 shares of the bank’s stock valued at $25,525,000 after buying an additional 58,527 shares in the last quarter. 87.29% of the stock is 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 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.

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