Washington Federal’s (NASDAQ:WAFD) Hold Rating Reaffirmed at Keefe, Bruyette & Woods
Keefe, Bruyette & Woods restated their hold rating on shares of Washington Federal, Inc. (NASDAQ:WAFD) in a research report report published on Tuesday. The firm currently has a $34.00 price target on the bank’s stock.
Other equities research analysts have also issued reports about the stock. Zacks Investment Research lowered shares of Washington Federal from a buy rating to a hold rating in a report on Friday, May 26th. BidaskClub raised shares of Washington Federal from a sell rating to a hold rating in a report on Saturday, June 10th. Piper Jaffray Companies reaffirmed a neutral rating and set a $30.00 price target (down from $32.00) on shares of Washington Federal in a report on Monday, April 17th. Finally, Royal Bank Of Canada reaffirmed a hold rating and set a $35.00 price target on shares of Washington Federal in a report on Tuesday, April 4th. One analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company’s stock. The company currently has a consensus rating of Hold and a consensus target price of $34.00.
Shares of Washington Federal (NASDAQ:WAFD) traded down 0.15% during trading on Tuesday, hitting $33.15. 309,486 shares of the stock were exchanged. The firm has a 50 day moving average price of $33.46 and a 200 day moving average price of $33.29. The firm has a market capitalization of $2.94 billion, a P/E ratio of 17.44 and a beta of 1.12. Washington Federal has a 52 week low of $24.37 and a 52 week high of $35.95.
Washington Federal (NASDAQ:WAFD) last announced its quarterly earnings results on Tuesday, July 18th. The bank reported $0.49 earnings per share (EPS) for the quarter, beating 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 net margin of 29.06% and a return on equity of 8.57%. Analysts forecast that Washington Federal will post $1.91 EPS for the current fiscal year.
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The business also recently declared a quarterly dividend, which will be paid on Friday, August 18th. Investors 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 1.81%. The ex-dividend date of this dividend is Wednesday, August 2nd. Washington Federal’s dividend payout ratio (DPR) is presently 31.41%.
In other Washington Federal news, Director Anna C. Johnson sold 4,200 shares of the business’s stock in a transaction that occurred on Friday, May 26th. The shares were sold at an average price of $32.25, for a total transaction of $135,450.00. Following the sale, the director now directly owns 28,590 shares of the company’s stock, valued at approximately $922,027.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Thomas J. Kelley sold 6,100 shares of the business’s stock in a transaction that occurred 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 sale, the director now directly owns 21,185 shares in the company, valued at $714,358.20. The disclosure for this sale can be found here. Insiders own 1.28% of the company’s stock.
A number of large investors have recently bought and sold shares of the company. Russell Investments Group Ltd. acquired a new stake in Washington Federal during the fourth quarter worth $1,343,000. Two Sigma Investments LP acquired a new stake in Washington Federal during the fourth quarter worth $683,000. Thrivent Financial for Lutherans raised its stake in Washington Federal by 8.6% in the fourth quarter. Thrivent Financial for Lutherans now owns 15,357 shares of the bank’s stock worth $528,000 after buying an additional 1,220 shares during the last quarter. Teachers Advisors LLC raised its stake in Washington Federal by 2.3% in the fourth quarter. Teachers Advisors LLC now owns 660,546 shares of the bank’s stock worth $22,690,000 after buying an additional 14,580 shares during the last quarter. Finally, Highbridge Capital Management LLC acquired a new stake in Washington Federal during the fourth quarter worth $1,426,000. 83.18% of the stock is currently owned by hedge funds and other institutional investors.
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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