Washington Federal, Inc. (NASDAQ:WAFD) released its earnings results on Wednesday, October 18th. The bank reported $0.52 earnings per share for the quarter, beating analysts’ consensus estimates of $0.49 by $0.03, Bloomberg Earnings reports. The business had revenue of $128.69 million during the quarter, compared to the consensus estimate of $121.46 million. Washington Federal had a net margin of 28.87% and a return on equity of 8.63%.
Washington Federal (NASDAQ:WAFD) traded down 0.85% on Friday, reaching $35.10. The company’s stock had a trading volume of 202,790 shares. The stock has a 50-day moving average of $33.28 and a 200-day moving average of $33.03. Washington Federal has a one year low of $26.63 and a one year high of $35.95. The stock has a market cap of $3.10 billion, a P/E ratio of 18.46 and a beta of 1.14.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 20th. Investors of record on Monday, November 6th will be issued a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 1.69%. The ex-dividend date of this dividend is Friday, November 3rd. Washington Federal’s dividend payout ratio (DPR) is currently 30.93%.
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WAFD has been the subject of several recent analyst reports. Zacks Investment Research raised shares of Washington Federal from a “hold” rating to a “buy” rating and set a $35.00 price objective for the company in a research report on Friday, September 1st. Piper Jaffray Companies reiterated a “hold” rating and issued a $34.00 target price on shares of Washington Federal in a report on Friday, October 6th. ValuEngine upgraded Washington Federal from a “hold” rating to a “buy” rating in a report on Tuesday, September 26th. BidaskClub cut Washington Federal from a “sell” rating to a “strong sell” rating in a research note on Monday, July 31st. Finally, Royal Bank Of Canada restated a “hold” rating and set a $36.00 price objective on shares of Washington Federal in a research note on Friday, October 20th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $36.00.
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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