Russell Investments Group Ltd. increased its stake in shares of Washington Federal, Inc. (NASDAQ:WAFD) by 71.9% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 80,913 shares of the bank’s stock after acquiring an additional 33,853 shares during the quarter. Russell Investments Group Ltd. owned approximately 0.09% of Washington Federal worth $2,722,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Washington Federal by 7.9% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,117 shares of the bank’s stock worth $137,000 after buying an additional 301 shares during the period. Public Employees Retirement System of Ohio lifted its holdings in Washington Federal by 1.1% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 5,522 shares of the bank’s stock worth $183,000 after buying an additional 62 shares during the period. Koch Industries Inc. purchased a new stake in Washington Federal in the 2nd quarter worth approximately $213,000. Raymond James Financial Services Advisors Inc. lifted its holdings in Washington Federal by 1.9% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 6,641 shares of the bank’s stock worth $220,000 after buying an additional 127 shares during the period. Finally, Brighton Jones LLC purchased a new stake in Washington Federal in the 2nd quarter worth approximately $221,000. Institutional investors and hedge funds own 83.23% of the company’s stock.
Several equities research analysts have weighed in on the company. Zacks Investment Research upgraded Washington Federal from a “hold” rating to a “buy” rating and set a $40.00 price objective for the company in a report on Monday, October 23rd. ValuEngine cut Washington Federal from a “buy” rating to a “hold” rating in a report on Saturday, November 25th. BidaskClub cut Washington Federal from a “hold” rating to a “sell” rating in a report on Friday, January 5th. Royal Bank of Canada reiterated a “hold” rating and issued a $36.00 price objective on shares of Washington Federal in a report on Friday, October 20th. Finally, Piper Jaffray Companies restated a “hold” rating and issued a $34.00 target price on shares of Washington Federal in a research note on Friday, October 6th. One analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $36.00.
Washington Federal, Inc. (NASDAQ WAFD) traded up $0.45 on Thursday, hitting $35.30. The stock had a trading volume of 564,865 shares, compared to its average volume of 402,371. The stock has a market cap of $3,010.00, a PE ratio of 18.10, a PEG ratio of 1.66 and a beta of 1.15. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 1.11. Washington Federal, Inc. has a 52 week low of $29.80 and a 52 week high of $35.90.
Washington Federal (NASDAQ:WAFD) last released its earnings results on Wednesday, October 18th. The bank reported $0.52 EPS for the quarter, beating the Zacks’ consensus estimate of $0.49 by $0.03. The company had revenue of $128.69 million during the quarter, compared to analysts’ expectations of $121.46 million. Washington Federal had a return on equity of 8.63% and a net margin of 28.87%. sell-side analysts predict that Washington Federal, Inc. will post 2.07 EPS for the current fiscal year.
TRADEMARK VIOLATION NOTICE: This piece of content was originally posted by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are viewing this piece of content on another domain, it was stolen and reposted in violation of U.S. & international copyright & trademark laws. The correct version of this piece of content can be accessed at https://www.dispatchtribunal.com/2018/01/11/russell-investments-group-ltd-buys-33853-shares-of-washington-federal-inc-wafd.html.
Washington Federal Company Profile
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.
Receive News & Ratings for Washington Federal Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Washington Federal and related companies with MarketBeat.com's FREE daily email newsletter.