Shares of Washington Federal, Inc. (NASDAQ:WAFD) have earned a consensus recommendation of “Hold” from the six brokerages that are currently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and two have issued a buy recommendation on the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $36.00.
A number of equities analysts recently commented on WAFD shares. Royal Bank of Canada reiterated a “hold” rating and issued a $36.00 target price on shares of Washington Federal in a research report on Friday, October 20th. ValuEngine cut shares of Washington Federal from a “buy” rating to a “hold” rating in a research report on Saturday, November 25th. Piper Jaffray Companies reiterated a “hold” rating and issued a $34.00 target price on shares of Washington Federal in a research report on Friday, October 6th. Zacks Investment Research upgraded shares of Washington Federal from a “hold” rating to a “buy” rating and set a $40.00 target price on the stock in a research report on Monday, October 23rd. Finally, BidaskClub cut shares of Washington Federal from a “hold” rating to a “sell” rating in a research report on Friday, January 5th.
Shares of Washington Federal (WAFD) traded up $0.35 during trading hours on Wednesday, reaching $35.65. 623,000 shares of the company were exchanged, compared to its average volume of 390,396. The stock has a market cap of $3,063.71, a PE ratio of 18.38, a PEG ratio of 1.65 and a beta of 1.15. Washington Federal has a one year low of $29.80 and a one year high of $35.90. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.02 and a current ratio of 1.02.
Washington Federal (NASDAQ:WAFD) last issued its earnings results on Wednesday, October 18th. The bank reported $0.52 EPS for the quarter, topping analysts’ consensus estimates of $0.49 by $0.03. The company had revenue of $128.69 million for the quarter, compared to analysts’ expectations of $121.46 million. Washington Federal had a net margin of 28.87% and a return on equity of 8.63%. equities research analysts predict that Washington Federal will post 2.14 EPS for the current fiscal year.
A number of institutional investors have recently made changes to their positions in WAFD. Zurcher Kantonalbank Zurich Cantonalbank grew 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 acquiring an additional 301 shares during the last quarter. Public Employees Retirement System of Ohio grew 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 acquiring an additional 62 shares during the last quarter. Koch Industries Inc. bought a new stake in Washington Federal in the 2nd quarter worth $213,000. Raymond James Financial Services Advisors Inc. grew 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 acquiring an additional 127 shares during the last quarter. Finally, Adviser Investments LLC bought a new stake in Washington Federal in the 3rd quarter worth $222,000. 83.23% of the stock is currently owned by institutional investors and hedge funds.
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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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