Washington Federal (NASDAQ:WAFD)‘s stock had its “hold” rating reissued by DA Davidson in a report issued on Thursday. They currently have a $39.00 price objective on the bank’s stock. DA Davidson’s price target suggests a potential upside of 4.98% from the company’s current price. DA Davidson also issued estimates for Washington Federal’s Q2 2018 earnings at $0.64 EPS and Q3 2018 earnings at $0.66 EPS.
Other equities research analysts have also recently issued reports about the stock. ValuEngine upgraded shares of Washington Federal from a “hold” rating to a “buy” rating in a research report on Tuesday, September 26th. Zacks Investment Research upgraded shares of Washington Federal from a “hold” rating to a “buy” rating and set a $40.00 target price for the company in a research report on Monday, October 23rd. 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. 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. Finally, BidaskClub upgraded shares of Washington Federal from a “sell” rating to a “hold” rating in a research report on Tuesday. Five analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Washington Federal presently has an average rating of “Hold” and an average price target of $37.40.
Shares of Washington Federal (NASDAQ WAFD) traded up $0.50 during midday trading on Thursday, hitting $37.15. 462,587 shares of the stock were exchanged, compared to its average volume of 426,604. The firm has a market capitalization of $3,270.00, a PE ratio of 17.86, a price-to-earnings-growth ratio of 1.71 and a beta of 1.15. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.03 and a quick ratio of 1.02. Washington Federal has a 1-year low of $29.80 and a 1-year high of $37.30.
Washington Federal (NASDAQ:WAFD) last issued its earnings results on Wednesday, January 17th. The bank reported $0.59 EPS for the quarter, beating the Zacks’ consensus estimate of $0.51 by $0.08. The business had revenue of $122.53 million during the quarter, compared to analysts’ expectations of $124.98 million. Washington Federal had a net margin of 30.20% and a return on equity of 9.14%. equities research analysts expect that Washington Federal will post 2.14 earnings per share for the current fiscal year.
A number of institutional investors have recently added to or reduced their stakes in the stock. FMR LLC increased its position in Washington Federal by 7.4% during the second quarter. FMR LLC now owns 8,016,631 shares of the bank’s stock worth $266,152,000 after purchasing an additional 549,742 shares during the last quarter. State Street Corp increased its position in Washington Federal by 5.1% during the second quarter. State Street Corp now owns 3,804,883 shares of the bank’s stock worth $126,320,000 after purchasing an additional 185,062 shares during the last quarter. Northern Trust Corp increased its position in Washington Federal by 12.8% during the second quarter. Northern Trust Corp now owns 3,039,627 shares of the bank’s stock worth $100,916,000 after purchasing an additional 343,912 shares during the last quarter. Goldman Sachs Group Inc. increased its position in Washington Federal by 12.4% during the second quarter. Goldman Sachs Group Inc. now owns 1,971,317 shares of the bank’s stock worth $65,448,000 after purchasing an additional 217,136 shares during the last quarter. Finally, Frontier Capital Management Co. LLC increased its position in Washington Federal by 2.2% during the third quarter. Frontier Capital Management Co. LLC now owns 1,958,375 shares of the bank’s stock worth $65,899,000 after purchasing an additional 41,724 shares during the last quarter. Hedge funds and other institutional investors own 83.23% of the company’s stock.
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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.
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