News articles about Washington Federal (NASDAQ:WAFD) have been trending somewhat positive this week, according to Accern Sentiment Analysis. The research group ranks the sentiment of news coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Washington Federal earned a media sentiment score of 0.22 on Accern’s scale. Accern also gave press coverage about the bank an impact score of 46.4384183443845 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
Shares of Washington Federal (WAFD) traded down $0.10 during trading on Monday, reaching $35.15. 546,141 shares of the company’s stock were exchanged, compared to its average volume of 472,808. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 1.20. The stock has a market cap of $3,030.57, a P/E ratio of 17.03, a P/E/G ratio of 1.45 and a beta of 1.14. Washington Federal has a fifty-two week low of $29.80 and a fifty-two week high of $37.70.
Washington Federal (NASDAQ:WAFD) last issued its quarterly earnings data on Wednesday, January 17th. The bank reported $0.59 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.51 by $0.08. The business had revenue of $122.53 million for the quarter, compared to the consensus estimate of $124.98 million. Washington Federal had a net margin of 30.20% and a return on equity of 9.14%. sell-side analysts expect that Washington Federal will post 2.44 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 23rd. Shareholders of record on Friday, February 9th will be given a dividend of $0.17 per share. This is an increase from Washington Federal’s previous quarterly dividend of $0.15. This represents a $0.68 dividend on an annualized basis and a yield of 1.93%. The ex-dividend date is Thursday, February 8th. Washington Federal’s payout ratio is presently 32.85%.
Washington Federal declared that its Board of Directors has initiated a share buyback plan on Wednesday, January 24th that authorizes the company to buyback 5,000,000 outstanding shares. This buyback authorization authorizes the bank to purchase shares of its stock through open market purchases. Shares buyback plans are generally an indication that the company’s management believes its shares are undervalued.
A number of equities research analysts recently commented on WAFD shares. Zacks Investment Research upgraded shares of Washington Federal from a “hold” rating to a “buy” rating and set a $40.00 price target for the company in a report on Monday, October 23rd. ValuEngine upgraded shares of Washington Federal from a “hold” rating to a “buy” rating in a report on Sunday, December 31st. Royal Bank of Canada reiterated a “hold” rating and set a $36.00 price target on shares of Washington Federal in a report on Friday, October 20th. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $38.00 price target on shares of Washington Federal in a report on Thursday, January 18th. Finally, DA Davidson reiterated a “hold” rating and set a $39.00 price target on shares of Washington Federal in a report on Thursday, January 18th. Five equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $37.40.
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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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