Alps Advisors Inc. lessened its holdings in Washington Federal Inc. (NASDAQ:WAFD) by 23.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,194 shares of the bank’s stock after selling 2,497 shares during the period. Alps Advisors Inc.’s holdings in Washington Federal were worth $281,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also bought and sold shares of WAFD. Public Employees Retirement System of Ohio raised its holdings in shares of 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. Acadian Asset Management LLC acquired a new stake in shares of Washington Federal in the 4th quarter worth about $199,000. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Washington Federal by 42.7% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,877 shares of the bank’s stock worth $201,000 after acquiring an additional 1,760 shares during the last quarter. Koch Industries Inc. acquired a new stake in shares of Washington Federal in the 2nd quarter worth about $213,000. Finally, Raymond James Financial Services Advisors Inc. raised its holdings in shares of 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. Institutional investors own 83.11% of the company’s stock.
A number of research firms recently weighed in on WAFD. BidaskClub upgraded shares of Washington Federal from a “sell” rating to a “hold” rating in a report on Tuesday, February 6th. ValuEngine raised shares of Washington Federal from a “hold” rating to a “buy” rating in a research report on Friday, December 1st. Zacks Investment Research raised shares of Washington Federal from a “hold” rating to a “buy” rating and set a $40.00 price objective for the company in a research report on Monday, October 23rd. DA Davidson reaffirmed a “hold” rating and issued a $39.00 price objective on shares of Washington Federal in a research report on Thursday, January 18th. Finally, Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $38.00 price objective on shares of Washington Federal in a research report on Thursday, January 18th. Five investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Washington Federal currently has a consensus rating of “Hold” and an average price target of $37.40.
Shares of Washington Federal Inc. (NASDAQ:WAFD) opened at $35.10 on Wednesday. Washington Federal Inc. has a 52-week low of $29.80 and a 52-week high of $37.70. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.03 and a quick ratio of 1.03. The stock has a market cap of $3,030.57, a PE ratio of 16.96, a price-to-earnings-growth ratio of 1.45 and a beta of 1.14.
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, topping the Zacks’ consensus estimate of $0.51 by $0.08. Washington Federal had a net margin of 30.20% and a return on equity of 9.14%. The business had revenue of $122.53 million during the quarter, compared to the consensus estimate of $124.98 million. equities analysts predict that Washington Federal Inc. will post 2.44 earnings per share for the current fiscal year.
Washington Federal declared that its board has authorized a share buyback plan on Wednesday, January 24th that authorizes the company to buyback 5,000,000 shares. This buyback authorization authorizes the bank to repurchase shares of its stock through open market purchases. Shares buyback plans are often a sign that the company’s leadership believes its shares are undervalued.
The company 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 $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 1.94%. This is an increase from Washington Federal’s previous quarterly dividend of $0.15. The ex-dividend date is Thursday, February 8th. Washington Federal’s dividend payout ratio is presently 32.85%.
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Washington Federal 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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