BlueCrest Capital Management Ltd grew its stake in shares of Washington Federal Inc. (NASDAQ:WAFD) by 68.7% during the fourth quarter, Holdings Channel reports. The institutional investor owned 31,827 shares of the bank’s stock after purchasing an additional 12,963 shares during the quarter. BlueCrest Capital Management Ltd’s holdings in Washington Federal were worth $1,090,000 at the end of the most recent quarter.
Several other large investors also recently made changes to their positions in WAFD. Public Employees Retirement System of Ohio grew its stake in shares of Washington Federal by 1.1% during the second quarter. Public Employees Retirement System of Ohio now owns 5,522 shares of the bank’s stock valued at $183,000 after buying an additional 62 shares during the last quarter. Acadian Asset Management LLC bought a new position in shares of Washington Federal during the fourth quarter valued at about $199,000. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Washington Federal by 42.7% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,877 shares of the bank’s stock valued at $201,000 after buying an additional 1,760 shares during the last quarter. Ramsey Quantitative Systems bought a new position in shares of Washington Federal during the fourth quarter valued at about $239,000. Finally, Victory Capital Management Inc. bought a new position in shares of Washington Federal during the third quarter valued at about $259,000. 84.50% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Washington Federal Inc. (NASDAQ WAFD) opened at $36.00 on Wednesday. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 1.20. The stock has a market capitalization of $3,086.46, a PE ratio of 17.39, a P/E/G ratio of 1.47 and a beta of 1.13. Washington Federal Inc. has a 12 month low of $29.80 and a 12 month high of $37.70.
Washington Federal (NASDAQ:WAFD) last posted its earnings results on Wednesday, January 17th. The bank reported $0.59 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.51 by $0.08. The company had revenue of $122.53 million for the quarter, compared to analysts’ expectations of $124.98 million. Washington Federal had a return on equity of 9.14% and a net margin of 30.20%. analysts predict that Washington Federal Inc. will post 2.44 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Friday, February 23rd. Investors of record on Friday, February 9th were paid a $0.17 dividend. The ex-dividend date of this dividend was Thursday, February 8th. This is a boost from Washington Federal’s previous quarterly dividend of $0.15. This represents a $0.68 annualized dividend and a dividend yield of 1.89%. Washington Federal’s dividend payout ratio (DPR) is presently 32.85%.
Washington Federal announced that its board has initiated a stock buyback program on Wednesday, January 24th that allows the company to repurchase 5,000,000 outstanding shares. This repurchase authorization allows the bank to purchase shares of its stock through open market purchases. Shares repurchase programs are usually a sign that the company’s board of directors believes its shares are undervalued.
A number of research analysts have recently issued reports on the company. DA Davidson reaffirmed a “hold” rating and set a $39.00 price objective on shares of Washington Federal in a research note on Thursday, January 18th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $38.00 price objective on shares of Washington Federal in a research note on Thursday, January 18th. BidaskClub cut Washington Federal from a “hold” rating to a “sell” rating in a research note on Wednesday, January 31st. Finally, ValuEngine raised Washington Federal from a “hold” rating to a “buy” rating in a research note on Wednesday, March 7th. Five research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Washington Federal currently has a consensus rating of “Hold” and an average target price of $37.40.
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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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