MetLife Investment Advisors LLC reduced its holdings in Washington Federal Inc. (NASDAQ:WAFD) by 4.4% in the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 91,557 shares of the bank’s stock after selling 4,193 shares during the quarter. MetLife Investment Advisors LLC owned approximately 0.11% of Washington Federal worth $3,168,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also made changes to their positions in WAFD. Profund Advisors LLC increased its position in shares of Washington Federal by 12.2% during the fourth quarter. Profund Advisors LLC now owns 15,543 shares of the bank’s stock worth $532,000 after buying an additional 1,695 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its position 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 worth $201,000 after buying an additional 1,760 shares during the period. M&T Bank Corp boosted its stake in Washington Federal by 24.2% during the fourth quarter. M&T Bank Corp now owns 9,291 shares of the bank’s stock worth $317,000 after acquiring an additional 1,812 shares in the last quarter. Evergreen Capital Management LLC boosted its stake in Washington Federal by 23.3% during the first quarter. Evergreen Capital Management LLC now owns 10,277 shares of the bank’s stock worth $356,000 after acquiring an additional 1,945 shares in the last quarter. Finally, Flinton Capital Management LLC boosted its stake in Washington Federal by 15.1% during the fourth quarter. Flinton Capital Management LLC now owns 15,266 shares of the bank’s stock worth $523,000 after acquiring an additional 2,006 shares in the last quarter. Hedge funds and other institutional investors own 83.34% of the company’s stock.
Several brokerages recently issued reports on WAFD. Zacks Investment Research lowered shares of Washington Federal from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, March 20th. ValuEngine raised shares of Washington Federal from a “hold” rating to a “buy” rating in a research note on Wednesday, March 7th. DA Davidson cut their target price on shares of Washington Federal from $39.00 to $36.00 and set a “neutral” rating on the stock in a research note on Thursday, April 12th. Piper Jaffray Companies reissued a “hold” rating and set a $35.00 target price on shares of Washington Federal in a research note on Thursday, April 12th. Finally, Royal Bank of Canada reissued a “hold” rating and set a $36.00 target price on shares of Washington Federal in a research note on Thursday, April 12th. Seven investment analysts have rated the stock with a hold rating, The stock presently has an average rating of “Hold” and a consensus target price of $37.00.
Shares of NASDAQ WAFD opened at $34.00 on Friday. The firm has a market cap of $2.84 billion, a P/E ratio of 17.53, a P/E/G ratio of 1.42 and a beta of 1.16. Washington Federal Inc. has a 12-month low of $29.80 and a 12-month high of $37.70. The company has a debt-to-equity ratio of 1.17, a quick ratio of 1.02 and a current ratio of 1.02.
Washington Federal (NASDAQ:WAFD) last released its quarterly earnings data on Wednesday, April 11th. The bank reported $0.57 earnings per share for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.02). Washington Federal had a net margin of 30.61% and a return on equity of 9.53%. The business had revenue of $129.89 million during the quarter, compared to the consensus estimate of $131.87 million. During the same period last year, the business posted $0.47 earnings per share. equities research analysts predict that Washington Federal Inc. will post 2.36 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 25th. Shareholders of record on Friday, May 11th were paid a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 2.00%. The ex-dividend date was Thursday, May 10th. Washington Federal’s dividend payout ratio (DPR) is 35.05%.
Washington Federal Profile
Washington Federal, Inc operates as the bank holding company for Washington Federal, National Association that provides lending, depository, insurance, and other banking services to consumers, mid-sized and large businesses, and owners and developers of commercial real estate in the United States. The company accepts deposit products, such as business and personal checking accounts, and term certificates of deposit, as well as money market accounts and passbook savings accounts.
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