Bank of Montreal Can grew its stake in Washington Federal Inc. (NASDAQ:WAFD) by 27.8% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 54,091 shares of the bank’s stock after acquiring an additional 11,753 shares during the quarter. Bank of Montreal Can owned about 0.06% of Washington Federal worth $1,730,000 at the end of the most recent quarter.
Several other large investors also recently modified their holdings of the company. BlackRock Inc. increased its stake in Washington Federal by 12.3% in the second quarter. BlackRock Inc. now owns 11,782,908 shares of the bank’s stock valued at $385,301,000 after purchasing an additional 1,286,456 shares during the last quarter. Principal Financial Group Inc. increased its stake in Washington Federal by 12.3% in the first quarter. Principal Financial Group Inc. now owns 1,301,596 shares of the bank’s stock valued at $45,035,000 after purchasing an additional 142,766 shares during the last quarter. Brown Advisory Inc. increased its stake in Washington Federal by 13.4% in the second quarter. Brown Advisory Inc. now owns 1,086,589 shares of the bank’s stock valued at $35,531,000 after purchasing an additional 128,570 shares during the last quarter. Bank of America Corp DE increased its stake in Washington Federal by 51.9% in the second quarter. Bank of America Corp DE now owns 942,917 shares of the bank’s stock valued at $30,833,000 after purchasing an additional 322,153 shares during the last quarter. Finally, Allianz Asset Management GmbH increased its stake in Washington Federal by 2.1% in the first quarter. Allianz Asset Management GmbH now owns 863,983 shares of the bank’s stock valued at $29,894,000 after purchasing an additional 17,697 shares during the last quarter. Institutional investors and hedge funds own 84.27% of the company’s stock.
Several research firms recently commented on WAFD. BidaskClub lowered Washington Federal from a “hold” rating to a “sell” rating in a research note on Monday, November 5th. ValuEngine upgraded Washington Federal from a “sell” rating to a “hold” rating in a research note on Tuesday, August 14th. Zacks Investment Research lowered Washington Federal from a “hold” rating to a “sell” rating in a research note on Friday, July 20th. Finally, Royal Bank of Canada restated a “hold” rating and set a $35.00 price target on shares of Washington Federal in a research note on Friday, July 20th. Three research analysts have rated the stock with a sell rating and four have assigned a hold rating to the company’s stock. Washington Federal currently has a consensus rating of “Hold” and an average price target of $36.20.
Shares of NASDAQ:WAFD opened at $27.67 on Friday. The stock has a market cap of $2.36 billion, a price-to-earnings ratio of 11.53, a PEG ratio of 1.61 and a beta of 1.15. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 1.17. Washington Federal Inc. has a 12 month low of $26.66 and a 12 month high of $37.70.
Washington Federal (NASDAQ:WAFD) last announced its quarterly earnings results on Tuesday, October 16th. The bank reported $0.62 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.62. The company had revenue of $131.50 million during the quarter, compared to analyst estimates of $133.83 million. Washington Federal had a return on equity of 10.22% and a net margin of 31.31%. During the same period in the prior year, the firm posted $0.52 earnings per share. Research analysts predict that Washington Federal Inc. will post 2.5 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, November 23rd. Shareholders of record on Friday, November 9th will be paid a dividend of $0.18 per share. The ex-dividend date is Thursday, November 8th. This represents a $0.72 annualized dividend and a yield of 2.60%. Washington Federal’s dividend payout ratio is presently 30.00%.
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About Washington Federal
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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