Washington Federal Inc. (NASDAQ:WAFD) has received an average recommendation of “Hold” from the eight brokerages that are covering the stock, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a sell rating and four have given a hold rating to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $36.00.
A number of brokerages have recently issued reports on WAFD. BidaskClub cut Washington Federal from a “hold” rating to a “sell” rating in a report on Monday, November 5th. TheStreet cut Washington Federal from a “b” rating to a “c+” rating in a report on Monday, November 19th. ValuEngine raised Washington Federal from a “sell” rating to a “hold” rating in a report on Tuesday, August 14th. Finally, Zacks Investment Research cut Washington Federal from a “hold” rating to a “sell” rating in a report on Monday, October 15th.
Shares of WAFD traded up $0.10 during mid-day trading on Friday, reaching $27.57. The company had a trading volume of 582,300 shares, compared to its average volume of 440,040. Washington Federal has a twelve month low of $26.66 and a twelve month high of $37.70. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 1.17. The stock has a market cap of $2.24 billion, a PE ratio of 11.49, a PEG ratio of 1.57 and a beta of 1.16.
Washington Federal (NASDAQ:WAFD) last issued its earnings results on Tuesday, October 16th. The bank reported $0.62 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.62. Washington Federal had a return on equity of 10.22% and a net margin of 31.31%. The business had revenue of $131.50 million during the quarter, compared to analysts’ expectations of $133.83 million. During the same period in the prior year, the firm posted $0.52 EPS. On average, sell-side analysts forecast that Washington Federal will post 2.5 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Friday, November 23rd. Stockholders of record on Friday, November 9th were issued a $0.18 dividend. The ex-dividend date of this dividend was Thursday, November 8th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 2.61%. Washington Federal’s payout ratio is presently 30.00%.
Several institutional investors and hedge funds have recently modified their holdings of WAFD. Systematic Financial Management LP grew its position in Washington Federal by 0.9% during the 3rd quarter. Systematic Financial Management LP now owns 756,287 shares of the bank’s stock worth $24,201,000 after acquiring an additional 6,977 shares during the last quarter. BlackRock Inc. grew its position in Washington Federal by 12.3% during the 2nd quarter. BlackRock Inc. now owns 11,782,908 shares of the bank’s stock worth $385,301,000 after acquiring an additional 1,286,456 shares during the last quarter. OppenheimerFunds Inc. bought a new stake in Washington Federal during the 2nd quarter worth approximately $203,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new stake in Washington Federal during the 2nd quarter worth approximately $746,000. Finally, Aperio Group LLC grew its position in Washington Federal by 12.3% during the 2nd quarter. Aperio Group LLC now owns 28,851 shares of the bank’s stock worth $943,000 after acquiring an additional 3,156 shares during the last quarter. 87.16% of the stock is owned by institutional investors and hedge funds.
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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