Piper Jaffray Companies set a $34.00 target price on Washington Federal (NASDAQ:WAFD) in a report released on Monday morning, Stock Target Advisor reports. The brokerage currently has a hold rating on the bank’s stock. Piper Jaffray Companies also issued estimates for Washington Federal’s Q3 2019 earnings at $0.63 EPS, Q4 2019 earnings at $0.65 EPS, FY2019 earnings at $2.56 EPS, Q1 2020 earnings at $0.65 EPS, Q2 2020 earnings at $0.66 EPS, Q3 2020 earnings at $0.66 EPS, Q4 2020 earnings at $0.68 EPS and FY2020 earnings at $2.65 EPS.
Several other equities analysts have also issued reports on the company. ValuEngine lowered Wave Life Sciences from a buy rating to a hold rating in a report on Tuesday, April 16th. BidaskClub raised Zillow Group from a buy rating to a strong-buy rating in a report on Tuesday, July 2nd. Four analysts have rated the stock with a hold rating and one has given a strong buy rating to the company. Washington Federal has a consensus rating of Hold and an average price target of $35.33.
Shares of WAFD opened at $35.16 on Monday. The company has a debt-to-equity ratio of 1.30, a current ratio of 1.04 and a quick ratio of 1.04. The business’s 50 day moving average is $33.33. The company has a market cap of $2.82 billion, a price-to-earnings ratio of 14.65, a P/E/G ratio of 1.96 and a beta of 1.15. Washington Federal has a 52 week low of $24.67 and a 52 week high of $35.40.
Washington Federal (NASDAQ:WAFD) last released its earnings results on Monday, April 15th. The bank reported $0.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.61 by $0.02. The company had revenue of $132.88 million during the quarter, compared to analyst estimates of $133.44 million. Washington Federal had a return on equity of 10.39% and a net margin of 29.61%. During the same period in the prior year, the company posted $0.57 earnings per share. On average, analysts expect that Washington Federal will post 2.56 earnings per share for the current year.
Several hedge funds have recently added to or reduced their stakes in the company. BlackRock Inc. grew its holdings in shares of Washington Federal by 0.4% in the fourth quarter. BlackRock Inc. now owns 11,738,273 shares of the bank’s stock valued at $313,528,000 after acquiring an additional 51,613 shares in the last quarter. Northern Trust Corp lifted its stake in Washington Federal by 2.7% in the fourth quarter. Northern Trust Corp now owns 2,912,039 shares of the bank’s stock valued at $77,781,000 after purchasing an additional 77,186 shares during the last quarter. Frontier Capital Management Co. LLC lifted its stake in Washington Federal by 1.7% in the first quarter. Frontier Capital Management Co. LLC now owns 2,015,146 shares of the bank’s stock valued at $58,218,000 after purchasing an additional 34,445 shares during the last quarter. Janus Henderson Group PLC lifted its stake in Washington Federal by 0.3% in the first quarter. Janus Henderson Group PLC now owns 1,324,080 shares of the bank’s stock valued at $38,253,000 after purchasing an additional 3,644 shares during the last quarter. Finally, LSV Asset Management lifted its stake in Washington Federal by 52.2% in the first quarter. LSV Asset Management now owns 1,144,941 shares of the bank’s stock valued at $33,077,000 after purchasing an additional 392,741 shares during the last quarter. 84.39% of the stock is owned by institutional investors.
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 in the United States. The company accepts deposit products, including business and personal checking accounts, and term certificates of deposit, as well as money market accounts and passbook savings accounts.
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