Washington Federal (NASDAQ:WAFD) announced its quarterly earnings results on Wednesday. The bank reported $0.51 EPS for the quarter, beating the Zacks’ consensus estimate of $0.42 by $0.09, Fidelity Earnings reports. Washington Federal had a return on equity of 7.59% and a net margin of 24.41%.
Shares of Washington Federal stock traded down $0.11 during midday trading on Friday, reaching $28.30. The company had a trading volume of 14,968 shares, compared to its average volume of 488,068. The stock has a fifty day moving average price of $25.84 and a 200 day moving average price of $24.00. The company has a debt-to-equity ratio of 1.41, a current ratio of 1.05 and a quick ratio of 1.05. The firm has a market cap of $2.15 billion, a PE ratio of 12.67 and a beta of 0.95. Washington Federal has a fifty-two week low of $20.01 and a fifty-two week high of $36.80.
WAFD has been the topic of a number of recent research reports. Piper Sandler cut their price target on Washington Federal from $25.50 to $22.00 and set a “neutral” rating on the stock in a research note on Thursday, October 1st. TheStreet raised Washington Federal from a “c” rating to a “b-” rating in a research note on Tuesday, December 8th. Finally, Zacks Investment Research raised Washington Federal from a “hold” rating to a “buy” rating and set a $24.00 price target on the stock in a research note on Friday, October 9th.
In related news, CFO Michael D. Mulholland sold 1,108,799 shares of Washington Federal stock in a transaction that occurred on Monday, December 21st. The stock was sold at an average price of $5.28, for a total value of $5,854,458.72. 1.21% of the stock is owned by insiders.
Washington Federal Company Profile
Washington Federal, Inc operates as the bank holding company for Washington Federal Bank, 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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