Washington Federal (NASDAQ:WAFD) Posts Earnings Results

Washington Federal (NASDAQ:WAFD) announced its quarterly earnings results on Wednesday. The bank reported $0.71 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.69 by $0.02, Briefing.com reports. Washington Federal had a net margin of 28.15% and a return on equity of 9.36%. During the same period last year, the firm posted $0.51 EPS.

Shares of WAFD stock traded up $0.68 during mid-day trading on Friday, reaching $37.48. The company’s stock had a trading volume of 22,913 shares, compared to its average volume of 418,169. The company’s 50 day simple moving average is $34.17 and its 200-day simple moving average is $33.60. Washington Federal has a 12-month low of $25.95 and a 12-month high of $36.91. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.94. The firm has a market capitalization of $2.44 billion, a PE ratio of 15.43 and a beta of 0.86.

The firm also recently announced a quarterly dividend, which was paid on Friday, November 19th. Stockholders of record on Friday, November 5th were paid a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.45%. The ex-dividend date of this dividend was Thursday, November 4th. Washington Federal’s dividend payout ratio is presently 38.33%.

WAFD has been the topic of a number of research analyst reports. DA Davidson lifted their price target on shares of Washington Federal from $34.00 to $39.00 and gave the company a “neutral” rating in a report on Monday, October 18th. Zacks Investment Research lowered shares of Washington Federal from a “strong-buy” rating to a “hold” rating and set a $34.00 price target on the stock. in a report on Tuesday, December 21st.

An institutional investor recently raised its position in Washington Federal stock. Royal Bank of Canada grew its holdings in Washington Federal, Inc. (NASDAQ:WAFD) by 12.0% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 21,206 shares of the bank’s stock after acquiring an additional 2,267 shares during the period. Royal Bank of Canada’s holdings in Washington Federal were worth $728,000 as of its most recent SEC filing. Institutional investors own 80.57% of the company’s stock.

About Washington Federal

Washington Federal, Inc is a bank holding company, which engages in the provision of lending, depository, insurance, banking, financial products and services. The firm operates through the following segments: commercial loans; and consumer loans. The commercial loans segment is dis-aggregated into five classes: multi-family, commercial real estate, commercial and industrial, construction, and land acquisition and development.

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Earnings History for Washington Federal (NASDAQ:WAFD)

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