Commonwealth Equity Services LLC grew its position in Washington Federal Inc. (NASDAQ:WAFD) by 75.8% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 14,899 shares of the bank’s stock after acquiring an additional 6,423 shares during the period. Commonwealth Equity Services LLC’s holdings in Washington Federal were worth $399,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently made changes to their positions in WAFD. Bellevue Asset Management LLC bought a new position in shares of Washington Federal during the 1st quarter worth approximately $72,000. Bartlett & Co. LLC bought a new position in shares of Washington Federal during the first quarter worth approximately $145,000. US Bancorp DE boosted its stake in shares of Washington Federal by 68.1% in the first quarter. US Bancorp DE now owns 8,010 shares of the bank’s stock valued at $208,000 after buying an additional 3,246 shares during the period. GSA Capital Partners LLP lifted its position in shares of Washington Federal by 16.5% during the 1st quarter. GSA Capital Partners LLP now owns 8,147 shares of the bank’s stock valued at $211,000 after acquiring an additional 1,156 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Washington Federal by 86.7% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,334 shares of the bank’s stock valued at $216,000 after purchasing an additional 3,869 shares in the last quarter. 82.47% of the stock is owned by institutional investors.
NASDAQ:WAFD opened at $22.42 on Wednesday. Washington Federal Inc. has a twelve month low of $20.92 and a twelve month high of $38.26. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 1.41. The stock’s 50-day simple moving average is $23.82 and its 200 day simple moving average is $25.46. The firm has a market capitalization of $1.70 billion, a PE ratio of 9.15 and a beta of 0.91.
Washington Federal (NASDAQ:WAFD) last posted its earnings results on Wednesday, July 22nd. The bank reported $0.46 EPS for the quarter, topping analysts’ consensus estimates of $0.38 by $0.08. The firm had revenue of $130.65 million during the quarter, compared to analysts’ expectations of $131.40 million. Washington Federal had a net margin of 25.93% and a return on equity of 8.46%. On average, analysts anticipate that Washington Federal Inc. will post 1.88 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, August 21st. Investors of record on Friday, August 7th were paid a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 3.93%. The ex-dividend date of this dividend was Thursday, August 6th. Washington Federal’s payout ratio is 33.72%.
In related news, Director Randall H. Talbot bought 5,300 shares of the firm’s stock in a transaction on Tuesday, July 28th. The shares were purchased at an average price of $23.16 per share, with a total value of $122,748.00. Following the completion of the purchase, the director now owns 39,743 shares in the company, valued at approximately $920,447.88. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders acquired 7,378 shares of company stock worth $171,336 in the last 90 days. Company insiders own 1.21% of the company’s stock.
Several equities analysts have commented on WAFD shares. Piper Sandler raised their target price on shares of Washington Federal from $25.00 to $25.50 and gave the company a “neutral” rating in a report on Monday, July 27th. BidaskClub raised shares of Washington Federal from a “strong sell” rating to a “sell” rating in a research note on Wednesday, August 12th. Finally, Zacks Investment Research upgraded shares of Washington Federal from a “sell” rating to a “hold” rating and set a $24.00 price objective for the company in a research report on Thursday, September 10th. One investment analyst has rated the stock with a sell rating and four have assigned a hold rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $28.50.
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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