Pacad Investment Ltd. decreased its stake in Washington Federal, Inc. (NASDAQ:WAFD) by 42.6% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,900 shares of the bank’s stock after selling 2,900 shares during the period. Pacad Investment Ltd.’s holdings in Washington Federal were worth $129,000 at the end of the most recent reporting period.
Several other institutional investors also recently made changes to their positions in WAFD. Capstone Asset Management Co. grew its stake in shares of Washington Federal by 3.5% in the first quarter. Capstone Asset Management Co. now owns 8,056 shares of the bank’s stock worth $267,000 after acquiring an additional 270 shares during the last quarter. Oregon Public Employees Retirement Fund grew its stake in shares of Washington Federal by 1.3% in the first quarter. Oregon Public Employees Retirement Fund now owns 31,665 shares of the bank’s stock worth $1,048,000 after acquiring an additional 400 shares during the last quarter. Wells Fargo & Company MN grew its stake in shares of Washington Federal by 5.7% in the first quarter. Wells Fargo & Company MN now owns 220,221 shares of the bank’s stock worth $7,289,000 after acquiring an additional 11,874 shares during the last quarter. Great West Life Assurance Co. Can grew its stake in shares of Washington Federal by 4.9% in the first quarter. Great West Life Assurance Co. Can now owns 52,539 shares of the bank’s stock worth $1,736,000 after acquiring an additional 2,478 shares during the last quarter. Finally, State Treasurer State of Michigan grew its stake in shares of Washington Federal by 0.8% in the first quarter. State Treasurer State of Michigan now owns 36,223 shares of the bank’s stock worth $1,199,000 after acquiring an additional 300 shares during the last quarter. Institutional investors and hedge funds own 84.38% of the company’s stock.
In other Washington Federal news, Director Thomas J. Kelley sold 6,100 shares of the company’s stock in a transaction on Wednesday, July 26th. The stock was sold at an average price of $33.72, for a total value of $205,692.00. Following the transaction, the director now directly owns 21,185 shares of the company’s stock, valued at approximately $714,358.20. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 1.28% of the company’s stock.
Washington Federal, Inc. (NASDAQ:WAFD) opened at 31.65 on Friday. Washington Federal, Inc. has a 12 month low of $25.15 and a 12 month high of $35.95. The company has a market capitalization of $2.80 billion, a PE ratio of 16.65 and a beta of 1.13. The company has a 50-day moving average price of $31.92 and a 200 day moving average price of $32.85.
Washington Federal (NASDAQ:WAFD) last posted its earnings results on Tuesday, July 18th. The bank reported $0.49 earnings per share for the quarter, topping analysts’ consensus estimates of $0.47 by $0.02. The business had revenue of $122.54 million for the quarter, compared to analyst estimates of $120.35 million. Washington Federal had a return on equity of 8.57% and a net margin of 29.06%. On average, equities research analysts forecast that Washington Federal, Inc. will post $1.91 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, August 18th. Shareholders of record on Friday, August 4th were issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 1.90%. The ex-dividend date was Wednesday, August 2nd. Washington Federal’s dividend payout ratio is 31.41%.
WAFD has been the topic of several research analyst reports. Zacks Investment Research downgraded shares of Washington Federal from a “buy” rating to a “hold” rating in a research note on Monday, June 19th. Keefe, Bruyette & Woods restated a “hold” rating and issued a $34.00 price objective on shares of Washington Federal in a research note on Tuesday, July 25th. BidaskClub downgraded shares of Washington Federal from a “hold” rating to a “sell” rating in a research note on Tuesday, June 20th. Finally, ValuEngine downgraded shares of Washington Federal from a “buy” rating to a “hold” rating in a research note on Thursday, September 7th. One investment analyst has rated the stock with a sell rating and five have issued a hold rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $33.50.
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Washington Federal Profile
Washington Federal, Inc is a bank holding company. The Company conducts its operations through a federally insured national bank subsidiary, Washington Federal, National Association (the Bank). The business of the Bank consists primarily of accepting deposits from the general public and investing these funds in loans of various types, including first lien mortgages on single-family dwellings, construction loans, land acquisition and development loans, loans on multi-family, commercial real estate and other income producing properties, home equity loans and business loans.
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