Washington Federal, Inc. (WAFD) Holdings Reduced by California State Teachers Retirement System

California State Teachers Retirement System cut its position in Washington Federal, Inc. (NASDAQ:WAFD) by 11.5% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 158,501 shares of the bank’s stock after selling 20,613 shares during the period. California State Teachers Retirement System owned 0.18% of Washington Federal worth $5,262,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the business. Teacher Retirement System of Texas lifted its position in shares of Washington Federal by 0.7% during the second quarter. Teacher Retirement System of Texas now owns 7,157 shares of the bank’s stock worth $238,000 after purchasing an additional 48 shares in the last quarter. Creative Planning lifted its position in shares of Washington Federal by 3.1% during the second quarter. Creative Planning now owns 3,327 shares of the bank’s stock worth $110,000 after purchasing an additional 101 shares in the last quarter. Raymond James Financial Services Advisors Inc. lifted its position in shares of Washington Federal by 1.9% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 6,641 shares of the bank’s stock worth $220,000 after purchasing an additional 127 shares in the last quarter. Suntrust Banks Inc. lifted its position in shares of Washington Federal by 1.7% during the second quarter. Suntrust Banks Inc. now owns 13,539 shares of the bank’s stock worth $449,000 after purchasing an additional 220 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Washington Federal by 7.9% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,117 shares of the bank’s stock worth $137,000 after purchasing an additional 301 shares in the last quarter. Hedge funds and other institutional investors own 85.28% of the company’s stock.

Washington Federal, Inc. (NASDAQ WAFD) opened at 34.80 on Wednesday. The company has a 50-day moving average of $33.79 and a 200 day moving average of $33.09. The firm has a market capitalization of $3.08 billion, a price-to-earnings ratio of 18.31 and a beta of 1.14. Washington Federal, Inc. has a one year low of $26.62 and a one year high of $35.95.

Washington Federal (NASDAQ:WAFD) last posted its earnings results on Wednesday, October 18th. The bank reported $0.52 EPS for the quarter, topping the consensus estimate of $0.49 by $0.03. Washington Federal had a net margin of 28.87% and a return on equity of 8.63%. The business had revenue of $128.69 million for the quarter, compared to the consensus estimate of $121.46 million. On average, analysts anticipate that Washington Federal, Inc. will post $2.06 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, November 20th. Investors of record on Monday, November 6th will be given a dividend of $0.15 per share. The ex-dividend date is Friday, November 3rd. This represents a $0.60 annualized dividend and a yield of 1.72%. Washington Federal’s dividend payout ratio is presently 30.93%.

WAFD has been the topic of a number of research reports. ValuEngine lowered shares of Washington Federal from a “buy” rating to a “hold” rating in a research report on Thursday, September 7th. Zacks Investment Research upgraded shares of Washington Federal from a “hold” rating to a “buy” rating and set a $35.00 target price on the stock in a research report on Friday, September 1st. Royal Bank Of Canada reiterated a “hold” rating and set a $35.00 target price on shares of Washington Federal in a research report on Friday, September 8th. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $34.00 target price on shares of Washington Federal in a research report on Tuesday, July 25th. Finally, Piper Jaffray Companies reiterated a “hold” rating and set a $34.00 target price on shares of Washington Federal in a research report on Friday, October 6th. One analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the stock. Washington Federal has an average rating of “Hold” and an average target price of $36.00.

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Washington Federal Company 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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Institutional Ownership by Quarter for Washington Federal (NASDAQ:WAFD)

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