Victory Capital Management Inc. purchased a new stake in shares of Washington Federal, Inc. (NASDAQ:WAFD) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 7,698 shares of the bank’s stock, valued at approximately $259,000.
Other hedge funds also recently made changes to their positions in the company. Creative Planning grew its holdings in Washington Federal by 3.1% during the second quarter. Creative Planning now owns 3,327 shares of the bank’s stock valued at $110,000 after purchasing an additional 101 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Washington Federal by 7.9% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,117 shares of the bank’s stock valued at $137,000 after purchasing an additional 301 shares during the last quarter. Public Employees Retirement System of Ohio grew its holdings in Washington Federal by 1.1% during the second quarter. Public Employees Retirement System of Ohio now owns 5,522 shares of the bank’s stock valued at $183,000 after purchasing an additional 62 shares during the last quarter. Koch Industries Inc. acquired a new position in Washington Federal during the second quarter valued at approximately $213,000. Finally, Raymond James Financial Services Advisors Inc. grew its holdings in 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 valued at $220,000 after purchasing an additional 127 shares during the last quarter. Institutional investors own 83.44% of the company’s stock.
Shares of Washington Federal, Inc. (NASDAQ:WAFD) opened at $33.95 on Monday. Washington Federal, Inc. has a 12-month low of $29.80 and a 12-month high of $35.95. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.02 and a quick ratio of 1.03. The firm has a market capitalization of $2,949.81, a P/E ratio of 17.50, a PEG ratio of 1.64 and a beta of 1.16.
Washington Federal (NASDAQ:WAFD) last posted its quarterly earnings data on Wednesday, October 18th. The bank reported $0.52 earnings per share for the quarter, beating the consensus estimate of $0.49 by $0.03. Washington Federal had a return on equity of 8.63% and a net margin of 28.87%. The company had revenue of $128.69 million during the quarter, compared to analysts’ expectations of $121.46 million. sell-side analysts anticipate that Washington Federal, Inc. will post 2.07 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, November 20th. Stockholders of record on Monday, November 6th were given a $0.15 dividend. The ex-dividend date was Friday, November 3rd. This represents a $0.60 annualized dividend and a dividend yield of 1.77%. Washington Federal’s dividend payout ratio is 30.93%.
Several equities analysts have commented on the company. Zacks Investment Research upgraded Washington Federal from a “hold” rating to a “buy” rating and set a $40.00 price target on the stock in a report on Monday, October 23rd. Royal Bank Of Canada reissued a “hold” rating and issued a $36.00 price objective on shares of Washington Federal in a research report on Friday, October 20th. Piper Jaffray Companies reissued a “hold” rating and issued a $34.00 price objective on shares of Washington Federal in a research report on Friday, October 6th. ValuEngine cut Washington Federal from a “buy” rating to a “hold” rating in a research report on Saturday. Finally, BidaskClub cut Washington Federal from a “sell” rating to a “strong sell” rating in a research report on Monday, July 31st. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $36.00.
About Washington Federal
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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