Washington Federal, Inc. (NASDAQ:WAFD) was downgraded by research analysts at ValuEngine from a “buy” rating to a “hold” rating in a note issued to investors on Saturday.
Several other research analysts have also weighed in on the stock. Zacks Investment Research upgraded shares of Washington Federal from a “hold” rating to a “buy” rating and set a $40.00 target price on the stock in a research report on Monday, October 23rd. Royal Bank Of Canada reiterated a “hold” rating and issued a $36.00 price target on shares of Washington Federal in a research report on Friday, October 20th. Piper Jaffray Companies reiterated a “hold” rating and issued a $34.00 price target on shares of Washington Federal in a research report on Friday, October 6th. Finally, BidaskClub lowered shares of Washington Federal from a “sell” rating to a “strong sell” rating in a research report on Monday, July 31st. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $36.00.
Washington Federal (WAFD) opened at $33.95 on Friday. The company has a current ratio of 1.02, a quick ratio of 1.03 and a debt-to-equity ratio of 1.11. Washington Federal has a 1 year low of $29.80 and a 1 year high of $35.95. The firm has a market cap of $2,949.81, a PE ratio of 17.50, a price-to-earnings-growth ratio of 1.64 and a beta of 1.16.
Washington Federal (NASDAQ:WAFD) last issued its earnings results on Wednesday, October 18th. The bank reported $0.52 earnings per share 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 company had revenue of $128.69 million for the quarter, compared to analyst estimates of $121.46 million. equities analysts anticipate that Washington Federal will post 2.07 EPS for the current fiscal year.
Hedge funds have recently added to or reduced their stakes in the company. Creative Planning grew its position in shares of Washington Federal by 3.1% in 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 position in shares of Washington Federal by 7.9% in 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 position in shares of Washington Federal by 1.1% in 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. Adviser Investments LLC acquired a new stake in shares of Washington Federal in the third quarter valued at approximately $222,000. Finally, Raymond James Financial Services Advisors Inc. lifted its stake 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 valued at $220,000 after buying an additional 127 shares during the period. Institutional investors and hedge funds own 83.44% of the company’s stock.
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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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