Nuveen Asset Management LLC purchased a new position in shares of Washington Federal Inc. (NASDAQ:WAFD) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 326,308 shares of the bank’s stock, valued at approximately $11,398,000.
Other large investors have also recently added to or reduced their stakes in the company. First Trust Advisors LP grew its stake in shares of Washington Federal by 791.8% in the 2nd quarter. First Trust Advisors LP now owns 1,140,236 shares of the bank’s stock valued at $39,828,000 after purchasing an additional 1,012,377 shares during the last quarter. Janus Henderson Group PLC lifted its holdings in shares of Washington Federal by 37.8% in the 2nd quarter. Janus Henderson Group PLC now owns 1,824,751 shares of the bank’s stock valued at $63,739,000 after buying an additional 500,671 shares during the period. Westwood Holdings Group Inc. acquired a new stake in shares of Washington Federal in the 2nd quarter valued at approximately $12,523,000. Acadian Asset Management LLC lifted its holdings in shares of Washington Federal by 55.6% in the 2nd quarter. Acadian Asset Management LLC now owns 640,685 shares of the bank’s stock valued at $22,379,000 after buying an additional 228,944 shares during the period. Finally, Citadel Advisors LLC lifted its holdings in shares of Washington Federal by 144.2% in the 2nd quarter. Citadel Advisors LLC now owns 293,307 shares of the bank’s stock valued at $10,245,000 after buying an additional 173,200 shares during the period. Hedge funds and other institutional investors own 84.36% of the company’s stock.
WAFD opened at $36.73 on Friday. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.03 and a quick ratio of 1.03. The business has a 50 day simple moving average of $36.37 and a 200-day simple moving average of $34.00. The stock has a market capitalization of $2.88 billion, a P/E ratio of 14.13 and a beta of 1.13. Washington Federal Inc. has a 12 month low of $24.67 and a 12 month high of $38.26.
Washington Federal (NASDAQ:WAFD) last posted its quarterly earnings results on Tuesday, July 16th. The bank reported $0.67 EPS for the quarter, beating the consensus estimate of $0.64 by $0.03. The business had revenue of $135.71 million during the quarter, compared to analysts’ expectations of $134.17 million. Washington Federal had a return on equity of 10.47% and a net margin of 29.19%. Research analysts anticipate that Washington Federal Inc. will post 2.61 EPS for the current year.
Several research firms have recently commented on WAFD. ValuEngine cut Washington Federal from a “hold” rating to a “sell” rating in a report on Wednesday, October 2nd. Piper Jaffray Companies set a $34.00 price target on Washington Federal and gave the company a “hold” rating in a report on Monday, July 8th. Finally, BidaskClub raised Washington Federal from a “buy” rating to a “strong-buy” rating in a report on Tuesday, July 2nd. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and one has issued a strong buy rating to the company. Washington Federal has an average rating of “Hold” and an average target price of $34.00.
Washington Federal Profile
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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