Wedge Capital Management L L P NC lessened its stake in shares of Washington Federal Inc. (NASDAQ:WAFD) by 44.7% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 5,855 shares of the bank’s stock after selling 4,742 shares during the quarter. Wedge Capital Management L L P NC’s holdings in Washington Federal were worth $217,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently modified their holdings of WAFD. Russell Investments Group Ltd. increased its position in shares of Washington Federal by 35.5% during the third quarter. Russell Investments Group Ltd. now owns 166,662 shares of the bank’s stock worth $6,189,000 after acquiring an additional 43,681 shares during the last quarter. Sciencast Management LP purchased a new stake in shares of Washington Federal during the third quarter worth about $231,000. California Public Employees Retirement System increased its position in shares of Washington Federal by 2.4% during the third quarter. California Public Employees Retirement System now owns 206,800 shares of the bank’s stock worth $7,650,000 after acquiring an additional 4,755 shares during the last quarter. Commonwealth Equity Services LLC increased its position in shares of Washington Federal by 10.4% during the third quarter. Commonwealth Equity Services LLC now owns 8,545 shares of the bank’s stock worth $316,000 after acquiring an additional 804 shares during the last quarter. Finally, Chicago Equity Partners LLC purchased a new stake in shares of Washington Federal during the third quarter worth about $2,186,000. Institutional investors own 86.50% of the company’s stock.
A number of brokerages have recently issued reports on WAFD. BidaskClub lowered Washington Federal from a “strong-buy” rating to a “buy” rating in a research report on Thursday, October 17th. ValuEngine lowered Washington Federal from a “hold” rating to a “sell” rating in a report on Wednesday, October 2nd. One analyst has rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $34.00.
Washington Federal stock traded up $0.02 during midday trading on Friday, hitting $36.91. The stock had a trading volume of 193,100 shares, compared to its average volume of 395,454. The stock has a market cap of $2.95 billion, a P/E ratio of 14.14 and a beta of 1.11. 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 Inc. has a 12 month low of $24.67 and a 12 month high of $38.26. The business has a fifty day moving average price of $36.71 and a 200 day moving average price of $34.87.
Washington Federal (NASDAQ:WAFD) last posted its quarterly earnings results on Tuesday, October 15th. The bank reported $0.66 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.65 by $0.01. The company had revenue of $136.63 million for the quarter, compared to analysts’ expectations of $136.20 million. Washington Federal had a return on equity of 10.47% and a net margin of 28.65%. During the same quarter in the prior year, the company earned $0.62 earnings per share. On average, equities analysts anticipate that Washington Federal Inc. will post 2.54 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, November 22nd. Shareholders of record on Friday, November 8th will be issued a $0.21 dividend. The ex-dividend date is Thursday, November 7th. This represents a $0.84 annualized dividend and a dividend yield of 2.28%. Washington Federal’s dividend payout ratio is currently 32.18%.
About Washington Federal
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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