Vanguard Group Inc. trimmed its stake in Washington Federal Inc. (NASDAQ:WAFD) by 1.0% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 9,278,642 shares of the bank’s stock after selling 89,359 shares during the period. Vanguard Group Inc. owned approximately 11.37% of Washington Federal worth $296,917,000 at the end of the most recent reporting period.
Several other large investors also recently bought and sold shares of WAFD. Renaissance Technologies LLC lifted its stake in shares of Washington Federal by 22.2% in the 2nd quarter. Renaissance Technologies LLC now owns 428,976 shares of the bank’s stock valued at $14,028,000 after purchasing an additional 77,900 shares during the last quarter. OppenheimerFunds Inc. bought a new stake in shares of Washington Federal in the 2nd quarter valued at approximately $203,000. AMP Capital Investors Ltd bought a new stake in shares of Washington Federal in the 2nd quarter valued at approximately $487,000. Raymond James & Associates bought a new stake in shares of Washington Federal in the 2nd quarter valued at approximately $340,000. Finally, Bank of America Corp DE lifted its stake in shares of Washington Federal by 51.9% in the 2nd quarter. Bank of America Corp DE now owns 942,917 shares of the bank’s stock valued at $30,833,000 after purchasing an additional 322,153 shares during the last quarter. 87.16% of the stock is owned by institutional investors and hedge funds.
Shares of NASDAQ WAFD opened at $27.89 on Monday. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 1.17. Washington Federal Inc. has a fifty-two week low of $24.67 and a fifty-two week high of $37.70. The company has a market capitalization of $2.28 billion, a PE ratio of 11.62, a price-to-earnings-growth ratio of 1.60 and a beta of 1.11.
Washington Federal (NASDAQ:WAFD) last issued its quarterly earnings results on Tuesday, October 16th. The bank reported $0.62 earnings per share for the quarter, hitting the consensus estimate of $0.62. Washington Federal had a return on equity of 10.22% and a net margin of 31.31%. The firm had revenue of $131.50 million for the quarter, compared to the consensus estimate of $133.83 million. During the same period in the prior year, the business posted $0.52 earnings per share. On average, equities research analysts anticipate that Washington Federal Inc. will post 2.5 earnings per share for the current year.
Several equities research analysts have recently issued reports on the company. BidaskClub lowered Washington Federal from a “buy” rating to a “hold” rating in a research note on Friday. Zacks Investment Research reaffirmed a “hold” rating on shares of Washington Federal in a research note on Monday, December 31st. TheStreet lowered Washington Federal from a “b” rating to a “c+” rating in a research note on Monday, November 19th. Finally, ValuEngine lowered Washington Federal from a “sell” rating to a “strong sell” rating in a research note on Thursday, November 1st. One equities research analyst has rated the stock with a sell rating and six have issued a hold rating to the stock. Washington Federal presently has an average rating of “Hold” and a consensus target price of $36.20.
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Washington Federal Company Profile
Washington Federal, Inc operates as the bank holding company for Washington Federal, National Association that provides lending, depository, insurance, and other banking services to consumers, mid-sized and large businesses, and owners and developers of commercial real estate in the United States. The company accepts deposit products, such as business and personal checking accounts, and term certificates of deposit, as well as money market accounts and passbook savings accounts.
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