Washington Federal (NASDAQ:WAFD) issued its earnings results on Monday. The bank reported $0.63 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.61 by $0.02, Fidelity Earnings reports. Washington Federal had a return on equity of 10.31% and a net margin of 30.16%. The firm had revenue of $132.88 million for the quarter, compared to analyst estimates of $133.44 million. During the same period in the previous year, the company posted $0.57 earnings per share.
Washington Federal stock traded up $0.62 during trading on Wednesday, reaching $32.89. The company had a trading volume of 5,130 shares, compared to its average volume of 332,875. Washington Federal has a 52 week low of $24.67 and a 52 week high of $35.25. The stock has a market cap of $2.48 billion, a P/E ratio of 13.56, a P/E/G ratio of 1.74 and a beta of 1.11. The company has a debt-to-equity ratio of 1.28, a quick ratio of 1.03 and a current ratio of 1.03.
Several equities analysts recently commented on the company. ValuEngine upgraded Washington Federal from a “sell” rating to a “hold” rating in a research report on Tuesday. Zacks Investment Research upgraded Washington Federal from a “sell” rating to a “hold” rating in a research note on Monday, March 4th. BidaskClub downgraded Washington Federal from a “buy” rating to a “hold” rating in a research note on Thursday, March 14th. Finally, TheStreet upgraded Washington Federal from a “c+” rating to a “b-” rating in a research note on Thursday, January 24th. Four analysts have rated the stock with a hold rating, Washington Federal presently has a consensus rating of “Hold” and an average price target of $36.00.
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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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