Washington Federal (NASDAQ:WAFD) was downgraded by research analysts at BidaskClub from a “sell” rating to a “strong sell” rating in a research note issued to investors on Tuesday, BidAskClub reports.
Separately, ValuEngine cut shares of Washington Federal from a “hold” rating to a “sell” rating in a research note on Wednesday, October 2nd. Two investment analysts have rated the stock with a sell rating and two have issued a hold rating to the company. The stock has a consensus rating of “Hold” and an average target price of $34.00.
Shares of WAFD traded up $0.37 during trading hours on Tuesday, hitting $36.08. The company had a trading volume of 10,833 shares, compared to its average volume of 319,449. The firm has a fifty day moving average price of $36.66 and a 200-day moving average price of $36.18. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.02 and a current ratio of 1.02. The stock has a market capitalization of $2.80 billion, a price-to-earnings ratio of 13.79 and a beta of 1.10. Washington Federal has a 52-week low of $27.82 and a 52-week high of $38.26.
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, topping the consensus estimate of $0.65 by $0.01. Washington Federal had a return on equity of 10.05% and a net margin of 29.22%. The firm had revenue of $136.63 million during the quarter, compared to analyst estimates of $136.20 million. During the same quarter in the previous year, the firm earned $0.62 EPS. Research analysts anticipate that Washington Federal will post 2.46 earnings per share for the current fiscal year.
Hedge funds have recently modified their holdings of the stock. Robeco Institutional Asset Management B.V. bought a new position in shares of Washington Federal during the third quarter worth $71,464,000. First Trust Advisors LP lifted its position in Washington Federal by 0.6% in the 3rd quarter. First Trust Advisors LP now owns 1,146,569 shares of the bank’s stock valued at $42,412,000 after acquiring an additional 6,333 shares in the last quarter. Renaissance Technologies LLC lifted its position in Washington Federal by 5.6% in the 2nd quarter. Renaissance Technologies LLC now owns 563,000 shares of the bank’s stock valued at $19,666,000 after acquiring an additional 29,824 shares in the last quarter. Westwood Holdings Group Inc. acquired a new position in Washington Federal during the 2nd quarter valued at about $12,523,000. Finally, Boston Trust Walden Corp boosted its stake in Washington Federal by 1.8% during the 4th quarter. Boston Trust Walden Corp now owns 339,277 shares of the bank’s stock valued at $12,434,000 after purchasing an additional 6,036 shares during the last quarter. Institutional investors own 85.27% of the company’s stock.
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 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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