Washington Federal (NASDAQ:WAFD) Announces Earnings Results, Beats Expectations By $0.09 EPS

Washington Federal (NASDAQ:WAFD) posted its earnings results on Wednesday. The bank reported $0.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.42 by $0.09, Fidelity Earnings reports. Washington Federal had a return on equity of 7.59% and a net margin of 24.41%.

Shares of NASDAQ WAFD traded down $0.11 during trading hours on Friday, hitting $28.30. The company had a trading volume of 14,968 shares, compared to its average volume of 488,068. The stock has a market capitalization of $2.15 billion, a P/E ratio of 12.67 and a beta of 0.95. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 1.41. Washington Federal has a 1-year low of $20.01 and a 1-year high of $36.80. The firm’s 50 day moving average is $25.84 and its 200-day moving average is $24.00.

In other news, CFO Michael D. Mulholland sold 1,108,799 shares of the stock in a transaction that occurred on Monday, December 21st. The stock was sold at an average price of $5.28, for a total value of $5,854,458.72. Corporate insiders own 1.21% of the company’s stock.

A number of equities analysts have weighed in on WAFD shares. Zacks Investment Research raised Washington Federal from a “hold” rating to a “buy” rating and set a $24.00 price target for the company in a research report on Friday, October 9th. Piper Sandler reduced their price target on Washington Federal from $25.50 to $22.00 and set a “neutral” rating for the company in a research report on Thursday, October 1st. Finally, TheStreet raised Washington Federal from a “c” rating to a “b-” rating in a research report on Tuesday, December 8th.

Washington Federal Company Profile

Washington Federal, Inc operates as the bank holding company for Washington Federal Bank, 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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Earnings History for Washington Federal (NASDAQ:WAFD)

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