Insider Selling: Jack Jacobson Sells 24,199 Shares of Washington Federal Stock (WAFD)
Washington Federal (NASDAQ:WAFD) EVP Jack Jacobson sold 24,199 shares of the stock in a transaction that occurred on Wednesday, October 16th. The stock was sold at an average price of $22.58, for a total transaction of $546,413.42. Following the completion of the transaction, the executive vice president now directly owns 84,177 shares of the company’s stock, valued at approximately $1,900,717. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
A number of analysts have recently weighed in on WAFD shares. Analysts at Zacks downgraded shares of Washington Federal from an “outperform” rating to a “neutral” rating in a research note to investors on Thursday, October 3rd. They now have a $21.50 price target on the stock. Finally, analysts at McAdams Wright Ragen downgraded shares of Washington Federal to a “hold” rating in a research note to investors on Tuesday, July 23rd. Five equities research analysts have rated the stock with a hold rating, Washington Federal has an average rating of “Hold” and a consensus price target of $18.00.
Shares of Washington Federal (NASDAQ:WAFD) traded down 0.52% during mid-day trading on Thursday, hitting $22.711. 493,897 shares of the company’s stock traded hands. Washington Federal has a 52-week low of $15.64 and a 52-week high of $22.85. The stock has a 50-day moving average of $20.91 and a 200-day moving average of $19.40. The company has a market cap of $2.351 billion and a P/E ratio of 16.79.
Washington Federal (NASDAQ:WAFD) last released its earnings data on Thursday, October 17th. The company reported $0.41 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.36 by $0.05. During the same quarter last year, the company posted $0.33 earnings per share. On average, analysts predict that Washington Federal will post $1.82 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Friday, October 18th. Investors of record on Friday, October 4th will be paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 1.76%. The ex-dividend date is Wednesday, October 2nd. This is an increase from Washington Federal’s previous quarterly dividend of $0.09.
Washington Federal, Inc is a non-diversified unitary savings and loan holding company, which conducts its operations through a federally-insured savings association subsidiary, Washington Federal (NASDAQ:WAFD).
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