Washington Federal PT Raised to $22.00 (WAFD)
Research analysts at FBR Capital Markets upped their target price on shares of Washington Federal (NASDAQ:WAFD) from $20.00 to $22.00 in a report released on Thursday, Stock Ratings Network.com reports. The firm currently has a “market perform” rating on the stock. FBR Capital Markets’ price objective points to a potential downside of 4.51% from the stock’s previous close.
Washington Federal (NASDAQ:WAFD) traded down 1.28% during mid-day trading on Thursday, hitting $23.06. The stock had a trading volume of 421,394 shares. Washington Federal has a one year low of $15.79 and a one year high of $24.35. The stock has a 50-day moving average of $23.36 and a 200-day moving average of $22.07. The company has a market cap of $2.347 billion and a P/E ratio of 16.14.
Washington Federal (NASDAQ:WAFD) last announced its earnings results on Monday, January 13th. The company reported $0.39 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.37 by $0.02. Analysts expect that Washington Federal will post $1.56 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, January 17th. Shareholders of record on Friday, January 3rd will be given a dividend of 0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 1.74%. The ex-dividend date of this dividend is Tuesday, December 31st.
A number of other analysts have also recently weighed in on WAFD. Analysts at Sterne Agee upgraded shares of Washington Federal from a “neutral” rating to a “buy” rating in a research note to investors on Friday, January 10th. They now have a $26.50 price target on the stock. Analysts at Zacks upgraded shares of Washington Federal from a “neutral” rating to an “outperform” rating in a research note to investors on Thursday, December 19th. They now have a $26.00 price target on the stock. Five investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Washington Federal presently has an average rating of “Hold” and an average price target of $20.83.
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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