Washington Federal Inc. (WAFD) Posts Earnings Results, Beats Estimates By $0.05 EPS
Washington Federal Inc. (NASDAQ:WAFD) posted its quarterly earnings data on Wednesday. The company reported $0.49 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.44 by $0.05. Washington Federal had a return on equity of 8.49% and a net margin of 27.76%.
Washington Federal (NASDAQ:WAFD) opened at 26.68 on Wednesday. The firm has a market cap of $2.41 billion, a PE ratio of 15.24 and a beta of 1.02. The firm’s 50-day moving average price is $26.57 and its 200 day moving average price is $25.02. Washington Federal has a 52-week low of $19.11 and a 52-week high of $27.20.
Separately, Zacks Investment Research downgraded Washington Federal from a “buy” rating to a “hold” rating in a research note on Thursday, August 4th.
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A number of institutional investors have recently bought and sold shares of the company. Panagora Asset Management Inc. increased its position in Washington Federal by 7.2% in the second quarter. Panagora Asset Management Inc. now owns 349,438 shares of the company’s stock worth $8,477,000 after buying an additional 23,391 shares during the period. Cantab Capital Partners LLP increased its position in Washington Federal by 4.5% in the second quarter. Cantab Capital Partners LLP now owns 23,076 shares of the company’s stock worth $560,000 after buying an additional 999 shares during the period. Barclays PLC increased its position in Washington Federal by 1.5% in the second quarter. Barclays PLC now owns 27,877 shares of the company’s stock worth $676,000 after buying an additional 408 shares during the period. C M Bidwell & Associates Ltd. purchased a new position in Washington Federal during the second quarter worth approximately $168,000. Finally, Parametric Portfolio Associates LLC increased its position in Washington Federal by 3.5% in the second quarter. Parametric Portfolio Associates LLC now owns 86,893 shares of the company’s stock worth $2,108,000 after buying an additional 2,946 shares during the period. Institutional investors and hedge funds own 83.15% of the company’s stock.
Washington Federal Company Profile
Washington Federal, Inc is a bank holding company. The Company conducts its operations through a federally-insured national bank subsidiary, Washington Federal, National Association (the Bank). The Company’s principal activities consists of taking deposits from the public and investing these funds in loans of various types, including first lien mortgages on single-family dwellings, construction loans, land acquisition and development loans, loans on multi-family and other income producing properties, home equity loans and business loans.
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