Washington Federal, Inc. (WAFD) Downgraded by BidaskClub
Washington Federal, Inc. (NASDAQ:WAFD) was downgraded by BidaskClub from a “sell” rating to a “strong sell” rating in a research note issued to investors on Monday.
Other research analysts also recently issued research reports about the stock. Zacks Investment Research upgraded shares of Washington Federal from a “hold” rating to a “buy” rating and set a $39.00 target price on the stock in a report on Monday, June 12th. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $34.00 target price on shares of Washington Federal in a report on Tuesday, July 25th. Royal Bank Of Canada reiterated a “hold” rating and issued a $35.00 target price on shares of Washington Federal in a report on Tuesday, April 4th. Finally, Piper Jaffray Companies reiterated a “neutral” rating and issued a $30.00 target price (down previously from $32.00) on shares of Washington Federal in a report on Monday, April 17th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the stock. Washington Federal presently has a consensus rating of “Hold” and a consensus price target of $34.00.
Washington Federal (NASDAQ:WAFD) traded up 0.90% during mid-day trading on Monday, hitting $33.45. The stock had a trading volume of 193,971 shares. The firm’s 50-day moving average is $33.42 and its 200 day moving average is $33.28. Washington Federal has a one year low of $24.37 and a one year high of $35.95. The stock has a market cap of $2.97 billion, a PE ratio of 17.60 and a beta of 1.11.
Washington Federal (NASDAQ:WAFD) last released its quarterly earnings results on Tuesday, July 18th. The bank reported $0.49 earnings per share for the quarter, beating analysts’ consensus estimates of $0.47 by $0.02. The business had revenue of $122.54 million for the quarter, compared to the consensus estimate of $120.35 million. Washington Federal had a net margin of 29.06% and a return on equity of 8.57%. Equities research analysts expect that Washington Federal will post $1.91 EPS for the current year.
In other news, Director Thomas J. Kelley sold 6,100 shares of the business’s stock in a transaction dated Wednesday, July 26th. The shares were sold at an average price of $33.72, for a total transaction of $205,692.00. Following the transaction, the director now owns 21,185 shares in the company, valued at approximately $714,358.20. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Anna C. Johnson sold 4,200 shares of the business’s stock in a transaction dated Friday, May 26th. The stock was sold at an average price of $32.25, for a total transaction of $135,450.00. Following the transaction, the director now owns 28,590 shares in the company, valued at approximately $922,027.50. The disclosure for this sale can be found here. Insiders own 1.28% of the company’s stock.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Meadow Creek Investment Management LLC raised its stake in shares of Washington Federal by 9.3% in the first quarter. Meadow Creek Investment Management LLC now owns 3,200 shares of the bank’s stock valued at $106,000 after buying an additional 272 shares during the period. Creative Planning raised its stake in shares of Washington Federal by 3.1% in the second quarter. Creative Planning now owns 3,327 shares of the bank’s stock valued at $110,000 after buying an additional 101 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Washington Federal by 61.9% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,816 shares of the bank’s stock valued at $126,000 after buying an additional 1,459 shares during the period. Neuburgh Advisers LLC raised its stake in shares of Washington Federal by 9.3% in the first quarter. Neuburgh Advisers LLC now owns 4,400 shares of the bank’s stock valued at $146,000 after buying an additional 374 shares during the period. Finally, Tyers Asset Management LLC raised its stake in shares of Washington Federal by 9.3% in the first quarter. Tyers Asset Management LLC now owns 5,600 shares of the bank’s stock valued at $185,000 after buying an additional 476 shares during the period. Institutional investors own 83.66% of the company’s stock.
About Washington Federal
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 business of the Bank consists primarily of accepting deposits from the general 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, commercial real estate and other income producing properties, home equity loans and business loans.
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