Washington Federal, Inc. (WAFD) Rating Reiterated by Royal Bank Of Canada
Washington Federal, Inc. (NASDAQ:WAFD)‘s stock had its “hold” rating restated by stock analysts at Royal Bank Of Canada in a research report issued to clients and investors on Friday. They presently have a $35.00 price objective on the bank’s stock. Royal Bank Of Canada’s price target would indicate a potential upside of 15.51% from the stock’s current price.
Several other research analysts also recently commented on the company. Zacks Investment Research downgraded Washington Federal from a “buy” rating to a “hold” rating in a report on Monday, June 19th. Keefe, Bruyette & Woods restated a “hold” rating and set a $34.00 price objective on shares of Washington Federal in a report on Tuesday, July 25th. Finally, BidaskClub downgraded Washington Federal from a “hold” rating to a “sell” rating in a report on Tuesday, June 20th. One investment analyst has rated the stock with a sell rating and five have given a hold rating to the company. Washington Federal has an average rating of “Hold” and an average target price of $33.50.
Shares of Washington Federal (NASDAQ:WAFD) opened at 30.30 on Friday. Washington Federal has a 52 week low of $25.15 and a 52 week high of $35.95. The company has a 50-day moving average price of $32.22 and a 200 day moving average price of $32.97. The stock has a market capitalization of $2.68 billion, a PE ratio of 15.94 and a beta of 1.13.
Washington Federal (NASDAQ:WAFD) last released its quarterly earnings data on Tuesday, July 18th. The bank reported $0.49 EPS for the quarter, topping the consensus estimate of $0.47 by $0.02. The company had revenue of $122.54 million for the quarter, compared to the consensus estimate of $120.35 million. Washington Federal had a return on equity of 8.57% and a net margin of 29.06%. Equities analysts forecast that Washington Federal will post $1.91 EPS for the current fiscal year.
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In other news, Director Thomas J. Kelley sold 6,100 shares of Washington Federal stock in a transaction on Wednesday, July 26th. The stock was sold at an average price of $33.72, for a total value of $205,692.00. Following the transaction, the director now directly owns 21,185 shares in the company, valued at approximately $714,358.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 1.28% of the company’s stock.
Several large investors have recently made changes to their positions in WAFD. Meadow Creek Investment Management LLC increased its holdings in shares of Washington Federal by 9.3% in the 1st quarter. Meadow Creek Investment Management LLC now owns 3,200 shares of the bank’s stock valued at $106,000 after acquiring an additional 272 shares during the period. Creative Planning increased its holdings in shares of Washington Federal by 3.1% in the 2nd quarter. Creative Planning now owns 3,327 shares of the bank’s stock valued at $110,000 after acquiring an additional 101 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Washington Federal by 61.9% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,816 shares of the bank’s stock valued at $126,000 after acquiring an additional 1,459 shares during the period. Neuburgh Advisers LLC increased its holdings in shares of Washington Federal by 9.3% in the 1st quarter. Neuburgh Advisers LLC now owns 4,400 shares of the bank’s stock valued at $146,000 after acquiring an additional 374 shares during the period. Finally, Public Employees Retirement System of Ohio increased its holdings in shares of Washington Federal by 1.1% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 5,522 shares of the bank’s stock valued at $183,000 after acquiring an additional 62 shares during the period. Institutional investors and hedge funds own 84.38% 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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