Washington Federal, Inc. (WAFD) Given Average Rating of “Hold” by Analysts
Shares of Washington Federal, Inc. (NASDAQ:WAFD) have been assigned an average recommendation of “Hold” from the six ratings firms that are covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, three have given a hold recommendation and two have given a buy recommendation to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $36.00.
A number of equities analysts have issued reports on WAFD shares. Zacks Investment Research upgraded shares of Washington Federal from a “hold” rating to a “buy” rating and set a $35.00 price objective on the stock in a research report on Friday, September 1st. Piper Jaffray Companies restated a “hold” rating and issued a $34.00 price objective on shares of Washington Federal in a research report on Friday, October 6th. ValuEngine upgraded shares of Washington Federal from a “hold” rating to a “buy” rating in a research report on Tuesday, September 26th. BidaskClub cut shares of Washington Federal from a “sell” rating to a “strong sell” rating in a research report on Monday, July 31st. Finally, Royal Bank Of Canada restated a “hold” rating and issued a $36.00 price objective on shares of Washington Federal in a research report on Friday, October 20th.
Shares of Washington Federal (NASDAQ:WAFD) opened at 35.40 on Friday. The company has a 50-day moving average price of $33.28 and a 200-day moving average price of $33.03. Washington Federal has a 12-month low of $26.63 and a 12-month high of $35.95. The firm has a market capitalization of $3.13 billion, a P/E ratio of 18.62 and a beta of 1.14.
Washington Federal (NASDAQ:WAFD) last issued its earnings results on Wednesday, October 18th. The bank reported $0.52 EPS for the quarter, topping analysts’ consensus estimates of $0.49 by $0.03. The company had revenue of $128.69 million for the quarter, compared to analysts’ expectations of $121.46 million. Washington Federal had a net margin of 28.87% and a return on equity of 8.63%. Equities analysts predict that Washington Federal will post $2.06 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 20th. Shareholders of record on Monday, November 6th will be given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.69%. The ex-dividend date is Friday, November 3rd. Washington Federal’s payout ratio is 30.93%.
Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Adviser Investments LLC purchased a new position in shares of Washington Federal during the third quarter valued at about $222,000. APG Asset Management N.V. purchased a new position in shares of Washington Federal during the third quarter valued at about $2,106,000. Cetera Investment Advisers purchased a new position in shares of Washington Federal during the second quarter valued at about $1,437,000. Public Employees Retirement System of Ohio increased its position in shares of Washington Federal by 1.1% during the second quarter. Public Employees Retirement System of Ohio now owns 5,522 shares of the bank’s stock valued at $183,000 after buying an additional 62 shares during the period. Finally, Colony Group LLC increased its position in shares of Washington Federal by 1.3% during the second quarter. Colony Group LLC now owns 66,222 shares of the bank’s stock valued at $2,199,000 after buying an additional 867 shares during the period. Institutional investors own 84.15% 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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