Washington Federal, Inc. (NASDAQ:WAFD) was downgraded by stock analysts at ValuEngine from a “buy” rating to a “hold” rating in a research note issued on Saturday.

Several other equities research analysts have also commented on WAFD. BidaskClub lowered shares of Washington Federal from a “sell” rating to a “strong sell” rating in a research report on Monday, July 31st. 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. Royal Bank Of Canada reiterated a “hold” rating and issued a $35.00 price objective on shares of Washington Federal in a research report on Friday, September 8th. Finally, Piper Jaffray Companies reiterated a “hold” rating and issued a $34.00 price objective on shares of Washington Federal in a research report on Friday, October 6th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $36.00.

Shares of Washington Federal (WAFD) opened at $33.95 on Friday. Washington Federal has a 1 year low of $29.80 and a 1 year high of $35.95. The company has a quick ratio of 1.03, a current ratio of 1.02 and a debt-to-equity ratio of 1.11. The company has a market cap of $2,949.82, a PE ratio of 17.50, a P/E/G ratio of 1.64 and a beta of 1.16.

Washington Federal (NASDAQ:WAFD) last released its quarterly earnings data on Wednesday, October 18th. The bank reported $0.52 EPS for the quarter, topping the consensus estimate of $0.49 by $0.03. Washington Federal had a net margin of 28.87% and a return on equity of 8.63%. The business had revenue of $128.69 million for the quarter, compared to analyst estimates of $121.46 million. analysts anticipate that Washington Federal will post 2.07 earnings per share for the current fiscal year.

Large investors have recently added to or reduced their stakes in the business. Creative Planning lifted its holdings in 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 purchasing an additional 101 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Washington Federal by 7.9% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,117 shares of the bank’s stock valued at $137,000 after purchasing an additional 301 shares in the last quarter. Public Employees Retirement System of Ohio lifted its holdings in 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 purchasing an additional 62 shares in the last quarter. Koch Industries Inc. purchased a new position in Washington Federal in the 2nd quarter valued at about $213,000. Finally, Raymond James Financial Services Advisors Inc. lifted its holdings in Washington Federal by 1.9% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 6,641 shares of the bank’s stock valued at $220,000 after purchasing an additional 127 shares in the last quarter. Institutional investors own 83.44% of the company’s stock.

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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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