Washington Federal (WAFD) Stock Rating Upgraded by ValuEngine

Washington Federal (NASDAQ:WAFD) was upgraded by investment analysts at ValuEngine from a “hold” rating to a “buy” rating in a research report issued on Friday.

Other research analysts also recently issued research reports about the company. Zacks Investment Research upgraded Washington Federal from a “hold” rating to a “buy” rating and set a $40.00 price objective on the stock in a report on Monday, October 23rd. Royal Bank Of Canada reiterated a “hold” rating and issued a $36.00 price objective on shares of Washington Federal in a report on Friday, October 20th. Finally, Piper Jaffray Companies reiterated a “hold” rating and issued a $34.00 price objective on shares of Washington Federal in a report on Friday, October 6th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $36.00.

Washington Federal (NASDAQ:WAFD) traded up $0.15 during midday trading on Friday, reaching $34.95. The company’s stock had a trading volume of 483,267 shares, compared to its average volume of 405,392. Washington Federal has a twelve month low of $29.80 and a twelve month high of $35.95. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 1.11. The stock has a market capitalization of $3,032.36, a P/E ratio of 17.99, a price-to-earnings-growth ratio of 1.69 and a beta of 1.16.

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

A number of large investors have recently made changes to their positions in WAFD. FMR LLC boosted its position in Washington Federal by 7.4% during the 2nd quarter. FMR LLC now owns 8,016,631 shares of the bank’s stock valued at $266,152,000 after acquiring an additional 549,742 shares in the last quarter. State Street Corp boosted its position in Washington Federal by 5.1% during the 2nd quarter. State Street Corp now owns 3,804,883 shares of the bank’s stock valued at $126,320,000 after acquiring an additional 185,062 shares in the last quarter. Northern Trust Corp boosted its position in Washington Federal by 12.8% during the 2nd quarter. Northern Trust Corp now owns 3,039,627 shares of the bank’s stock valued at $100,916,000 after acquiring an additional 343,912 shares in the last quarter. Goldman Sachs Group Inc. boosted its position in Washington Federal by 12.4% during the 2nd quarter. Goldman Sachs Group Inc. now owns 1,971,317 shares of the bank’s stock valued at $65,448,000 after acquiring an additional 217,136 shares in the last quarter. Finally, Frontier Capital Management Co. LLC boosted its position in Washington Federal by 2.2% during the 3rd quarter. Frontier Capital Management Co. LLC now owns 1,958,375 shares of the bank’s stock valued at $65,899,000 after acquiring an additional 41,724 shares in the last quarter. Institutional investors own 83.07% of the company’s stock.

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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 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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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