Q2 2018 EPS Estimates for Washington Federal, Inc. Increased by DA Davidson (WAFD)

Washington Federal, Inc. (NASDAQ:WAFD) – Equities researchers at DA Davidson raised their Q2 2018 earnings per share estimates for Washington Federal in a report issued on Wednesday. DA Davidson analyst J. Rulis now anticipates that the bank will post earnings of $0.64 per share for the quarter, up from their prior estimate of $0.51. DA Davidson currently has a “Hold” rating and a $39.00 target price on the stock. DA Davidson also issued estimates for Washington Federal’s Q3 2018 earnings at $0.66 EPS.

Washington Federal (NASDAQ:WAFD) last announced its quarterly earnings results on Wednesday, January 17th. The bank reported $0.59 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.51 by $0.08. The company had revenue of $122.53 million during the quarter, compared to analyst estimates of $124.98 million. Washington Federal had a return on equity of 9.13% and a net margin of 30.20%.

Several other brokerages have also commented on WAFD. Keefe, Bruyette & Woods restated a “hold” rating and set a $38.00 price target on shares of Washington Federal in a research note on Thursday. BidaskClub upgraded Washington Federal from a “sell” rating to a “hold” rating in a research note on Tuesday. Zacks Investment Research upgraded Washington Federal from a “hold” rating to a “buy” rating and set a $40.00 price target for the company in a research note on Monday, October 23rd. Royal Bank of Canada restated a “hold” rating and set a $36.00 price target on shares of Washington Federal in a research note on Friday, October 20th. Finally, ValuEngine upgraded Washington Federal from a “hold” rating to a “buy” rating in a research note on Friday, December 1st. Five investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $37.40.

Shares of Washington Federal (WAFD) traded down $0.25 during trading hours on Friday, reaching $36.65. The company’s stock had a trading volume of 465,700 shares, compared to its average volume of 442,067. The firm has a market capitalization of $3,220.00, a price-to-earnings ratio of 17.62, a PEG ratio of 1.72 and a beta of 1.15. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.02 and a quick ratio of 1.02. Washington Federal has a 12 month low of $29.80 and a 12 month high of $37.10.

Several hedge funds have recently bought and sold shares of the company. Acadian Asset Management LLC acquired a new stake in shares of Washington Federal in the fourth quarter valued at about $199,000. Schwab Charles Investment Management Inc. grew its stake in shares of Washington Federal by 4.1% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 597,079 shares of the bank’s stock valued at $20,450,000 after buying an additional 23,486 shares in the last quarter. Bank of Montreal Can grew its stake in shares of Washington Federal by 5.3% in the fourth quarter. Bank of Montreal Can now owns 113,641 shares of the bank’s stock valued at $3,891,000 after buying an additional 5,673 shares in the last quarter. Dalton Greiner Hartman Maher & Co. grew its stake in shares of Washington Federal by 4.3% in the fourth quarter. Dalton Greiner Hartman Maher & Co. now owns 346,816 shares of the bank’s stock valued at $11,878,000 after buying an additional 14,423 shares in the last quarter. Finally, Cubist Systematic Strategies LLC acquired a new stake in shares of Washington Federal in the third quarter valued at about $283,000. Institutional investors and hedge funds own 83.23% 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.

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