Washington Federal (NASDAQ:WAFD)‘s stock had its “hold” rating restated by analysts at DA Davidson in a research note issued to investors on Thursday. They currently have a $39.00 price objective on the bank’s stock. DA Davidson’s price target points to a potential upside of 4.98% from the stock’s current price. DA Davidson also issued estimates for Washington Federal’s Q2 2018 earnings at $0.64 EPS and Q3 2018 earnings at $0.66 EPS.
Several other analysts have also recently commented on the stock. Royal Bank of Canada restated a “hold” rating and set a $36.00 price objective on shares of Washington Federal in a research note on Friday, October 20th. ValuEngine cut shares of Washington Federal from a “buy” rating to a “hold” rating in a research note on Saturday, November 25th. Piper Jaffray Companies restated a “hold” rating and set a $34.00 price objective on shares of Washington Federal in a research note on Friday, October 6th. Zacks Investment Research upgraded shares of Washington Federal from a “hold” rating to a “buy” rating and set a $40.00 target price for the company in a research note on Monday, October 23rd. Finally, BidaskClub cut shares of Washington Federal from a “hold” rating to a “sell” rating in a research note on Friday, January 5th. Five equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Washington Federal has a consensus rating of “Hold” and an average price target of $37.40.
Shares of Washington Federal (NASDAQ:WAFD) traded up $0.50 during midday trading on Thursday, reaching $37.15. 462,587 shares of the company’s stock traded hands, compared to its average volume of 325,494. The company has a debt-to-equity ratio of 1.20, a quick ratio of 1.02 and a current ratio of 1.03. Washington Federal has a twelve month low of $29.80 and a twelve month high of $37.30. The firm has a market cap of $3,208.39, a PE ratio of 17.95, a price-to-earnings-growth ratio of 1.73 and a beta of 1.15.
A number of hedge funds and other institutional investors have recently modified their holdings of WAFD. Janus Henderson Group PLC purchased a new stake in Washington Federal in the 2nd quarter worth $22,965,000. FMR LLC grew its holdings in shares of Washington Federal by 7.4% during the second quarter. FMR LLC now owns 8,016,631 shares of the bank’s stock worth $266,152,000 after buying an additional 549,742 shares in the last quarter. Northern Trust Corp grew its holdings in shares of Washington Federal by 12.8% during the second quarter. Northern Trust Corp now owns 3,039,627 shares of the bank’s stock worth $100,916,000 after buying an additional 343,912 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Washington Federal by 487.1% during the third quarter. JPMorgan Chase & Co. now owns 311,752 shares of the bank’s stock worth $10,584,000 after buying an additional 258,654 shares in the last quarter. Finally, Koch Industries Inc. purchased a new stake in shares of Washington Federal during the second quarter worth $213,000. 83.23% of the stock is owned by institutional investors.
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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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