Research Analysts Set Expectations for Washington Federal, Inc.’s FY2018 Earnings (WAFD)

Washington Federal, Inc. (NASDAQ:WAFD) – Investment analysts at DA Davidson raised their FY2018 earnings per share estimates for shares of Washington Federal in a research report issued to clients and investors on Wednesday. DA Davidson analyst J. Rulis now forecasts that the bank will post earnings per share of $2.55 for the year, up from their prior forecast of $2.05. DA Davidson has a “Hold” rating and a $39.00 price target on the stock. DA Davidson also issued estimates for Washington Federal’s Q4 2018 earnings at $0.66 EPS and FY2019 earnings at $2.95 EPS.

Washington Federal (NASDAQ:WAFD) last announced its quarterly earnings data on Wednesday, January 17th. The bank reported $0.59 EPS for the quarter, beating the Zacks’ consensus estimate of $0.51 by $0.08. The business had revenue of $122.53 million during the quarter, compared to the consensus estimate of $124.98 million. Washington Federal had a return on equity of 9.14% and a net margin of 30.20%.

A number of other equities research analysts also recently commented on WAFD. ValuEngine raised Washington Federal from a “hold” rating to a “buy” rating in a research report on Tuesday, September 26th. Piper Jaffray Companies reaffirmed a “hold” rating and issued a $34.00 price objective on shares of Washington Federal in a research report on Friday, October 6th. Royal Bank of Canada reaffirmed a “hold” rating and issued a $36.00 price objective on shares of Washington Federal in a research report on Friday, October 20th. Zacks Investment Research raised Washington Federal from a “hold” rating to a “buy” rating and set a $40.00 price objective for the company in a research report on Monday, October 23rd. Finally, BidaskClub downgraded Washington Federal from a “hold” rating to a “sell” rating in a research report on Friday, January 5th. Five investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $37.40.

Shares of Washington Federal (WAFD) opened at $37.15 on Monday. The company has a market capitalization of $3,208.39, a price-to-earnings ratio of 17.95, a PEG ratio of 1.59 and a beta of 1.15. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.03 and a quick ratio of 1.02. Washington Federal has a 1 year low of $29.80 and a 1 year high of $37.30.

A number of hedge funds have recently bought and sold shares of WAFD. Janus Henderson Group PLC purchased a new stake in Washington Federal during the second quarter valued at about $22,965,000. FMR LLC grew its position in Washington Federal by 7.4% during the second 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 during the period. Northern Trust Corp grew its position in Washington Federal by 12.8% during the second 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 during the period. JPMorgan Chase & Co. grew its position in Washington Federal by 487.1% during the third quarter. JPMorgan Chase & Co. now owns 311,752 shares of the bank’s stock valued at $10,584,000 after acquiring an additional 258,654 shares during the period. Finally, Koch Industries Inc. purchased a new stake in Washington Federal during the second quarter valued at about $213,000. 83.29% of the stock is owned by hedge funds and other institutional investors.

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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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