Royal Bank of Canada boosted its holdings in shares of Washington Federal, Inc. (NASDAQ:WAFD) by 3.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,445 shares of the bank’s stock after buying an additional 522 shares during the period. Royal Bank of Canada’s holdings in Washington Federal were worth $480,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other large investors have also made changes to their positions in the stock. FMR LLC increased 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 buying an additional 549,742 shares in the last quarter. Northern Trust Corp increased 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 buying an additional 343,912 shares in the last quarter. Goldman Sachs Group Inc. increased 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 buying an additional 217,136 shares in the last quarter. Systematic Financial Management LP increased its position in Washington Federal by 6.8% during the 2nd quarter. Systematic Financial Management LP now owns 1,357,219 shares of the bank’s stock valued at $45,060,000 after buying an additional 86,995 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its position in Washington Federal by 6.1% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,226,347 shares of the bank’s stock valued at $40,714,000 after buying an additional 70,838 shares in the last quarter. 84.78% of the stock is currently owned by institutional investors.
WAFD has been the topic of a number of research reports. ValuEngine lowered Washington Federal from a “buy” rating to a “hold” rating in a report on Thursday, September 7th. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $34.00 price objective on shares of Washington Federal in a report on Tuesday, July 25th. Zacks Investment Research raised 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 reissued a “hold” rating and issued a $35.00 price objective on shares of Washington Federal in a report on Friday, September 8th. Finally, BidaskClub lowered Washington Federal from a “sell” rating to a “strong sell” rating in a report on Monday, July 31st. One research analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $36.00.
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Washington Federal, Inc. (WAFD) opened at $33.45 on Tuesday. 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 firm has a market capitalization of $2,916.62, a PE ratio of 17.24, a PEG ratio of 1.62 and a beta of 1.16. Washington Federal, Inc. has a 1-year low of $29.80 and a 1-year high of $35.95.
Washington Federal (NASDAQ:WAFD) last announced its quarterly earnings data on Wednesday, October 18th. The bank reported $0.52 earnings per share for the quarter, beating analysts’ consensus estimates of $0.49 by $0.03. The business had revenue of $128.69 million for the quarter, compared to analyst estimates of $121.46 million. Washington Federal had a return on equity of 8.63% and a net margin of 28.87%. sell-side analysts anticipate that Washington Federal, Inc. will post 2.07 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Monday, November 20th. Stockholders of record on Monday, November 6th will be paid a $0.15 dividend. The ex-dividend date is Friday, November 3rd. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.79%. Washington Federal’s payout ratio is 30.93%.
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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