Somewhat Positive News Coverage Somewhat Unlikely to Affect Washington Federal (WAFD) Share Price

Press coverage about Washington Federal (NASDAQ:WAFD) has been trending somewhat positive this week, Accern reports. Accern identifies negative and positive press coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Washington Federal earned a media sentiment score of 0.09 on Accern’s scale. Accern also gave media coverage about the bank an impact score of 46.1987140889021 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.

Here are some of the headlines that may have effected Accern Sentiment Analysis’s analysis:

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A number of equities analysts recently commented on WAFD shares. Royal Bank of Canada reissued a “hold” rating and issued a $36.00 price objective on shares of Washington Federal in a research note on Thursday, April 12th. Zacks Investment Research lowered shares of Washington Federal from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 20th. BidaskClub lowered shares of Washington Federal from a “hold” rating to a “sell” rating in a report on Wednesday, January 31st. ValuEngine raised shares of Washington Federal from a “hold” rating to a “buy” rating in a report on Wednesday, March 7th. Finally, DA Davidson reaffirmed a “hold” rating and issued a $39.00 price target on shares of Washington Federal in a report on Thursday, January 18th. One analyst has rated the stock with a sell rating and six have assigned a hold rating to the company. Washington Federal presently has an average rating of “Hold” and a consensus price target of $37.00.

NASDAQ WAFD opened at $32.75 on Tuesday. The company has a debt-to-equity ratio of 1.17, a quick ratio of 1.03 and a current ratio of 1.02. Washington Federal has a 12-month low of $29.80 and a 12-month high of $37.70. The firm has a market capitalization of $2,741.64, a price-to-earnings ratio of 16.88, a PEG ratio of 1.37 and a beta of 1.14.

Washington Federal (NASDAQ:WAFD) last released its quarterly earnings results on Wednesday, April 11th. The bank reported $0.57 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.59 by ($0.02). Washington Federal had a return on equity of 9.53% and a net margin of 30.61%. The firm had revenue of $129.89 million during the quarter, compared to analysts’ expectations of $131.87 million. During the same period in the prior year, the firm posted $0.47 earnings per share. sell-side analysts anticipate that Washington Federal will post 2.37 EPS for the current year.

Washington Federal declared that its board has initiated a stock buyback program on Wednesday, January 24th that permits the company to repurchase 5,000,000 outstanding shares. This repurchase authorization permits the bank to repurchase shares of its stock through open market purchases. Shares repurchase programs are usually a sign that the company’s management believes its shares are undervalued.

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About Washington Federal

Washington Federal, Inc operates as the bank holding company for Washington Federal, National Association that provides lending, depository, insurance, and other banking services to consumers, mid-sized and large businesses, and owners and developers of commercial real estate in the United States. The company accepts deposit products, such as business and personal checking accounts, and term certificates of deposit, as well as money market accounts and passbook savings accounts.

Insider Buying and Selling by Quarter for Washington Federal (NASDAQ:WAFD)

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