Alpha Windward LLC increased its stake in Washington Federal, Inc. (NASDAQ:WAFD) by 8.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 14,975 shares of the bank’s stock after buying an additional 1,115 shares during the period. Alpha Windward LLC’s holdings in Washington Federal were worth $497,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Liberty Mutual Group Asset Management Inc. increased its position in shares of Washington Federal by 5.1% in the first quarter. Liberty Mutual Group Asset Management Inc. now owns 39,359 shares of the bank’s stock valued at $1,303,000 after buying an additional 1,926 shares during the last quarter. Lazard Asset Management LLC acquired a new position in shares of Washington Federal during the first quarter worth about $12,241,000. Norges Bank acquired a new position in shares of Washington Federal during the fourth quarter worth about $50,836,000. Oregon Public Employees Retirement Fund increased its position in shares of Washington Federal by 1.3% in the first quarter. Oregon Public Employees Retirement Fund now owns 31,665 shares of the bank’s stock worth $1,048,000 after buying an additional 400 shares in the last quarter. Finally, State of Tennessee Treasury Department acquired a new position in shares of Washington Federal during the first quarter worth about $6,289,000. 83.94% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Washington Federal, Inc. (WAFD) traded down 1.85% during mid-day trading on Friday, reaching $31.85. The company had a trading volume of 514,918 shares. The firm has a 50-day moving average of $33.24 and a 200-day moving average of $33.26. The company has a market capitalization of $2.82 billion, a P/E ratio of 16.75 and a beta of 1.12. Washington Federal, Inc. has a 12-month low of $25.08 and a 12-month high of $35.95.
Washington Federal (NASDAQ:WAFD) last issued its quarterly earnings data on Tuesday, July 18th. The bank reported $0.49 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.47 by $0.02. Washington Federal had a net margin of 29.06% and a return on equity of 8.57%. The business had revenue of $122.54 million during the quarter, compared to analyst estimates of $120.35 million. On average, equities analysts anticipate that Washington Federal, Inc. will post $1.91 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, August 18th. Stockholders of record on Friday, August 4th will be issued a dividend of $0.15 per share. The ex-dividend date of this dividend is Wednesday, August 2nd. This represents a $0.60 annualized dividend and a dividend yield of 1.88%. Washington Federal’s payout ratio is 31.41%.
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A number of research analysts have recently issued reports on the company. Zacks Investment Research downgraded Washington Federal from a “buy” rating to a “hold” rating in a research note on Friday, May 26th. BidaskClub raised Washington Federal from a “sell” rating to a “hold” rating in a research note on Saturday, June 10th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $34.00 target price on shares of Washington Federal in a research report on Tuesday, July 25th. Finally, Piper Jaffray Companies reaffirmed a “neutral” rating and issued a $30.00 target price (down from $32.00) on shares of Washington Federal in a research report on Monday, April 17th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $34.00.
In other news, Director Anna C. Johnson sold 4,200 shares of Washington Federal stock in a transaction that occurred on Friday, May 26th. The shares were sold at an average price of $32.25, for a total transaction of $135,450.00. Following the completion of the transaction, the director now directly owns 28,590 shares in the company, valued at $922,027.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Thomas J. Kelley sold 6,100 shares of Washington Federal stock in a transaction that occurred on Wednesday, July 26th. The shares were sold at an average price of $33.72, for a total transaction of $205,692.00. Following the transaction, the director now owns 21,185 shares of the company’s stock, valued at $714,358.20. The disclosure for this sale can be found here. 1.28% of the stock is currently owned by company insiders.
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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