United Services Automobile Association raised its position in Washington Federal, Inc. (NASDAQ:WAFD) by 8.2% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 25,000 shares of the bank’s stock after buying an additional 1,900 shares during the period. United Services Automobile Association’s holdings in Washington Federal were worth $828,000 at the end of the most recent quarter.
Other hedge funds have also recently bought and sold shares of the company. Russell Investments Group Ltd. purchased a new stake in Washington Federal during the fourth quarter worth approximately $1,343,000. Comerica Bank increased its stake in Washington Federal by 4.9% in the fourth quarter. Comerica Bank now owns 66,087 shares of the bank’s stock worth $2,250,000 after buying an additional 3,061 shares in the last quarter. State Street Corp increased its stake in Washington Federal by 5.8% in the fourth quarter. State Street Corp now owns 3,338,273 shares of the bank’s stock worth $114,666,000 after buying an additional 181,672 shares in the last quarter. Raymond James Financial Services Advisors Inc. purchased a new stake in Washington Federal during the fourth quarter worth approximately $214,000. Finally, O Shaughnessy Asset Management LLC purchased a new stake in Washington Federal during the fourth quarter worth approximately $117,000. 83.18% of the stock is currently owned by institutional investors.
Shares of Washington Federal, Inc. (NASDAQ WAFD) traded up 0.60% during midday trading on Monday, hitting $33.60. The stock had a trading volume of 253,050 shares. Washington Federal, Inc. has a 52 week low of $24.37 and a 52 week high of $35.95. The stock has a 50 day moving average price of $33.32 and a 200-day moving average price of $33.31. The stock has a market capitalization of $2.98 billion, a price-to-earnings ratio of 17.67 and a beta of 1.11.
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. The business had revenue of $122.54 million for the quarter, compared to the consensus estimate of $120.35 million. Washington Federal had a return on equity of 8.57% and a net margin of 29.06%. Equities research analysts anticipate that Washington Federal, Inc. will post $1.91 earnings per share for the current year.
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A number of analysts have recently commented on WAFD shares. Royal Bank Of Canada reissued a “hold” rating and issued a $35.00 price objective on shares of Washington Federal in a research note on Tuesday, April 4th. Piper Jaffray Companies reissued a “neutral” rating and issued a $30.00 price objective (down previously from $32.00) on shares of Washington Federal in a research note on Monday, April 17th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $34.00 target price on shares of Washington Federal in a research report on Wednesday, May 24th. Zacks Investment Research lowered Washington Federal from a “buy” rating to a “hold” rating in a research report on Friday, May 26th. Finally, BidaskClub raised Washington Federal from a “sell” rating to a “hold” rating in a research report on Saturday, June 10th. One analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $34.00.
In related news, Director Anna C. Johnson sold 4,200 shares of the firm’s stock in a transaction on Friday, May 26th. The stock was sold at an average price of $32.25, for a total transaction of $135,450.00. Following the sale, the director now owns 28,590 shares of the company’s stock, valued at approximately $922,027.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 1.28% of the company’s stock.
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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