GSA Capital Partners LLP cut its position in shares of Washington Federal, Inc. (NASDAQ:WAFD – Get Rating) by 50.0% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 7,839 shares of the bank's stock after selling 7,848 shares during the quarter. GSA Capital Partners LLP's holdings in Washington Federal were worth $257,000 at the end of the most recent reporting period.
Several other large investors have also recently added to or reduced their stakes in WAFD. ProShare Advisors LLC lifted its stake in Washington Federal by 50.0% during the fourth quarter. ProShare Advisors LLC now owns 20,080 shares of the bank's stock worth $669,000 after purchasing an additional 6,691 shares during the last quarter. Bank of America Corp DE lifted its stake in Washington Federal by 33.9% during the fourth quarter. Bank of America Corp DE now owns 355,120 shares of the bank's stock worth $11,853,000 after purchasing an additional 89,929 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp lifted its stake in Washington Federal by 25.3% during the fourth quarter. Mitsubishi UFJ Trust & Banking Corp now owns 15,750 shares of the bank's stock worth $526,000 after purchasing an additional 3,185 shares during the last quarter. Baird Financial Group Inc. lifted its stake in Washington Federal by 1.8% during the fourth quarter. Baird Financial Group Inc. now owns 537,960 shares of the bank's stock worth $17,957,000 after purchasing an additional 9,683 shares during the last quarter. Finally, Lazard Asset Management LLC acquired a new stake in Washington Federal in the fourth quarter worth $2,887,000. 81.63% of the stock is currently owned by institutional investors.
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Analysts Set New Price Targets
Separately, DA Davidson set a $41.00 target price on Washington Federal in a research report on Friday, July 15th.
Washington Federal Price Performance
Shares of WAFD opened at $32.01 on Thursday. The firm has a market capitalization of $2.09 billion, a price-to-earnings ratio of 10.53 and a beta of 0.80. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.00 and a current ratio of 1.00. Washington Federal, Inc. has a one year low of $29.46 and a one year high of $38.06. The stock's fifty day moving average is $32.65 and its 200-day moving average is $32.67.
Washington Federal (NASDAQ:WAFD – Get Rating) last issued its quarterly earnings results on Wednesday, July 13th. The bank reported $0.91 EPS for the quarter, beating analysts' consensus estimates of $0.79 by $0.12. The company had revenue of $169.30 million for the quarter, compared to analyst estimates of $157.80 million. Washington Federal had a return on equity of 11.50% and a net margin of 31.21%. The company's quarterly revenue was up 19.4% compared to the same quarter last year. During the same period last year, the company earned $0.61 earnings per share. Equities analysts anticipate that Washington Federal, Inc. will post 3.22 EPS for the current year.
Washington Federal Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 2nd. Stockholders of record on Friday, August 19th will be issued a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 3.00%. The ex-dividend date is Thursday, August 18th. Washington Federal's dividend payout ratio (DPR) is 31.58%.
About Washington Federal
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Washington Federal, Inc operates as the bank holding company for Washington Federal Bank, National Association that provides lending, depository, insurance, and other banking services in the United States. The company offers deposit products, including business and personal checking accounts, and term certificates of deposit, as well as money market accounts and passbook savings accounts.
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