Blueshift Asset Management LLC purchased a new stake in Washington Federal, Inc. (NASDAQ:WAFD – Get Rating) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 8,960 shares of the bank's stock, valued at approximately $294,000.
Several other hedge funds also recently made changes to their positions in the stock. Fuller & Thaler Asset Management Inc. grew its position in shares of Washington Federal by 4.0% in the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 1,890,497 shares of the bank's stock valued at $63,105,000 after purchasing an additional 72,074 shares in the last quarter. Geode Capital Management LLC grew its position in Washington Federal by 1.7% during the fourth quarter. Geode Capital Management LLC now owns 1,242,790 shares of the bank's stock worth $41,484,000 after buying an additional 21,146 shares in the last quarter. Systematic Financial Management LP grew its position in Washington Federal by 0.3% during the first quarter. Systematic Financial Management LP now owns 1,167,944 shares of the bank's stock worth $38,332,000 after buying an additional 3,468 shares in the last quarter. William Blair Investment Management LLC purchased a new position in Washington Federal during the first quarter worth about $35,822,000. Finally, Bank of New York Mellon Corp grew its position in Washington Federal by 1.2% during the first quarter. Bank of New York Mellon Corp now owns 906,332 shares of the bank's stock worth $29,745,000 after buying an additional 11,031 shares in the last quarter. 81.63% of the stock is currently owned by hedge funds and other institutional investors.
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Washington Federal Price Performance
Washington Federal stock opened at $31.83 on Friday. The business has a 50-day simple moving average of $32.65 and a 200 day simple moving average of $32.67. Washington Federal, Inc. has a 52 week low of $29.46 and a 52 week high of $38.06. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.89. The stock has a market cap of $2.08 billion, a price-to-earnings ratio of 10.47 and a beta of 0.80.
Washington Federal (NASDAQ:WAFD – Get Rating) last posted its quarterly earnings data on Wednesday, July 13th. The bank reported $0.91 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.79 by $0.12. Washington Federal had a return on equity of 11.50% and a net
margin of 31.21%. The firm had revenue of $169.30 million during the quarter, compared to analysts' expectations of $157.80 million. During the same period in the prior year, the business earned $0.61 EPS. The company's revenue for the quarter was up 19.4% compared to the same quarter last year. On average, research analysts forecast that Washington Federal, Inc. will post 3.22 earnings per share for the current fiscal year.
Washington Federal Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 2nd. Stockholders of record on Friday, August 19th will be issued a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 3.02%. The ex-dividend date is Thursday, August 18th. Washington Federal's payout ratio is currently 31.58%.
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 Company Profile
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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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