American Century Companies Inc. raised its position in Washington Federal, Inc. (NASDAQ:WAFD – Get Rating) by 32.4% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 253,919 shares of the bank's stock after purchasing an additional 62,130 shares during the quarter. American Century Companies Inc. owned 0.39% of Washington Federal worth $8,334,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in WAFD. Fuller & Thaler Asset Management Inc. boosted its stake in 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 acquiring an additional 72,074 shares in the last quarter. Geode Capital Management LLC grew its position in shares of Washington Federal by 1.7% in the fourth quarter. Geode Capital Management LLC now owns 1,242,790 shares of the bank's stock valued at $41,484,000 after purchasing an additional 21,146 shares during the period. Systematic Financial Management LP grew its position in shares of Washington Federal by 0.3% in the first quarter. Systematic Financial Management LP now owns 1,167,944 shares of the bank's stock valued at $38,332,000 after purchasing an additional 3,468 shares during the period. William Blair Investment Management LLC acquired a new position in Washington Federal during the first quarter worth about $35,822,000. Finally, Bank of New York Mellon Corp boosted 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 acquiring an additional 11,031 shares during the last quarter. 81.63% of the stock is owned by hedge funds and other institutional investors.
Get
Washington Federal alerts:
Washington Federal Stock Performance
Shares of WAFD opened at $31.53 on Friday. The company has a 50-day simple moving average of $32.65 and a 200-day simple moving average of $32.67. 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 company has a market capitalization of $2.06 billion, a PE ratio of 10.37 and a beta of 0.80. Washington Federal, Inc. has a 52-week low of $29.46 and a 52-week high of $38.06.
Washington Federal (NASDAQ:WAFD – Get Rating) last released its earnings results on Wednesday, July 13th. The bank reported $0.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.79 by $0.12. The business had revenue of $169.30 million for the quarter, compared to analysts' expectations of $157.80 million. Washington Federal had a net
margin of 31.21% and a return on equity of 11.50%. The company's quarterly revenue was up 19.4% on a year-over-year basis. During the same period last year, the company earned $0.61 earnings per share. Equities research analysts predict that Washington Federal, Inc. will post 3.22 earnings per share for the current fiscal year.
Washington Federal Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Friday, September 2nd. Investors of record on Friday, August 19th were paid a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 3.04%. The ex-dividend date was Thursday, August 18th. Washington Federal's dividend payout ratio is currently 31.58%.
Wall Street Analyst Weigh In
Separately, DA Davidson set a $41.00 price target on shares of Washington Federal in a research note on Friday, July 15th.
About Washington Federal
(Get Rating)
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.
Featured Stories
- Get a free copy of the StockNews.com research report on Washington Federal (WAFD)
- Could Snap Stock Rebound As Management Restructures?
- MarketBeat: Week in Review 8/29 – 9/2
- Hormel Looks Cheap At These Levels
- Lululemon Set To Soar Into September
- Could Nike Stock be Oversold, but Still Overvalued?
Want to see what other hedge funds are holding WAFD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Washington Federal, Inc. (NASDAQ:WAFD – Get Rating).
Receive News & Ratings for Washington Federal Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Washington Federal and related companies with MarketBeat.com's FREE daily email newsletter.
