Acadian Asset Management LLC increased its holdings in shares of Washington Federal, Inc. (NASDAQ:WAFD – Get Rating) by 869.5% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 90,628 shares of the bank's stock after buying an additional 81,280 shares during the quarter. Acadian Asset Management LLC owned 0.14% of Washington Federal worth $2,969,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Toth Financial Advisory Corp purchased a new position in Washington Federal during the 1st quarter worth $48,000. Nisa Investment Advisors LLC grew its stake in Washington Federal by 50.4% during the 1st quarter. Nisa Investment Advisors LLC now owns 3,760 shares of the bank's stock valued at $123,000 after purchasing an additional 1,260 shares during the last quarter. Investors Asset Management of Georgia Inc. GA ADV purchased a new stake in Washington Federal during the 1st quarter valued at about $202,000. CAPROCK Group Inc. purchased a new stake in Washington Federal during the 1st quarter valued at about $213,000. Finally, Lakeside Advisors INC. purchased a new stake in Washington Federal during the 4th quarter valued at about $276,000. 81.63% of the stock is currently owned by hedge funds and other institutional investors.
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Wall Street Analysts Forecast Growth
Separately, DA Davidson set a $41.00 price target on Washington Federal in a research note on Friday, July 15th.
Washington Federal Stock Down 0.9 %
Washington Federal stock opened at $31.53 on Monday. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.00 and a current ratio of 1.00. The business's 50-day simple moving average is $32.65 and its two-hundred day simple moving average is $32.67. The company has a market cap of $2.06 billion, a PE ratio of 10.37 and a beta of 0.81. Washington Federal, Inc. has a fifty-two week low of $29.46 and a fifty-two week high of $38.06.
Washington Federal (NASDAQ:WAFD – Get Rating) last issued its quarterly earnings data on Wednesday, July 13th. The bank reported $0.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.79 by $0.12. The business had revenue of $169.30 million during the quarter, compared to analysts' expectations of $157.80 million. Washington Federal had a return on equity of 11.50% and a net margin of 31.21%. The company's revenue for the quarter was up 19.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.61 EPS. Equities analysts anticipate that Washington Federal, Inc. will post 3.22 EPS for the current year.
Washington Federal Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Friday, September 2nd. Stockholders of record on Friday, August 19th were issued a $0.24 dividend. The ex-dividend date of this dividend was Thursday, August 18th. This represents a $0.96 annualized dividend and a dividend yield of 3.04%. Washington Federal's dividend payout ratio (DPR) is presently 31.58%.
Washington Federal 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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