Brinker Capital Investments LLC reduced its holdings in Washington Federal, Inc. (NASDAQ:WAFD – Get Rating) by 1.5% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 40,600 shares of the bank's stock after selling 614 shares during the period. Brinker Capital Investments LLC owned about 0.06% of Washington Federal worth $1,219,000 at the end of the most recent quarter.
Several other institutional investors also recently bought and sold shares of WAFD. Toth Financial Advisory Corp acquired a new stake in shares of Washington Federal in the first quarter worth approximately $48,000. Point72 Hong Kong Ltd acquired a new stake in shares of Washington Federal in the first quarter worth approximately $82,000. Marshall & Sullivan Inc. WA acquired a new stake in shares of Washington Federal in the second quarter worth approximately $94,000. Nisa Investment Advisors LLC boosted its stake in shares of Washington Federal by 50.4% in the first quarter. Nisa Investment Advisors LLC now owns 3,760 shares of the bank's stock worth $123,000 after acquiring an additional 1,260 shares during the last quarter. Finally, Captrust Financial Advisors boosted its stake in shares of Washington Federal by 979.4% in the first quarter. Captrust Financial Advisors now owns 4,091 shares of the bank's stock worth $134,000 after acquiring an additional 3,712 shares during the last quarter. 81.63% of the stock is owned by institutional investors and hedge funds.
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Washington Federal Stock Performance
Shares of Washington Federal stock opened at $29.98 on Monday. Washington Federal, Inc. has a one year low of $29.46 and a one year high of $38.06. The company has a market cap of $1.96 billion, a price-to-earnings ratio of 9.86 and a beta of 0.81. 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 moving average price is $32.79 and its 200 day moving average price is $32.06.
Washington Federal (NASDAQ:WAFD – Get Rating) last announced its quarterly earnings data on Wednesday, July 13th. The bank reported $0.91 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 for the quarter, compared to the consensus estimate of $157.80 million. During the same quarter last year, the business posted $0.61 earnings per share. The firm's revenue was up 19.4% compared to the same quarter last year. On average, research analysts predict that Washington Federal, Inc. will post 3.22 EPS for the current year.
Washington Federal Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Friday, September 2nd. Shareholders of record on Friday, August 19th were given a $0.24 dividend. The ex-dividend date was Thursday, August 18th. This represents a $0.96 dividend on an annualized basis and a yield of 3.20%. Washington Federal's dividend payout ratio is currently 31.58%.
Wall Street Analyst Weigh In
WAFD has been the topic of a number of research analyst reports. DA Davidson set a $41.00 price target on Washington Federal in a research note on Friday, July 15th. StockNews.com raised Washington Federal from a "hold" rating to a "buy" rating in a research note on Wednesday, September 21st.
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.
Further Reading
- Get a free copy of the StockNews.com research report on Washington Federal (WAFD)
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