KBW analyst Kelly Motta assigned a Buy rating to Washington Federal (WAFD – Research Report) yesterday and set a price target of $35.00. The company’s shares closed yesterday at $28.11.
Motta covers the Financial sector, focusing on stocks such as Banc of California, Glacier Bancorp, and Washington Federal. According to TipRanks, Motta has an average return of 6.8% and a 58.62% success rate on recommended stocks.
Washington Federal has an analyst consensus of Moderate Buy, with a price target consensus of $33.00, a 17.40% upside from current levels. In a report released on April 11, D.A. Davidson also maintained a Buy rating on the stock with a $35.00 price target.
Based on Washington Federal’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $166.4 million and a net profit of $58.45 million. In comparison, last year the company earned a revenue of $196.82 million and had a net profit of $79.51 million
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Washington Federal (WAFD) Company Description:
Washington Federal, Inc. is a bank holding company for Washington Federal, NA., which engages in the provision of lending, depository, insurance, banking, financial products and services. It offers checking and savings accounts, mortgages, credit cards, retirement, money markets, mobile and online banking, real estate and equipment financing, treasury management, and credit solutions. The company was founded on April 24, 1917 and is headquartered in Seattle, WA.
