SG Americas Securities LLC Acquires 26,287 Shares of Washington Federal Inc. (WAFD)

SG Americas Securities LLC grew its holdings in shares of Washington Federal Inc. (NASDAQ:WAFD) by 159.1% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 42,812 shares of the bank’s stock after purchasing an additional 26,287 shares during the period. SG Americas Securities LLC’s holdings in Washington Federal were worth $1,370,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the company. Tower Research Capital LLC TRC raised its holdings in Washington Federal by 79.2% in the 2nd quarter. Tower Research Capital LLC TRC now owns 3,806 shares of the bank’s stock worth $124,000 after acquiring an additional 1,682 shares during the last quarter. OppenheimerFunds Inc. purchased a new position in Washington Federal in the 2nd quarter worth approximately $203,000. Gamco Investors INC. ET AL raised its holdings in Washington Federal by 28.6% in the 2nd quarter. Gamco Investors INC. ET AL now owns 9,000 shares of the bank’s stock worth $294,000 after acquiring an additional 2,000 shares during the last quarter. Raymond James & Associates purchased a new position in Washington Federal in the 2nd quarter worth approximately $340,000. Finally, Raymond James Financial Services Advisors Inc. raised its holdings in Washington Federal by 70.8% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 12,155 shares of the bank’s stock worth $397,000 after acquiring an additional 5,039 shares during the last quarter. Hedge funds and other institutional investors own 87.16% of the company’s stock.

NASDAQ:WAFD opened at $27.57 on Friday. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 1.17. Washington Federal Inc. has a 12 month low of $26.66 and a 12 month high of $37.70. The company has a market capitalization of $2.24 billion, a price-to-earnings ratio of 11.49, a P/E/G ratio of 1.57 and a beta of 1.16.



Washington Federal (NASDAQ:WAFD) last posted its earnings results on Tuesday, October 16th. The bank reported $0.62 EPS for the quarter, hitting analysts’ consensus estimates of $0.62. Washington Federal had a net margin of 31.31% and a return on equity of 10.22%. The business had revenue of $131.50 million during the quarter, compared to the consensus estimate of $133.83 million. During the same quarter in the previous year, the firm posted $0.52 EPS. On average, sell-side analysts forecast that Washington Federal Inc. will post 2.5 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 23rd. Stockholders of record on Friday, November 9th were given a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 2.61%. The ex-dividend date of this dividend was Thursday, November 8th. Washington Federal’s payout ratio is 30.00%.

WAFD has been the subject of a number of recent analyst reports. BidaskClub lowered shares of Washington Federal from a “buy” rating to a “hold” rating in a report on Wednesday, August 29th. Zacks Investment Research lowered shares of Washington Federal from a “buy” rating to a “hold” rating in a report on Monday, October 1st. ValuEngine downgraded shares of Washington Federal from a “sell” rating to a “strong sell” rating in a research report on Thursday, November 1st. Finally, TheStreet downgraded shares of Washington Federal from a “b” rating to a “c+” rating in a research report on Monday, November 19th. Three equities research analysts have rated the stock with a sell rating and four have assigned a hold rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $36.20.

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About Washington Federal

Washington Federal, Inc operates as the bank holding company for Washington Federal, National Association that provides lending, depository, insurance, and other banking services to consumers, mid-sized and large businesses, and owners and developers of commercial real estate in the United States. The company accepts deposit products, such as business and personal checking accounts, and term certificates of deposit, as well as money market accounts and passbook savings accounts.

Further Reading: Asset Allocation and Your Retirement

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Institutional Ownership by Quarter for Washington Federal (NASDAQ:WAFD)

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