Washington Federal Inc. (NASDAQ:WAFD) Receives Consensus Rating of “Hold” from Brokerages

Washington Federal Inc. (NASDAQ:WAFD) has been given an average rating of “Hold” by the six analysts that are covering the firm, Marketbeat.com reports. Four equities research analysts have rated the stock with a hold rating and one has given a strong buy rating to the company. The average 1-year target price among analysts that have covered the stock in the last year is $34.50.

Several brokerages recently issued reports on WAFD. Piper Jaffray Companies set a $92.00 target price on Wintrust Financial and gave the stock a “buy” rating in a research report on Monday, July 8th. ValuEngine lowered Wave Life Sciences from a “buy” rating to a “hold” rating in a research report on Tuesday, April 16th. Finally, BidaskClub raised Zillow Group from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, July 2nd.

Shares of NASDAQ WAFD traded up $0.28 during mid-day trading on Monday, hitting $35.44. 332,100 shares of the stock traded hands, compared to its average volume of 407,380. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 1.30. Washington Federal has a twelve month low of $24.67 and a twelve month high of $35.58. The firm has a market capitalization of $2.85 billion, a P/E ratio of 14.77, a PEG ratio of 1.95 and a beta of 1.15. The firm’s 50 day simple moving average is $33.39.



Washington Federal (NASDAQ:WAFD) last released its quarterly earnings data on Monday, April 15th. The bank reported $0.63 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.61 by $0.02. Washington Federal had a return on equity of 10.39% and a net margin of 29.61%. The company had revenue of $132.88 million for the quarter, compared to the consensus estimate of $133.44 million. During the same quarter last year, the business posted $0.57 EPS. On average, equities analysts anticipate that Washington Federal will post 2.57 EPS for the current year.

Large investors have recently made changes to their positions in the stock. PNC Financial Services Group Inc. boosted its stake in shares of Washington Federal by 4.0% during the 4th quarter. PNC Financial Services Group Inc. now owns 11,856 shares of the bank’s stock valued at $317,000 after buying an additional 461 shares during the last quarter. BlackRock Inc. boosted its stake in shares of Washington Federal by 0.4% during the 4th quarter. BlackRock Inc. now owns 11,738,273 shares of the bank’s stock valued at $313,528,000 after buying an additional 51,613 shares during the last quarter. Texas Permanent School Fund boosted its stake in shares of Washington Federal by 1.5% during the 4th quarter. Texas Permanent School Fund now owns 53,330 shares of the bank’s stock valued at $1,424,000 after buying an additional 768 shares during the last quarter. Advisor Group Inc. boosted its stake in shares of Washington Federal by 21.4% during the 4th quarter. Advisor Group Inc. now owns 5,598 shares of the bank’s stock valued at $150,000 after buying an additional 988 shares during the last quarter. Finally, Northern Trust Corp boosted its stake in shares of Washington Federal by 2.7% during the 4th quarter. Northern Trust Corp now owns 2,912,039 shares of the bank’s stock valued at $77,781,000 after buying an additional 77,186 shares during the last quarter. 84.39% of the stock is owned by institutional investors and hedge funds.

Washington Federal Company Profile

Washington Federal, Inc operates as the bank holding company for Washington Federal, National Association that provides lending, depository, insurance, and other banking services in the United States. The company accepts 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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