California State Teachers Retirement System Has $4.75 Million Position in Washington Federal Inc. (WAFD)

California State Teachers Retirement System cut its stake in shares of Washington Federal Inc. (NASDAQ:WAFD) by 2.1% in the 4th quarter, HoldingsChannel.com reports. The fund owned 138,790 shares of the bank’s stock after selling 2,979 shares during the quarter. California State Teachers Retirement System’s holdings in Washington Federal were worth $4,754,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Acadian Asset Management LLC purchased a new stake in Washington Federal during the 4th quarter valued at about $199,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Washington Federal by 42.7% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,877 shares of the bank’s stock valued at $201,000 after acquiring an additional 1,760 shares during the period. Ramsey Quantitative Systems purchased a new stake in Washington Federal during the 4th quarter valued at about $239,000. JOYN Advisors Inc. purchased a new stake in Washington Federal during the 4th quarter valued at about $264,000. Finally, Cubist Systematic Strategies LLC purchased a new stake in Washington Federal during the 3rd quarter valued at about $283,000. Institutional investors own 84.53% of the company’s stock.

NASDAQ WAFD opened at $34.60 on Friday. Washington Federal Inc. has a fifty-two week low of $29.80 and a fifty-two week high of $37.70. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.03 and a quick ratio of 1.03. The company has a market capitalization of $2,974.70, a price-to-earnings ratio of 17.84, a price-to-earnings-growth ratio of 1.42 and a beta of 1.13.

Washington Federal (NASDAQ:WAFD) last released its quarterly earnings data on Wednesday, January 17th. The bank reported $0.59 earnings per share for the quarter, topping the consensus estimate of $0.51 by $0.08. Washington Federal had a return on equity of 9.14% and a net margin of 30.20%. The business had revenue of $122.53 million during the quarter, compared to analysts’ expectations of $124.98 million. research analysts expect that Washington Federal Inc. will post 2.44 earnings per share for the current year.

Washington Federal announced that its board has authorized a stock repurchase program on Wednesday, January 24th that allows the company to repurchase 5,000,000 shares. This repurchase authorization allows the bank to reacquire shares of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s board believes its stock is undervalued.

WAFD has been the subject of several analyst reports. BidaskClub cut Washington Federal from a “hold” rating to a “sell” rating in a report on Wednesday, January 31st. Keefe, Bruyette & Woods restated a “hold” rating and set a $38.00 target price on shares of Washington Federal in a report on Thursday, January 18th. ValuEngine upgraded Washington Federal from a “hold” rating to a “buy” rating in a report on Sunday, December 31st. DA Davidson restated a “hold” rating and set a $39.00 target price on shares of Washington Federal in a report on Thursday, January 18th. Finally, Zacks Investment Research cut Washington Federal from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 20th. Six research analysts have rated the stock with a hold rating and one has given a buy rating to the company. Washington Federal presently has a consensus rating of “Hold” and a consensus target price of $37.40.

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Washington Federal Profile

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.

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

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