OppenheimerFunds Inc. Takes Position in Washington Federal Inc. (WAFD)

OppenheimerFunds Inc. bought a new stake in shares of Washington Federal Inc. (NASDAQ:WAFD) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 6,217 shares of the bank’s stock, valued at approximately $203,000.

Other institutional investors have also made changes to their positions in the company. Kiley Juergens Wealth Management LLC acquired a new position in shares of Washington Federal during the 2nd quarter valued at $175,000. Gamco Investors INC. ET AL increased its position in shares of Washington Federal by 28.6% during the 2nd quarter. Gamco Investors INC. ET AL now owns 9,000 shares of the bank’s stock valued at $294,000 after purchasing an additional 2,000 shares during the period. First Republic Investment Management Inc. increased its position in shares of Washington Federal by 29.8% during the 1st quarter. First Republic Investment Management Inc. now owns 11,182 shares of the bank’s stock valued at $387,000 after purchasing an additional 2,564 shares during the period. Raymond James Financial Services Advisors Inc. increased its position in shares of Washington Federal by 70.8% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 12,155 shares of the bank’s stock valued at $397,000 after purchasing an additional 5,039 shares during the period. Finally, Hsbc Holdings PLC acquired a new position in shares of Washington Federal during the 1st quarter valued at $440,000. 84.22% of the stock is currently owned by hedge funds and other institutional investors.

A number of equities analysts recently issued reports on WAFD shares. Zacks Investment Research upgraded Washington Federal from a “hold” rating to a “buy” rating and set a $37.00 target price on the stock in a report on Tuesday, September 18th. BidaskClub upgraded Washington Federal from a “hold” rating to a “buy” rating in a report on Friday, August 17th. ValuEngine upgraded Washington Federal from a “sell” rating to a “hold” rating in a report on Thursday, June 21st. Finally, Royal Bank of Canada restated a “hold” rating and issued a $35.00 target price on shares of Washington Federal in a report on Friday, July 20th. Two equities research analysts have rated the stock with a sell rating and five have issued a hold rating to the stock. The company has an average rating of “Hold” and an average price target of $36.20.

Shares of NASDAQ WAFD opened at $31.67 on Monday. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.03 and a current ratio of 1.03. The firm has a market capitalization of $2.67 billion, a P/E ratio of 16.32, a P/E/G ratio of 1.35 and a beta of 1.13. Washington Federal Inc. has a 52-week low of $30.66 and a 52-week high of $37.70.

Washington Federal (NASDAQ:WAFD) last issued its earnings results on Wednesday, July 18th. The bank reported $0.61 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.59 by $0.02. The business had revenue of $132.30 million for the quarter, compared to analysts’ expectations of $131.70 million. Washington Federal had a return on equity of 9.93% and a net margin of 30.99%. During the same period in the previous year, the firm posted $0.49 EPS. As a group, research analysts expect that Washington Federal Inc. will post 2.37 EPS for the current fiscal year.

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.

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

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