Retirement Systems of Alabama Has $3.66 Million Stake in Washington Federal Inc. (NASDAQ:WAFD)

Retirement Systems of Alabama decreased its holdings in Washington Federal Inc. (NASDAQ:WAFD) by 0.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 104,635 shares of the bank’s stock after selling 952 shares during the period. Retirement Systems of Alabama owned about 0.13% of Washington Federal worth $3,655,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Geode Capital Management LLC increased its holdings in shares of Washington Federal by 6.5% in the 4th quarter. Geode Capital Management LLC now owns 955,671 shares of the bank’s stock valued at $25,525,000 after purchasing an additional 58,527 shares during the period. Mason Street Advisors LLC grew its stake in shares of Washington Federal by 1.0% in the 1st quarter. Mason Street Advisors LLC now owns 43,133 shares of the bank’s stock valued at $1,246,000 after buying an additional 445 shares in the last quarter. Hillcrest Asset Management LLC grew its stake in shares of Washington Federal by 36.2% in the 1st quarter. Hillcrest Asset Management LLC now owns 279,311 shares of the bank’s stock valued at $8,069,000 after buying an additional 74,211 shares in the last quarter. DekaBank Deutsche Girozentrale bought a new stake in shares of Washington Federal in the 1st quarter valued at approximately $816,000. Finally, SG Americas Securities LLC bought a new stake in shares of Washington Federal in the 1st quarter valued at approximately $344,000. Institutional investors own 83.70% of the company’s stock.

Several equities research analysts recently commented on WAFD shares. BidaskClub raised Zillow Group from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, July 2nd. ValuEngine cut Wave Life Sciences from a “buy” rating to a “hold” rating in a research note on Tuesday, April 16th. Finally, Piper Jaffray Companies set a $92.00 price target on Wintrust Financial and gave the company a “buy” rating in a research note on Monday, July 8th. Three investment analysts have rated the stock with a hold rating and one has given a strong buy rating to the stock. Washington Federal presently has an average rating of “Buy” and a consensus target price of $35.50.

Shares of NASDAQ WAFD traded up $0.10 during trading hours on Wednesday, hitting $36.99. The stock had a trading volume of 9,930 shares, compared to its average volume of 422,287. The firm has a market capitalization of $2.94 billion, a P/E ratio of 15.36, a P/E/G ratio of 2.00 and a beta of 1.15. The company’s 50-day moving average price is $34.58. Washington Federal Inc. has a 52 week low of $24.67 and a 52 week high of $36.90. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 1.24.

Washington Federal (NASDAQ:WAFD) last announced its quarterly earnings results on Tuesday, July 16th. The bank reported $0.67 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.64 by $0.03. The business had revenue of $135.71 million during the quarter, compared to analysts’ expectations of $134.17 million. Washington Federal had a return on equity of 10.47% and a net margin of 29.19%. Equities research analysts anticipate that Washington Federal Inc. will post 2.61 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, August 23rd. Shareholders of record on Friday, August 9th will be given a dividend of $0.21 per share. The ex-dividend date of this dividend is Thursday, August 8th. This represents a $0.84 dividend on an annualized basis and a yield of 2.27%. This is a boost from Washington Federal’s previous quarterly dividend of $0.20. Washington Federal’s dividend payout ratio is presently 33.33%.

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

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