Washington Federal Inc. (NASDAQ:WAFD) Director Randall H. Talbot Buys 5,300 Shares

Washington Federal Inc. (NASDAQ:WAFD) Director Randall H. Talbot bought 5,300 shares of Washington Federal stock in a transaction that occurred on Tuesday, July 28th. The shares were acquired at an average cost of $23.16 per share, for a total transaction of $122,748.00.

WAFD stock traded up $0.36 on Wednesday, reaching $23.46. The company’s stock had a trading volume of 18,137 shares, compared to its average volume of 421,168. The company has a debt-to-equity ratio of 1.41, a quick ratio of 1.10 and a current ratio of 1.05. The business has a fifty day simple moving average of $25.57 and a two-hundred day simple moving average of $28.18. The firm has a market cap of $1.78 billion, a PE ratio of 9.36 and a beta of 0.98. Washington Federal Inc. has a 12-month low of $20.92 and a 12-month high of $38.26.

Washington Federal (NASDAQ:WAFD) last released its quarterly earnings results on Wednesday, July 22nd. The bank reported $0.46 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.38 by $0.08. The company had revenue of $130.65 million during the quarter, compared to the consensus estimate of $131.40 million. Washington Federal had a net margin of 25.93% and a return on equity of 8.46%. As a group, research analysts anticipate that Washington Federal Inc. will post 2.01 earnings per share for the current fiscal year.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Raymond James & Associates boosted its position in shares of Washington Federal by 2.6% during the second quarter. Raymond James & Associates now owns 93,906 shares of the bank’s stock valued at $2,520,000 after purchasing an additional 2,386 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Washington Federal by 15.3% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,605 shares of the bank’s stock valued at $258,000 after buying an additional 1,271 shares during the period. Dupont Capital Management Corp lifted its position in Washington Federal by 71.2% during the second quarter. Dupont Capital Management Corp now owns 25,065 shares of the bank’s stock valued at $673,000 after buying an additional 10,425 shares during the period. Congress Asset Management Co. MA boosted its holdings in shares of Washington Federal by 2.2% during the 2nd quarter. Congress Asset Management Co. MA now owns 64,225 shares of the bank’s stock valued at $1,724,000 after buying an additional 1,410 shares in the last quarter. Finally, Smith Graham & Co. Investment Advisors LP grew its position in shares of Washington Federal by 5.0% in the 2nd quarter. Smith Graham & Co. Investment Advisors LP now owns 239,105 shares of the bank’s stock worth $6,418,000 after buying an additional 11,466 shares during the period. Institutional investors own 80.47% of the company’s stock.

WAFD has been the subject of several analyst reports. BidaskClub lowered shares of Washington Federal from a “hold” rating to a “sell” rating in a research report on Saturday, July 11th. Zacks Investment Research upgraded Washington Federal from a “sell” rating to a “hold” rating and set a $27.00 target price for the company in a report on Monday, July 6th. Finally, Piper Sandler boosted their price objective on Washington Federal from $25.00 to $25.50 and gave the company a “neutral” rating in a research report on Monday. One equities research analyst has rated the stock with a sell rating and four have assigned a hold rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $29.50.

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 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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