State Street Corp Buys 281,548 Shares of Washington Federal, Inc. (NASDAQ:WAFD)

State Street Corp raised its stake in shares of Washington Federal, Inc. (NASDAQ:WAFD) by 8.4% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,619,821 shares of the bank’s stock after buying an additional 281,548 shares during the period. State Street Corp’s holdings in Washington Federal were worth $119,814,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the stock. Meadow Creek Investment Management LLC raised its position in Washington Federal by 9.3% in the first quarter. Meadow Creek Investment Management LLC now owns 3,200 shares of the bank’s stock valued at $106,000 after buying an additional 272 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in Washington Federal by 61.9% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,816 shares of the bank’s stock valued at $126,000 after buying an additional 1,459 shares during the last quarter. Neuburgh Advisers LLC raised its position in Washington Federal by 9.3% in the first quarter. Neuburgh Advisers LLC now owns 4,400 shares of the bank’s stock valued at $146,000 after buying an additional 374 shares during the last quarter. Tyers Asset Management LLC raised its position in Washington Federal by 9.3% in the first quarter. Tyers Asset Management LLC now owns 5,600 shares of the bank’s stock valued at $185,000 after buying an additional 476 shares during the last quarter. Finally, OppenheimerFunds Inc. acquired a new position in Washington Federal during the first quarter valued at approximately $201,000. Hedge funds and other institutional investors own 83.72% of the company’s stock.

Shares of Washington Federal, Inc. (WAFD) opened at 33.50 on Monday. The firm has a market capitalization of $3.00 billion, a price-to-earnings ratio of 17.81 and a beta of 1.12. Washington Federal, Inc. has a 52 week low of $23.59 and a 52 week high of $35.95. The firm’s 50-day moving average price is $32.89 and its 200 day moving average price is $33.48.

Washington Federal (NASDAQ:WAFD) last posted its earnings results on Thursday, April 13th. The bank reported $0.47 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.45 by $0.02. Washington Federal had a return on equity of 8.58% and a net margin of 29.24%. The company had revenue of $117.86 million for the quarter, compared to analyst estimates of $115.94 million. On average, analysts anticipate that Washington Federal, Inc. will post $1.89 EPS for the current year.

TRADEMARK VIOLATION WARNING: This report was originally reported by WKRB News and is the sole property of of WKRB News. If you are accessing this report on another site, it was stolen and reposted in violation of US and international trademark & copyright law. The legal version of this report can be accessed at https://www.wkrb13.com/markets/2284821/state-street-corp-buys-281548-shares-of-washington-federal-inc-nasdaqwafd.html.

Several research firms recently commented on WAFD. Zacks Investment Research lowered Washington Federal from a “buy” rating to a “hold” rating in a research note on Friday, May 26th. BidaskClub upgraded Washington Federal from a “sell” rating to a “hold” rating in a research note on Saturday, June 10th. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $34.00 target price on shares of Washington Federal in a research note on Wednesday, May 24th. Royal Bank of Canada reiterated a “hold” rating and issued a $35.00 target price on shares of Washington Federal in a research note on Tuesday, April 4th. Finally, Piper Jaffray Companies restated a “neutral” rating and set a $30.00 price target (down from $32.00) on shares of Washington Federal in a research note on Monday, April 17th. One equities research analyst has rated the stock with a sell rating and four have given a hold rating to the stock. The stock has an average rating of “Hold” and an average target price of $34.50.

In other Washington Federal news, Director Anna C. Johnson sold 4,200 shares of the firm’s stock in a transaction dated Friday, May 26th. The stock was sold at an average price of $32.25, for a total transaction of $135,450.00. Following the transaction, the director now directly owns 28,590 shares in the company, valued at $922,027.50. The transaction was disclosed in a filing with the SEC, which is available through this link. 1.28% of the stock is owned by company insiders.

Washington Federal Company Profile

Washington Federal, Inc is a bank holding company. The Company conducts its operations through a federally insured national bank subsidiary, Washington Federal, National Association (the Bank). The business of the Bank consists primarily of accepting deposits from the general public and investing these funds in loans of various types, including first lien mortgages on single-family dwellings, construction loans, land acquisition and development loans, loans on multi-family, commercial real estate and other income producing properties, home equity loans and business loans.

Want to see what other hedge funds are holding WAFD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Washington Federal, Inc. (NASDAQ:WAFD).

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

This story was originally published by WKRB News (https://www.wkrb13.com) and is the sole property of WKRB News. If you are reading this article on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. You can view the original version of this story at https://www.wkrb13.com/markets/2284821/state-street-corp-buys-281548-shares-of-washington-federal-inc-nasdaqwafd.html

Receive News & Ratings for Washington Federal Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Washington Federal Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

 


Leave a Reply

 
© 2006-2017 WKRB News.