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.
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.
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