Wedge Capital Management L L P NC cut its stake in Washington Federal Inc. (NASDAQ:WAFD) by 44.7% during the third quarter, HoldingsChannel reports. The fund owned 5,855 shares of the bank’s stock after selling 4,742 shares during the quarter. Wedge Capital Management L L P NC’s holdings in Washington Federal were worth $217,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently bought and sold shares of WAFD. Robeco Institutional Asset Management B.V. bought a new stake in Washington Federal in the third quarter worth $71,464,000. First Trust Advisors LP boosted its holdings in Washington Federal by 791.8% in the second quarter. First Trust Advisors LP now owns 1,140,236 shares of the bank’s stock worth $39,828,000 after purchasing an additional 1,012,377 shares in the last quarter. Janus Henderson Group PLC boosted its holdings in Washington Federal by 37.8% in the second quarter. Janus Henderson Group PLC now owns 1,824,751 shares of the bank’s stock worth $63,739,000 after purchasing an additional 500,671 shares in the last quarter. Westwood Holdings Group Inc. bought a new stake in Washington Federal in the second quarter worth $12,523,000. Finally, Nuveen Asset Management LLC bought a new stake in Washington Federal in the second quarter worth $11,398,000. 86.50% of the stock is currently owned by institutional investors and hedge funds.
WAFD stock traded up $0.02 during mid-day trading on Friday, reaching $36.91. 193,100 shares of the stock traded hands, compared to its average volume of 395,454. The firm has a market capitalization of $2.95 billion, a PE ratio of 14.14 and a beta of 1.11. The business has a 50-day moving average of $36.71 and a two-hundred day moving average of $34.87. The company has a quick ratio of 1.03, a current ratio of 1.02 and a debt-to-equity ratio of 1.11. Washington Federal Inc. has a 52 week low of $24.67 and a 52 week high of $38.26.
Washington Federal (NASDAQ:WAFD) last posted its quarterly earnings data on Tuesday, October 15th. The bank reported $0.66 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.65 by $0.01. The company had revenue of $136.63 million during the quarter, compared to analyst estimates of $136.20 million. Washington Federal had a net margin of 28.65% and a return on equity of 10.47%. During the same quarter last year, the business posted $0.62 earnings per share. On average, equities research analysts anticipate that Washington Federal Inc. will post 2.54 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, November 22nd. Stockholders of record on Friday, November 8th will be paid a dividend of $0.21 per share. The ex-dividend date of this dividend is Thursday, November 7th. This represents a $0.84 annualized dividend and a dividend yield of 2.28%. Washington Federal’s dividend payout ratio (DPR) is currently 32.18%.
A number of equities research analysts recently issued reports on the stock. ValuEngine cut shares of Washington Federal from a “hold” rating to a “sell” rating in a report on Wednesday, October 2nd. BidaskClub cut shares of Washington Federal from a “strong-buy” rating to a “buy” rating in a report on Thursday, October 17th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $34.00.
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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