Washington Federal, Inc. Forecasted to Earn FY2022 Earnings of $3.00 Per Share (NASDAQ:WAFD)

Washington Federal, Inc. (NASDAQ:WAFDGet Rating) – Investment analysts at DA Davidson lowered their FY2022 earnings per share estimates for shares of Washington Federal in a note issued to investors on Monday, April 18th. DA Davidson analyst J. Rulis now forecasts that the bank will earn $3.00 per share for the year, down from their previous forecast of $3.07. DA Davidson has a “Buy” rating and a $43.00 price objective on the stock.

Several other equities analysts also recently commented on WAFD. Zacks Investment Research downgraded shares of Washington Federal from a “strong-buy” rating to a “hold” rating and set a $34.00 target price on the stock. in a research report on Tuesday, December 21st. Piper Sandler increased their target price on shares of Washington Federal from $34.00 to $37.00 in a research report on Tuesday, January 18th. Finally, StockNews.com initiated coverage on shares of Washington Federal in a research report on Thursday, March 31st. They set a “hold” rating on the stock.

Shares of WAFD opened at $32.44 on Wednesday. The firm has a market cap of $2.12 billion, a PE ratio of 11.84 and a beta of 0.76. The firm’s 50 day moving average price is $33.96 and its 200 day moving average price is $34.51. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.03 and a current ratio of 1.03. Washington Federal has a twelve month low of $29.01 and a twelve month high of $38.06.

Washington Federal (NASDAQ:WAFDGet Rating) last issued its quarterly earnings data on Wednesday, April 13th. The bank reported $0.70 earnings per share for the quarter, meeting the consensus estimate of $0.70. The firm had revenue of $150.84 million for the quarter, compared to analyst estimates of $150.77 million. Washington Federal had a net margin of 29.95% and a return on equity of 10.65%. The company’s revenue for the quarter was up 9.0% on a year-over-year basis. During the same quarter last year, the firm earned $0.56 earnings per share.

Large investors have recently bought and sold shares of the company. Dark Forest Capital Management LP increased its holdings in shares of Washington Federal by 1,229.9% during the 3rd quarter. Dark Forest Capital Management LP now owns 891 shares of the bank’s stock worth $31,000 after purchasing an additional 824 shares during the period. Quadrant Capital Group LLC grew its holdings in shares of Washington Federal by 12,006.3% during the 4th quarter. Quadrant Capital Group LLC now owns 1,937 shares of the bank’s stock worth $65,000 after purchasing an additional 1,921 shares in the last quarter. Versor Investments LP acquired a new stake in shares of Washington Federal during the 3rd quarter worth approximately $218,000. CAPROCK Group Inc. acquired a new stake in shares of Washington Federal during the 1st quarter worth approximately $213,000. Finally, Lakeside Advisors INC. acquired a new stake in shares of Washington Federal during the 4th quarter worth approximately $276,000. Institutional investors own 80.09% of the company’s stock.

In other news, Director Shawn Bice sold 3,812 shares of the company’s stock in a transaction that occurred on Thursday, February 10th. The stock was sold at an average price of $35.27, for a total transaction of $134,449.24. Following the completion of the transaction, the director now directly owns 100 shares in the company, valued at $3,527. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Vincent L. Beatty sold 16,000 shares of the business’s stock in a transaction dated Thursday, February 10th. The stock was sold at an average price of $35.74, for a total transaction of $571,840.00. The disclosure for this sale can be found here. 1.57% of the stock is owned by corporate insiders.

The company also recently declared a quarterly dividend, which will be paid on Friday, June 3rd. Shareholders of record on Friday, May 20th will be issued a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 2.96%. The ex-dividend date of this dividend is Thursday, May 19th. Washington Federal’s dividend payout ratio (DPR) is 35.04%.

About Washington Federal (Get Rating)

Washington Federal, Inc operates as the bank holding company for Washington Federal Bank, National Association that provides lending, depository, insurance, and other banking services in the United States. The company offers 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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Earnings History and Estimates for Washington Federal (NASDAQ:WAFD)

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