Washington Federal, Inc. (NASDAQ:WAFD – Get Rating) CEO Brent J. Beardall acquired 1,600 shares of the company’s stock in a transaction dated Monday, March 13th. The stock was acquired at an average cost of $30.20 per share, for a total transaction of $48,320.00. Following the completion of the purchase, the chief executive officer now directly owns 28,894 shares in the company, valued at $872,598.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.
Washington Federal Stock Down 0.6 %
WAFD stock opened at $32.05 on Wednesday. The company has a market cap of $2.10 billion, a P/E ratio of 8.35 and a beta of 0.85. Washington Federal, Inc. has a fifty-two week low of $29.08 and a fifty-two week high of $39.17. The stock’s 50 day simple moving average is $34.82 and its 200 day simple moving average is $34.24. The company has a debt-to-equity ratio of 1.52, a quick ratio of 1.09 and a current ratio of 1.09.
Washington Federal (NASDAQ:WAFD – Get Rating) last issued its quarterly earnings data on Thursday, January 12th. The bank reported $1.16 EPS for the quarter, topping the consensus estimate of $1.11 by $0.05. The firm had revenue of $196.82 million during the quarter, compared to the consensus estimate of $194.50 million. Washington Federal had a return on equity of 13.60% and a net margin of 32.70%. On average, research analysts expect that Washington Federal, Inc. will post 4.43 earnings per share for the current fiscal year.
Washington Federal Increases Dividend
Analyst Ratings Changes
WAFD has been the topic of a number of research reports. Piper Sandler upped their price target on Washington Federal from $36.00 to $37.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 17th. DA Davidson upped their price target on Washington Federal from $43.00 to $45.00 and gave the stock a “buy” rating in a research note on Tuesday, January 17th. Finally, StockNews.com downgraded Washington Federal from a “buy” rating to a “hold” rating in a research note on Wednesday, December 21st.
Institutional Trading of Washington Federal
Institutional investors and hedge funds have recently modified their holdings of the stock. Meeder Asset Management Inc. raised its stake in shares of Washington Federal by 179.0% in the second quarter. Meeder Asset Management Inc. now owns 1,225 shares of the bank’s stock worth $37,000 after purchasing an additional 786 shares during the last quarter. Ronald Blue Trust Inc. grew its holdings in shares of Washington Federal by 123.8% in the fourth quarter. Ronald Blue Trust Inc. now owns 1,611 shares of the bank’s stock valued at $48,000 after acquiring an additional 891 shares in the last quarter. US Bancorp DE grew its holdings in shares of Washington Federal by 16.0% in the third quarter. US Bancorp DE now owns 2,105 shares of the bank’s stock valued at $63,000 after acquiring an additional 290 shares in the last quarter. Allspring Global Investments Holdings LLC grew its holdings in shares of Washington Federal by 73.8% in the third quarter. Allspring Global Investments Holdings LLC now owns 2,417 shares of the bank’s stock valued at $72,000 after acquiring an additional 1,026 shares in the last quarter. Finally, Point72 Hong Kong Ltd bought a new position in shares of Washington Federal in the first quarter valued at approximately $82,000. 80.35% of the stock is owned by hedge funds and other institutional investors.
About Washington Federal
Washington Federal, Inc engages in the provision of lending, depository, insurance, and other banking services to consumers. It operates under the Commercial Loans and Consumer Loans segments. The Commercial Loans segment is disaggregated into five classes: multi-family, commercial real estate, commercial and industrial, construction, and land acquisition and development.
- Get a free copy of the StockNews.com research report on Washington Federal (WAFD)
- Monoclonal Antibodies? Avid Bioservices surges 32% on Blowout Q3
- GitLab Crashes On Guidance; Analysts Defend
- Healthcare Stocks With at Least 30 Years of Dividend Increases
- Coinbase Pops As SVB Crumbles To Dust
- Airlines Update Guidance, Shares Head For Different Destinations
Receive News & Ratings for Washington Federal Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Washington Federal and related companies with MarketBeat.com's FREE daily email newsletter.