Rhumbline Advisers Has $6.30 Million Stock Position in Washington Federal, Inc. (NASDAQ:WAFD)

Rhumbline Advisers lowered its holdings in shares of Washington Federal, Inc. (NASDAQ:WAFD) by 8.9% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 209,264 shares of the bank’s stock after selling 20,396 shares during the period. Rhumbline Advisers owned approximately 0.32% of Washington Federal worth $6,303,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the business. Mitsubishi UFJ Trust & Banking Corp grew its stake in Washington Federal by 1.1% during the fourth quarter. Mitsubishi UFJ Trust & Banking Corp now owns 31,978 shares of the bank’s stock worth $1,073,000 after purchasing an additional 356 shares during the period. IFP Advisors Inc grew its stake in Washington Federal by 56.5% during the first quarter. IFP Advisors Inc now owns 992 shares of the bank’s stock worth $32,000 after purchasing an additional 358 shares during the period. CWM LLC grew its stake in Washington Federal by 1.0% during the first quarter. CWM LLC now owns 39,260 shares of the bank’s stock worth $1,183,000 after purchasing an additional 391 shares during the period. LPL Financial LLC grew its stake in Washington Federal by 0.5% during the fourth quarter. LPL Financial LLC now owns 80,037 shares of the bank’s stock worth $2,685,000 after purchasing an additional 425 shares during the period. Finally, State of Wyoming grew its stake in Washington Federal by 10.5% during the fourth quarter. State of Wyoming now owns 5,084 shares of the bank’s stock worth $171,000 after purchasing an additional 484 shares during the period. Institutional investors and hedge funds own 86.36% of the company’s stock.

Washington Federal Stock Down 2.8 %

Shares of NASDAQ:WAFD opened at $26.47 on Thursday. The business’s 50 day simple moving average is $28.57 and its two-hundred day simple moving average is $29.08. The firm has a market cap of $1.71 billion, a P/E ratio of 6.50 and a beta of 0.85. The company has a debt-to-equity ratio of 1.79, a quick ratio of 1.14 and a current ratio of 1.14. Washington Federal, Inc. has a 52-week low of $23.90 and a 52-week high of $39.17.

Washington Federal (NASDAQ:WAFD) last announced its quarterly earnings results on Friday, July 14th. The bank reported $0.89 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.94 by ($0.05). The firm had revenue of $286.25 million during the quarter, compared to the consensus estimate of $187.43 million. Washington Federal had a return on equity of 13.74% and a net margin of 27.74%. During the same quarter in the previous year, the company posted $0.91 EPS. As a group, research analysts forecast that Washington Federal, Inc. will post 3.91 EPS for the current fiscal year.

Washington Federal Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 8th. Stockholders of record on Friday, August 25th will be issued a $0.25 dividend. The ex-dividend date of this dividend is Thursday, August 24th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.78%. Washington Federal’s dividend payout ratio is presently 24.57%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut Washington Federal from a “hold” rating to a “sell” rating in a research note on Tuesday.

Washington Federal Company Profile

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.