Chevy Chase Trust Holdings Inc. lessened its holdings in shares of Washington Federal, Inc. (NASDAQ:WAFD) by 27.4% in the third quarter, according to its most recent filing with the SEC. The firm owned 741,104 shares of the bank’s stock after selling 280,169 shares during the period. Chevy Chase Trust Holdings Inc. owned 0.85% of Washington Federal worth $24,938,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in WAFD. Creative Planning grew its holdings in Washington Federal by 3.1% during the 2nd quarter. Creative Planning now owns 3,327 shares of the bank’s stock worth $110,000 after acquiring an additional 101 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Washington Federal by 7.9% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,117 shares of the bank’s stock worth $137,000 after acquiring an additional 301 shares during the period. Public Employees Retirement System of Ohio grew its holdings in Washington Federal by 1.1% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 5,522 shares of the bank’s stock worth $183,000 after acquiring an additional 62 shares during the period. Koch Industries Inc. acquired a new stake in Washington Federal during the 2nd quarter worth $213,000. Finally, Raymond James Financial Services Advisors Inc. grew its holdings in Washington Federal by 1.9% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 6,641 shares of the bank’s stock worth $220,000 after acquiring an additional 127 shares during the period. 83.39% of the stock is owned by hedge funds and other institutional investors.
WAFD has been the subject of a number of analyst reports. Zacks Investment Research raised shares of Washington Federal from a “hold” rating to a “buy” rating and set a $40.00 target price for the company in a report on Monday, October 23rd. Royal Bank Of Canada reissued a “hold” rating and issued a $36.00 price target on shares of Washington Federal in a report on Friday, October 20th. ValuEngine lowered shares of Washington Federal from a “buy” rating to a “hold” rating in a report on Saturday, November 25th. Finally, Piper Jaffray Companies reissued a “hold” rating and issued a $34.00 price target on shares of Washington Federal in a report on Friday, October 6th. One research analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $36.00.
Washington Federal, Inc. (WAFD) opened at $34.35 on Friday. Washington Federal, Inc. has a fifty-two week low of $29.80 and a fifty-two week high of $35.95. The stock has a market cap of $2,993.26, a price-to-earnings ratio of 17.76, a PEG ratio of 1.67 and a beta of 1.14. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.02 and a quick ratio of 1.02.
Washington Federal (NASDAQ:WAFD) last announced its quarterly earnings results on Wednesday, October 18th. The bank reported $0.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.49 by $0.03. Washington Federal had a net margin of 28.87% and a return on equity of 8.63%. The company had revenue of $128.69 million during the quarter, compared to analyst estimates of $121.46 million. sell-side analysts expect that Washington Federal, Inc. will post 2.07 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Monday, November 20th. Stockholders of record on Monday, November 6th were issued a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 1.75%. The ex-dividend date was Friday, November 3rd. Washington Federal’s dividend payout ratio (DPR) is 30.93%.
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Washington Federal 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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