Suntrust Banks Inc. raised its stake in Washington Federal, Inc. (NASDAQ:WAFD) by 1.7% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 13,539 shares of the bank’s stock after purchasing an additional 220 shares during the period. Suntrust Banks Inc.’s holdings in Washington Federal were worth $449,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Creative Planning increased its position in shares of Washington Federal by 3.1% in the 2nd quarter. Creative Planning now owns 3,327 shares of the bank’s stock worth $110,000 after purchasing an additional 101 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Washington Federal by 7.9% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,117 shares of the bank’s stock worth $137,000 after purchasing an additional 301 shares during the last quarter. OppenheimerFunds Inc. bought a new stake in shares of Washington Federal in the 1st quarter worth about $201,000. Capital One National Association bought a new stake in shares of Washington Federal in the 2nd quarter worth about $208,000. Finally, Raymond James Financial Services Advisors Inc. increased its position in shares of Washington Federal by 4.3% in the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 6,514 shares of the bank’s stock worth $216,000 after purchasing an additional 271 shares during the last quarter. 83.81% of the stock is owned by institutional investors.
Shares of Washington Federal, Inc. (NASDAQ:WAFD) opened at 34.55 on Wednesday. Washington Federal, Inc. has a 12 month low of $25.15 and a 12 month high of $35.95. The company’s 50 day moving average is $32.29 and its 200-day moving average is $32.89. The company has a market cap of $3.06 billion, a P/E ratio of 18.17 and a beta of 1.14.
Washington Federal (NASDAQ:WAFD) last released its quarterly earnings data on Tuesday, July 18th. The bank reported $0.49 EPS for the quarter, topping analysts’ consensus estimates of $0.47 by $0.02. The company had revenue of $122.54 million during the quarter, compared to the consensus estimate of $120.35 million. Washington Federal had a net margin of 29.06% and a return on equity of 8.57%. Analysts expect that Washington Federal, Inc. will post $1.91 EPS for the current fiscal year.
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Several equities research analysts have recently weighed in on WAFD shares. Zacks Investment Research raised shares of Washington Federal from a “hold” rating to a “buy” rating and set a $35.00 target price for the company in a research report on Friday, September 1st. ValuEngine raised shares of Washington Federal from a “hold” rating to a “buy” rating in a research report on Tuesday, September 26th. Piper Jaffray Companies reissued a “hold” rating and issued a $34.00 target price on shares of Washington Federal in a research report on Friday, October 6th. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $34.00 target price on shares of Washington Federal in a research report on Tuesday, July 25th. Finally, Royal Bank Of Canada reissued a “hold” rating and issued a $35.00 target price on shares of Washington Federal in a research report on Friday, September 8th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $34.50.
In other news, Director Thomas J. Kelley sold 6,100 shares of the firm’s stock in a transaction dated Wednesday, July 26th. The shares were sold at an average price of $33.72, for a total transaction of $205,692.00. Following the completion of the transaction, the director now directly owns 21,185 shares of the company’s stock, valued at approximately $714,358.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.28% of the stock is currently owned by company insiders.
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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