Ameriprise Financial Inc. raised its stake in shares of Washington Federal, Inc. (NASDAQ:WAFD) by 5.9% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 925,738 shares of the bank’s stock after buying an additional 51,233 shares during the quarter. Ameriprise Financial Inc. owned about 1.06% of Washington Federal worth $31,148,000 at the end of the most recent reporting period.
A number of other hedge funds also recently bought and sold shares of the business. FMR LLC grew its holdings in Washington Federal by 7.4% during the 2nd quarter. FMR LLC now owns 8,016,631 shares of the bank’s stock valued at $266,152,000 after buying an additional 549,742 shares in the last quarter. State Street Corp grew its holdings in shares of Washington Federal by 5.1% during the second quarter. State Street Corp now owns 3,804,883 shares of the bank’s stock worth $126,320,000 after purchasing an additional 185,062 shares in the last quarter. Northern Trust Corp grew its holdings in shares of Washington Federal by 12.8% during the second quarter. Northern Trust Corp now owns 3,039,627 shares of the bank’s stock worth $100,916,000 after purchasing an additional 343,912 shares in the last quarter. Goldman Sachs Group Inc. grew its holdings in shares of Washington Federal by 12.4% during the second quarter. Goldman Sachs Group Inc. now owns 1,971,317 shares of the bank’s stock worth $65,448,000 after purchasing an additional 217,136 shares in the last quarter. Finally, Frontier Capital Management Co. LLC grew its holdings in shares of Washington Federal by 2.2% during the third quarter. Frontier Capital Management Co. LLC now owns 1,958,375 shares of the bank’s stock worth $65,899,000 after purchasing an additional 41,724 shares in the last quarter. 83.39% of the stock is owned by institutional investors and hedge funds.
Several research analysts have recently commented on WAFD shares. Zacks Investment Research raised Washington Federal from a “hold” rating to a “buy” rating and set a $35.00 price objective for the company in a report on Friday, September 1st. ValuEngine raised Washington Federal from a “hold” rating to a “buy” rating in a report on Friday. Piper Jaffray Companies reissued a “hold” rating and set a $34.00 price objective on shares of Washington Federal in a report on Friday, October 6th. Finally, Royal Bank Of Canada reissued a “hold” rating and set a $36.00 price objective on shares of Washington Federal in a report on Friday, October 20th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company. Washington Federal presently has a consensus rating of “Hold” and a consensus target price of $36.00.
Washington Federal (NASDAQ:WAFD) last issued its earnings results on Wednesday, October 18th. The bank reported $0.52 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.49 by $0.03. The business had revenue of $128.69 million during the quarter, compared to analyst estimates of $121.46 million. Washington Federal had a return on equity of 8.63% and a net margin of 28.87%. research analysts forecast that Washington Federal, Inc. will post 2.07 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Monday, November 20th. Shareholders of record on Monday, November 6th were paid a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 1.70%. The ex-dividend date was Friday, November 3rd. Washington Federal’s dividend payout ratio is currently 30.93%.
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Washington Federal Company 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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