Nordea Investment Management AB Boosts Position in Washington Federal, Inc. (WAFD)

Nordea Investment Management AB boosted its holdings in Washington Federal, Inc. (NASDAQ:WAFD) by 16.2% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 67,143 shares of the bank’s stock after purchasing an additional 9,337 shares during the quarter. Nordea Investment Management AB owned about 0.08% of Washington Federal worth $2,259,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Creative Planning lifted its stake in Washington Federal by 3.1% during the 2nd quarter. Creative Planning now owns 3,327 shares of the bank’s stock valued at $110,000 after acquiring an additional 101 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Washington Federal by 7.9% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,117 shares of the bank’s stock valued at $137,000 after acquiring an additional 301 shares in the last quarter. Public Employees Retirement System of Ohio lifted its stake 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 valued at $183,000 after acquiring an additional 62 shares in the last quarter. Koch Industries Inc. bought a new position in Washington Federal during the 2nd quarter valued at $213,000. Finally, Raymond James Financial Services Advisors Inc. lifted its stake 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 valued at $220,000 after acquiring an additional 127 shares in the last quarter. 83.39% of the stock is owned by institutional investors and hedge funds.

Shares of Washington Federal, Inc. (NASDAQ:WAFD) opened at $34.35 on Wednesday. Washington Federal, Inc. has a twelve month low of $29.80 and a twelve month high of $35.95. The firm has a market capitalization of $2,980.00, a PE ratio of 18.01, a P/E/G ratio of 1.69 and a beta of 1.14. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 1.11.

Washington Federal (NASDAQ:WAFD) last announced its quarterly earnings data on Wednesday, October 18th. The bank reported $0.52 earnings per share for the quarter, topping the consensus estimate of $0.49 by $0.03. Washington Federal had a return on equity of 8.63% and a net margin of 28.87%. The company had revenue of $128.69 million during the quarter, compared to analyst estimates of $121.46 million. analysts forecast that Washington Federal, Inc. will post 2.07 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Monday, November 20th. Investors of record on Monday, November 6th were issued a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 1.75%. The ex-dividend date of this dividend was Friday, November 3rd. Washington Federal’s dividend payout ratio (DPR) is currently 30.77%.

Several equities analysts have weighed in on the company. ValuEngine upgraded Washington Federal from a “hold” rating to a “buy” rating in a research note on Friday, December 1st. Zacks Investment Research cut Washington Federal from a “buy” rating to a “hold” rating in a research note on Monday, September 18th. Piper Jaffray Companies reiterated a “hold” rating and set a $34.00 target price on shares of Washington Federal in a research note on Friday, October 6th. Finally, Royal Bank Of Canada reiterated a “hold” rating and set a $36.00 target price on shares of Washington Federal in a research note on Friday, October 20th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $36.00.

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About Washington Federal

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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Institutional Ownership by Quarter for Washington Federal (NASDAQ:WAFD)

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