Washington Federal’s (WAFD) “Hold” Rating Reaffirmed at Keefe, Bruyette & Woods

Keefe, Bruyette & Woods reiterated their hold rating on shares of Washington Federal (NASDAQ:WAFD) in a research note published on Thursday. The brokerage currently has a $38.00 target price on the bank’s stock.

WAFD has been the topic of a number of other reports. BidaskClub raised shares of Washington Federal from a sell rating to a hold rating in a research note on Tuesday, January 16th. Zacks Investment Research raised shares of Washington Federal from a hold rating to a buy rating and set a $40.00 price objective on the stock in a research note on Monday, October 23rd. ValuEngine raised shares of Washington Federal from a hold rating to a buy rating in a research note on Sunday, December 31st. Royal Bank of Canada reissued a hold rating and issued a $36.00 price objective on shares of Washington Federal in a research note on Friday, October 20th. Finally, DA Davidson reissued a hold rating and issued a $39.00 price objective on shares of Washington Federal in a research note on Thursday. Five analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Washington Federal currently has an average rating of Hold and a consensus target price of $37.40.

Shares of Washington Federal (WAFD) traded up $0.50 during midday trading on Thursday, reaching $37.15. 462,587 shares of the company were exchanged, compared to its average volume of 325,494. The firm has a market cap of $3,208.39, a PE ratio of 17.95, a price-to-earnings-growth ratio of 1.73 and a beta of 1.15. Washington Federal has a 12-month low of $29.80 and a 12-month high of $37.30. The company has a debt-to-equity ratio of 1.20, a quick ratio of 1.02 and a current ratio of 1.03.

Washington Federal (NASDAQ:WAFD) last issued its quarterly earnings data on Wednesday, January 17th. The bank reported $0.59 EPS for the quarter, beating the Zacks’ consensus estimate of $0.51 by $0.08. The firm had revenue of $122.53 million for the quarter, compared to analysts’ expectations of $124.98 million. Washington Federal had a net margin of 30.20% and a return on equity of 9.14%. analysts predict that Washington Federal will post 2.33 earnings per share for the current year.

Large investors have recently added to or reduced their stakes in the business. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Washington Federal by 7.9% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,117 shares of the bank’s stock valued at $137,000 after purchasing an additional 301 shares in the last quarter. Public Employees Retirement System of Ohio lifted its holdings in Washington Federal by 1.1% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 5,522 shares of the bank’s stock valued at $183,000 after purchasing an additional 62 shares in the last quarter. Acadian Asset Management LLC purchased a new position in Washington Federal in the 4th quarter valued at about $199,000. Koch Industries Inc. purchased a new position in Washington Federal in the 2nd quarter valued at about $213,000. Finally, Raymond James Financial Services Advisors Inc. lifted its holdings in Washington Federal by 1.9% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 6,641 shares of the bank’s stock valued at $220,000 after purchasing an additional 127 shares in the last quarter. Institutional investors own 83.23% of the company’s stock.

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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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