D.A. Davidson & CO. raised its holdings in Washington Federal Inc. (NASDAQ:WAFD) by 4.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 46,175 shares of the bank’s stock after acquiring an additional 2,115 shares during the period. D.A. Davidson & CO.’s holdings in Washington Federal were worth $1,478,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors have also bought and sold shares of the business. Systematic Financial Management LP boosted its position in shares of Washington Federal by 0.9% during the third quarter. Systematic Financial Management LP now owns 756,287 shares of the bank’s stock worth $24,201,000 after buying an additional 6,977 shares during the period. BlackRock Inc. boosted its position in shares of Washington Federal by 12.3% during the second quarter. BlackRock Inc. now owns 11,782,908 shares of the bank’s stock worth $385,301,000 after buying an additional 1,286,456 shares during the period. OppenheimerFunds Inc. acquired a new position in shares of Washington Federal during the second quarter worth about $203,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new position in shares of Washington Federal during the second quarter worth about $746,000. Finally, Aperio Group LLC boosted its position in shares of Washington Federal by 12.3% during the second quarter. Aperio Group LLC now owns 28,851 shares of the bank’s stock worth $943,000 after buying an additional 3,156 shares during the period. 85.31% of the stock is owned by hedge funds and other institutional investors.
WAFD stock opened at $28.81 on Friday. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 1.17. The stock has a market cap of $2.31 billion, a PE ratio of 12.00, a PEG ratio of 1.62 and a beta of 1.15. Washington Federal Inc. has a fifty-two week low of $26.66 and a fifty-two week high of $37.70.
The business also recently declared a quarterly dividend, which was paid on Friday, November 23rd. Investors of record on Friday, November 9th were given a dividend of $0.18 per share. The ex-dividend date of this dividend was Thursday, November 8th. This represents a $0.72 annualized dividend and a yield of 2.50%. Washington Federal’s dividend payout ratio (DPR) is presently 30.00%.
Several research firms have recently weighed in on WAFD. BidaskClub raised Washington Federal from a “hold” rating to a “buy” rating in a research report on Friday, August 17th. ValuEngine raised Washington Federal from a “sell” rating to a “hold” rating in a research report on Tuesday, August 14th. Zacks Investment Research raised Washington Federal from a “hold” rating to a “buy” rating and set a $37.00 price objective for the company in a research report on Tuesday, September 18th. Finally, TheStreet cut Washington Federal from a “b” rating to a “c+” rating in a research report on Monday, November 19th. Three research analysts have rated the stock with a sell rating and four have assigned a hold rating to the stock. Washington Federal presently has a consensus rating of “Hold” and an average price target of $36.20.
Washington Federal Company Profile
Washington Federal, Inc operates as the bank holding company for Washington Federal, National Association that provides lending, depository, insurance, and other banking services to consumers, mid-sized and large businesses, and owners and developers of commercial real estate in the United States. The company accepts deposit products, such as business and personal checking accounts, and term certificates of deposit, as well as money market accounts and passbook savings accounts.
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