Kennedy Capital Management Inc. lowered its holdings in Washington Federal, Inc. (NASDAQ:WAFD) by 2.7% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 200,078 shares of the bank’s stock after selling 5,591 shares during the quarter. Kennedy Capital Management Inc. owned about 0.23% of Washington Federal worth $6,643,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also added to or reduced their stakes in WAFD. Meadow Creek Investment Management LLC increased its holdings in shares of Washington Federal by 9.3% in the 1st quarter. Meadow Creek Investment Management LLC now owns 3,200 shares of the bank’s stock valued at $106,000 after acquiring an additional 272 shares during the last quarter. Creative Planning increased its holdings in shares of Washington Federal by 3.1% in 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 during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Washington Federal by 61.9% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,816 shares of the bank’s stock valued at $126,000 after acquiring an additional 1,459 shares during the last quarter. Neuburgh Advisers LLC increased its holdings in shares of Washington Federal by 9.3% in the 1st quarter. Neuburgh Advisers LLC now owns 4,400 shares of the bank’s stock valued at $146,000 after acquiring an additional 374 shares during the last quarter. Finally, Tyers Asset Management LLC increased its holdings in shares of Washington Federal by 9.3% in the 1st quarter. Tyers Asset Management LLC now owns 5,600 shares of the bank’s stock valued at $185,000 after acquiring an additional 476 shares during the last quarter. Institutional investors and hedge funds own 84.38% of the company’s stock.
In related news, Director Thomas J. Kelley sold 6,100 shares of the business’s stock in a transaction dated Wednesday, July 26th. The stock was sold at an average price of $33.72, for a total value of $205,692.00. Following the completion of the sale, the director now directly owns 21,185 shares of the company’s stock, valued at $714,358.20. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 1.28% of the stock is owned by insiders.
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A number of research firms have recently commented on WAFD. Zacks Investment Research upgraded Washington Federal from a “hold” rating to a “buy” rating and set a $39.00 price objective on the stock in a report on Monday, June 12th. BidaskClub upgraded Washington Federal from a “sell” rating to a “hold” rating in a report on Saturday, June 10th. Finally, Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $34.00 price objective on shares of Washington Federal in a report on Tuesday, July 25th. One research analyst has rated the stock with a sell rating and five have assigned a hold rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $33.50.
Shares of Washington Federal, Inc. (NASDAQ:WAFD) opened at 30.95 on Tuesday. The company has a 50 day moving average price of $32.18 and a 200-day moving average price of $32.93. The firm has a market capitalization of $2.74 billion, a PE ratio of 16.28 and a beta of 1.13. Washington Federal, Inc. has a 12 month low of $25.15 and a 12 month high of $35.95.
Washington Federal (NASDAQ:WAFD) last announced its quarterly earnings data on Tuesday, July 18th. The bank reported $0.49 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.47 by $0.02. The firm had revenue of $122.54 million during the quarter, compared to analyst estimates of $120.35 million. Washington Federal had a return on equity of 8.57% and a net margin of 29.06%. Equities research analysts expect that Washington Federal, Inc. will post $1.91 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, August 18th. Investors of record on Friday, August 4th were issued a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 1.94%. The ex-dividend date of this dividend was Wednesday, August 2nd. Washington Federal’s dividend payout ratio is currently 31.41%.
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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