DekaBank Deutsche Girozentrale Invests $816,000 in Washington Federal Inc. (NASDAQ:WAFD)

DekaBank Deutsche Girozentrale bought a new position in shares of Washington Federal Inc. (NASDAQ:WAFD) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 23,900 shares of the bank’s stock, valued at approximately $816,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Toronto Dominion Bank purchased a new position in Washington Federal during the fourth quarter worth about $27,000. Oregon Public Employees Retirement Fund lifted its stake in shares of Washington Federal by 2,571.0% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 932,873 shares of the bank’s stock valued at $35,000 after acquiring an additional 897,947 shares during the last quarter. Stevens First Principles Investment Advisors raised its position in Washington Federal by 32.5% during the 1st quarter. Stevens First Principles Investment Advisors now owns 2,855 shares of the bank’s stock valued at $82,000 after purchasing an additional 700 shares during the last quarter. ETF Managers Group LLC raised its position in Washington Federal by 19.4% during the 4th quarter. ETF Managers Group LLC now owns 3,885 shares of the bank’s stock valued at $104,000 after purchasing an additional 630 shares during the last quarter. Finally, Advisor Group Inc. grew its holdings in shares of Washington Federal by 21.4% during the 4th quarter. Advisor Group Inc. now owns 5,598 shares of the bank’s stock worth $150,000 after acquiring an additional 988 shares during the period. Institutional investors own 84.39% of the company’s stock.

NASDAQ:WAFD opened at $32.94 on Wednesday. Washington Federal Inc. has a one year low of $24.67 and a one year high of $35.25. The company has a debt-to-equity ratio of 1.30, a quick ratio of 1.04 and a current ratio of 1.04. The firm has a market capitalization of $2.63 billion, a price-to-earnings ratio of 13.73, a price-to-earnings-growth ratio of 1.83 and a beta of 1.13.

Washington Federal (NASDAQ:WAFD) last released its quarterly earnings data on Monday, April 15th. The bank reported $0.63 EPS for the quarter, beating the Zacks’ consensus estimate of $0.61 by $0.02. Washington Federal had a net margin of 29.61% and a return on equity of 10.39%. The company had revenue of $132.88 million during the quarter, compared to the consensus estimate of $133.44 million. During the same quarter in the prior year, the firm earned $0.57 EPS. Sell-side analysts anticipate that Washington Federal Inc. will post 2.56 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Friday, May 24th. Shareholders of record on Friday, May 10th were issued a dividend of $0.20 per share. The ex-dividend date was Thursday, May 9th. This represents a $0.80 dividend on an annualized basis and a yield of 2.43%. Washington Federal’s dividend payout ratio (DPR) is presently 33.33%.

Several analysts have commented on WAFD shares. BidaskClub upgraded Washington Federal from a “hold” rating to a “buy” rating in a research note on Friday, April 19th. Zacks Investment Research raised Washington Federal from a “sell” rating to a “hold” rating in a report on Monday, March 4th. Finally, ValuEngine upgraded Washington Federal from a “sell” rating to a “hold” rating in a research report on Tuesday, April 16th. Three research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Washington Federal presently has a consensus rating of “Hold” and an average price target of $36.00.

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Washington Federal Profile

Washington Federal, Inc operates as the bank holding company for Washington Federal, National Association that provides lending, depository, insurance, and other banking services in the United States. The company accepts deposit products, including business and personal checking accounts, and term certificates of deposit, as well as money market accounts and passbook savings accounts.

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

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