American Century Companies Inc. lessened its holdings in shares of Washington Federal, Inc. (NASDAQ:WAFD) by 28.6% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 127,021 shares of the bank’s stock after selling 50,863 shares during the period. American Century Companies Inc. owned 0.14% of Washington Federal worth $4,217,000 as of its most recent SEC filing.
Several other hedge funds have also made changes to their positions in the company. Teacher Retirement System of Texas boosted its holdings in shares of Washington Federal by 0.7% during the 2nd quarter. Teacher Retirement System of Texas now owns 7,157 shares of the bank’s stock valued at $238,000 after buying an additional 48 shares in the last quarter. M Holdings Securities Inc. boosted its holdings in shares of Washington Federal by 0.6% during the 1st quarter. M Holdings Securities Inc. now owns 13,398 shares of the bank’s stock valued at $443,000 after buying an additional 82 shares in the last quarter. Creative Planning boosted its holdings in shares of 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 buying an additional 101 shares in the last quarter. Capstone Asset Management Co. boosted its holdings in shares of Washington Federal by 3.5% during the 1st quarter. Capstone Asset Management Co. now owns 8,056 shares of the bank’s stock valued at $267,000 after buying an additional 270 shares in the last quarter. Finally, Raymond James Financial Services Advisors Inc. boosted its holdings in shares of Washington Federal by 4.3% during the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 6,514 shares of the bank’s stock valued at $216,000 after buying an additional 271 shares in the last quarter. Hedge funds and other institutional investors own 84.38% of the company’s stock.
Washington Federal, Inc. (NASDAQ WAFD) opened at 30.30 on Monday. The stock has a market cap of $2.68 billion, a price-to-earnings ratio of 15.94 and a beta of 1.13. The stock has a 50 day moving average price of $32.22 and a 200 day moving average price of $32.97. Washington Federal, Inc. has a 52-week low of $25.15 and a 52-week high of $35.95.
Washington Federal (NASDAQ:WAFD) last released its quarterly earnings results on Tuesday, July 18th. The bank reported $0.49 EPS for the quarter, beating analysts’ consensus estimates of $0.47 by $0.02. Washington Federal had a return on equity of 8.57% and a net margin of 29.06%. The company had revenue of $122.54 million during the quarter, compared to analysts’ expectations of $120.35 million. Analysts expect that Washington Federal, Inc. will post $1.91 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Friday, August 18th. Shareholders of record on Friday, August 4th were paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 1.98%. The ex-dividend date of this dividend was Wednesday, August 2nd. Washington Federal’s dividend payout ratio (DPR) is presently 31.41%.
In other Washington Federal news, Director Thomas J. Kelley sold 6,100 shares of the 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 in the company, valued at $714,358.20. The transaction was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 1.28% of the company’s stock.
A number of analysts have recently commented on the stock. ValuEngine cut shares of Washington Federal from a “buy” rating to a “hold” rating in a report on Thursday. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $34.00 price target on shares of Washington Federal in a research report on Tuesday, July 25th. Zacks Investment Research lowered Washington Federal from a “buy” rating to a “hold” rating in a research report on Monday, September 4th. BidaskClub lowered Washington Federal from a “hold” rating to a “sell” rating in a research report on Tuesday, June 20th. Finally, Royal Bank Of Canada reaffirmed a “hold” rating and issued a $35.00 price target on shares of Washington Federal in a research report on Friday. One analyst has rated the stock with a sell rating and five have assigned a hold rating to the company. The company has a consensus rating of “Hold” and an average price target of $33.50.
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Washington Federal Company 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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