Boston Partners increased its stake in Washington Federal, Inc. (NASDAQ:WAFD) by 4.7% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 863,314 shares of the bank’s stock after purchasing an additional 38,999 shares during the period. Boston Partners owned 0.98% of Washington Federal worth $29,050,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds also recently added to or reduced their stakes in the stock. FMR LLC boosted its stake in Washington Federal by 7.4% in the 2nd quarter. FMR LLC now owns 8,016,631 shares of the bank’s stock worth $266,152,000 after purchasing an additional 549,742 shares in the last quarter. State Street Corp boosted its stake in Washington Federal by 5.1% in the 2nd quarter. State Street Corp now owns 3,804,883 shares of the bank’s stock worth $126,320,000 after purchasing an additional 185,062 shares in the last quarter. Northern Trust Corp boosted its stake in Washington Federal by 12.8% in the 2nd quarter. Northern Trust Corp now owns 3,039,627 shares of the bank’s stock worth $100,916,000 after purchasing an additional 343,912 shares in the last quarter. Goldman Sachs Group Inc. boosted its stake in Washington Federal by 12.4% in the 2nd quarter. Goldman Sachs Group Inc. now owns 1,971,317 shares of the bank’s stock worth $65,448,000 after purchasing an additional 217,136 shares in the last quarter. Finally, Frontier Capital Management Co. LLC boosted its stake in Washington Federal by 2.2% in the 3rd quarter. Frontier Capital Management Co. LLC now owns 1,958,375 shares of the bank’s stock worth $65,899,000 after purchasing an additional 41,724 shares in the last quarter. Institutional investors own 84.78% of the company’s stock.
A number of analysts recently commented on the stock. Zacks Investment Research upgraded shares of Washington Federal from a “hold” rating to a “buy” rating and set a $37.00 target price for the company in a research note on Friday, July 21st. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $34.00 target price on shares of Washington Federal in a research note on Tuesday, July 25th. Royal Bank Of Canada reiterated a “hold” rating and issued a $35.00 target price on shares of Washington Federal in a research note on Friday, September 8th. Piper Jaffray Companies reiterated a “hold” rating and issued a $34.00 target price on shares of Washington Federal in a research note on Friday, October 6th. Finally, ValuEngine upgraded shares of Washington Federal from a “hold” rating to a “buy” rating in a research note on Tuesday, September 26th. One research analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company’s stock. Washington Federal currently has an average rating of “Hold” and an average price target of $36.00.
Shares of Washington Federal, Inc. (WAFD) opened at $33.45 on Monday. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.03 and a current ratio of 1.02. Washington Federal, Inc. has a 12 month low of $29.55 and a 12 month high of $35.95. The company has a market cap of $2,916.62, a P/E ratio of 17.24, a price-to-earnings-growth ratio of 1.62 and a beta of 1.16.
Washington Federal (NASDAQ:WAFD) last announced its quarterly earnings data on Wednesday, October 18th. The bank reported $0.52 EPS for the quarter, beating the consensus estimate of $0.49 by $0.03. Washington Federal had a net margin of 28.87% and a return on equity of 8.63%. The business had revenue of $128.69 million during the quarter, compared to analysts’ expectations of $121.46 million. equities research analysts predict that Washington Federal, Inc. will post 2.07 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, November 20th. Shareholders of record on Monday, November 6th will be paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 1.79%. The ex-dividend date of this dividend is Friday, November 3rd. Washington Federal’s payout ratio is 30.93%.
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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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