Washington Federal (NASDAQ:WAFD) released its quarterly earnings data on Monday. The bank reported $0.63 EPS for the quarter, beating the Zacks’ consensus estimate of $0.61 by $0.02, Fidelity Earnings reports. The company had revenue of $132.88 million during the quarter, compared to the consensus estimate of $133.44 million. Washington Federal had a net margin of 30.16% and a return on equity of 10.31%. During the same quarter in the prior year, the firm earned $0.57 EPS.
WAFD stock traded up $0.62 during mid-day trading on Wednesday, reaching $32.89. The company’s stock had a trading volume of 5,130 shares, compared to its average volume of 332,875. The company has a market cap of $2.48 billion, a P/E ratio of 13.56, a PEG ratio of 1.74 and a beta of 1.11. The company has a debt-to-equity ratio of 1.28, a quick ratio of 1.03 and a current ratio of 1.03. Washington Federal has a 12 month low of $24.67 and a 12 month high of $35.25.
Several research firms have issued reports on WAFD. Zacks Investment Research upgraded shares of Washington Federal from a “sell” rating to a “hold” rating in a research note on Wednesday, December 19th. BidaskClub upgraded Washington Federal from a “sell” rating to a “hold” rating in a research report on Tuesday, December 25th. Finally, TheStreet upgraded Washington Federal from a “c+” rating to a “b-” rating in a research report on Thursday, January 24th. Four analysts have rated the stock with a hold rating, The company currently has an average rating of “Hold” and an average price target of $36.00.
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 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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