Systematic Financial Management LP Trims Position in Washington Federal Inc. (NASDAQ:WAFD)

Systematic Financial Management LP trimmed its position in shares of Washington Federal Inc. (NASDAQ:WAFD) by 1.3% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 830,842 shares of the bank’s stock after selling 10,584 shares during the quarter. Washington Federal accounts for 1.4% of Systematic Financial Management LP’s portfolio, making the stock its 4th largest position. Systematic Financial Management LP’s holdings in Washington Federal were worth $30,733,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. Robeco Institutional Asset Management B.V. bought a new position in shares of Washington Federal during the third quarter worth $71,464,000. Janus Henderson Group PLC boosted its position in shares of Washington Federal by 37.8% during the second quarter. Janus Henderson Group PLC now owns 1,824,751 shares of the bank’s stock worth $63,739,000 after purchasing an additional 500,671 shares in the last quarter. JPMorgan Chase & Co. boosted its position in shares of Washington Federal by 8.6% during the second quarter. JPMorgan Chase & Co. now owns 1,441,939 shares of the bank’s stock worth $49,184,000 after purchasing an additional 114,725 shares in the last quarter. LSV Asset Management boosted its position in shares of Washington Federal by 3.6% during the second quarter. LSV Asset Management now owns 1,186,000 shares of the bank’s stock worth $41,426,000 after purchasing an additional 41,059 shares in the last quarter. Finally, First Trust Advisors LP boosted its position in shares of Washington Federal by 0.6% during the third quarter. First Trust Advisors LP now owns 1,146,569 shares of the bank’s stock worth $42,412,000 after purchasing an additional 6,333 shares in the last quarter. 86.65% of the stock is currently owned by institutional investors.

Shares of NASDAQ:WAFD traded up $0.04 during midday trading on Tuesday, reaching $36.84. 152,500 shares of the company were exchanged, compared to its average volume of 393,617. Washington Federal Inc. has a fifty-two week low of $24.67 and a fifty-two week high of $38.26. The company has a quick ratio of 1.03, a current ratio of 1.02 and a debt-to-equity ratio of 1.11. The stock has a fifty day simple moving average of $36.68 and a two-hundred day simple moving average of $34.92. The firm has a market cap of $2.93 billion, a PE ratio of 14.12 and a beta of 1.11.

Washington Federal (NASDAQ:WAFD) last issued its quarterly earnings data on Tuesday, October 15th. The bank reported $0.66 EPS for the quarter, topping analysts’ consensus estimates of $0.65 by $0.01. Washington Federal had a net margin of 28.65% and a return on equity of 10.47%. The business had revenue of $136.63 million for the quarter, compared to analyst estimates of $136.20 million. During the same period last year, the business posted $0.62 earnings per share. As a group, analysts forecast that Washington Federal Inc. will post 2.54 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 22nd. Investors of record on Friday, November 8th will be issued a dividend of $0.21 per share. The ex-dividend date of this dividend is Thursday, November 7th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.28%. Washington Federal’s payout ratio is 32.18%.

A number of equities analysts have recently weighed in on the stock. ValuEngine cut shares of Washington Federal from a “hold” rating to a “sell” rating in a research report on Wednesday, October 2nd. BidaskClub cut shares of Washington Federal from a “strong-buy” rating to a “buy” rating in a research report on Thursday, October 17th. One analyst has rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $34.00.

About Washington Federal

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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