Separately, ValuEngine cut shares of Washington Federal from a “hold” rating to a “sell” rating in a research note on Wednesday, October 2nd. Two research analysts have rated the stock with a sell rating and two have given a hold rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $34.00.
WAFD traded up $0.37 on Tuesday, reaching $36.08. The company had a trading volume of 10,833 shares, compared to its average volume of 319,449. The business has a 50 day simple moving average of $36.66 and a 200 day simple moving average of $36.18. The company has a market cap of $2.80 billion, a price-to-earnings ratio of 13.79 and a beta of 1.10. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.02 and a current ratio of 1.02. Washington Federal has a 52-week low of $27.82 and a 52-week high of $38.26.
A number of hedge funds have recently added to or reduced their stakes in WAFD. Perkins Coie Trust Co purchased a new stake in shares of Washington Federal in the 3rd quarter valued at $143,000. Atria Investments LLC bought a new stake in Washington Federal during the 2nd quarter valued at $144,000. Meeder Asset Management Inc. bought a new stake in Washington Federal during the 3rd quarter valued at $147,000. Cetera Advisor Networks LLC bought a new stake in Washington Federal during the 3rd quarter valued at $201,000. Finally, Keybank National Association OH bought a new stake in Washington Federal during the 3rd quarter valued at $223,000. 85.27% of the stock is owned by institutional investors and hedge funds.
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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