News coverage about Washington Federal (NASDAQ:WAFD) has been trending somewhat positive on Saturday, according to Accern Sentiment. The research group identifies positive and negative media coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Washington Federal earned a coverage optimism score of 0.19 on Accern’s scale. Accern also assigned media stories about the bank an impact score of 47.3035877419016 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
Here are some of the news articles that may have effected Accern Sentiment’s rankings:
- Washington Federal, Inc. breached its 50 day moving average in a Bearish Manner : WAFD-US : July 31, 2017 (finance.yahoo.com)
- Washington Federal, Inc. :WAFD-US: Earnings Analysis: Q3, 2017 By the Numbers : July 31, 2017 (finance.yahoo.com)
- Washington Federal, Inc. (WAFD) Downgraded by BidaskClub (americanbankingnews.com)
- Washington Federal, Inc. (NASDAQ:WAFD) Sees Unusual Trading Volume in Its Shares (highlightpress.com)
Shares of Washington Federal (NASDAQ WAFD) traded up 0.91% on Friday, hitting $33.30. The stock had a trading volume of 358,234 shares. Washington Federal has a 12 month low of $24.37 and a 12 month high of $35.95. The stock has a market cap of $2.94 billion, a PE ratio of 17.52 and a beta of 1.12. The company has a 50 day moving average price of $33.39 and a 200-day moving average price of $33.27.
Washington Federal (NASDAQ:WAFD) last announced its earnings results on Tuesday, July 18th. The bank reported $0.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.47 by $0.02. The firm had revenue of $122.54 million for the quarter, compared to analysts’ expectations of $120.35 million. Washington Federal had a net margin of 29.06% and a return on equity of 8.57%. On average, equities research analysts anticipate that Washington Federal will post $1.91 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, August 18th. Stockholders of record on Friday, August 4th will be given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 1.80%. The ex-dividend date of this dividend is Wednesday, August 2nd. Washington Federal’s dividend payout ratio is 31.41%.
WAFD has been the topic of a number of research reports. Piper Jaffray Companies restated a “neutral” rating and set a $30.00 price target (down previously from $32.00) on shares of Washington Federal in a research report on Monday, April 17th. Keefe, Bruyette & Woods restated a “hold” rating and set a $34.00 price target on shares of Washington Federal in a research report on Wednesday, May 24th. Zacks Investment Research cut Washington Federal from a “buy” rating to a “hold” rating in a research note on Friday, May 26th. Finally, BidaskClub raised Washington Federal from a “sell” rating to a “hold” rating in a research note on Saturday, June 10th. One research analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $34.00.
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In related news, Director Thomas J. Kelley sold 6,100 shares of the stock in a transaction dated Wednesday, July 26th. The shares were sold at an average price of $33.72, for a total value of $205,692.00. Following the sale, the director now directly owns 21,185 shares of the company’s stock, valued at approximately $714,358.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Anna C. Johnson sold 4,200 shares of the stock in a transaction dated Friday, May 26th. The stock was sold at an average price of $32.25, for a total transaction of $135,450.00. Following the completion of the sale, the director now directly owns 28,590 shares in the company, valued at $922,027.50. The disclosure for this sale can be found here. 1.28% of the stock is currently owned by corporate insiders.
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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