Washington Federal, Inc. (NASDAQ:WAFD) declared a quarterly dividend on Tuesday, July 25th, Wall Street Journal reports. Investors of record on Friday, August 4th will be paid a dividend of 0.15 per share by the bank on Friday, August 18th. This represents a $0.60 dividend on an annualized basis and a yield of 1.85%. The ex-dividend date of this dividend is Wednesday, August 2nd.
Shares of Washington Federal (NASDAQ WAFD) traded down 2.47% on Friday, reaching $31.65. 260,198 shares of the company traded hands. Washington Federal has a one year low of $25.08 and a one year high of $35.95. The company has a market capitalization of $2.80 billion, a P/E ratio of 16.65 and a beta of 1.12. The firm’s 50 day moving average is $33.26 and its 200 day moving average is $33.27.
Washington Federal (NASDAQ:WAFD) last released its earnings results on Tuesday, July 18th. The bank reported $0.49 EPS for the quarter, beating analysts’ consensus estimates of $0.47 by $0.02. Washington Federal had a return on equity of 8.57% and a net margin of 29.06%. The firm had revenue of $122.54 million for the quarter, compared to analysts’ expectations of $120.35 million. Analysts expect that Washington Federal will post $1.91 earnings per share for the current fiscal year.
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Several research analysts recently issued reports on WAFD shares. Zacks Investment Research raised Washington Federal from a “hold” rating to a “buy” rating and set a $36.00 price objective on the stock in a research note on Monday, June 5th. BidaskClub cut Washington Federal from a “hold” rating to a “sell” rating in a research note on Tuesday, June 20th. Piper Jaffray Companies reissued a “neutral” rating and issued a $30.00 price objective (down previously from $32.00) on shares of Washington Federal in a research note on Monday, April 17th. Finally, Keefe, Bruyette & Woods reissued a “hold” rating and issued a $34.00 price objective on shares of Washington Federal in a research note on Wednesday, May 24th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $34.00.
In other Washington Federal news, Director Thomas J. Kelley sold 6,100 shares of the company’s stock in a transaction on Wednesday, July 26th. The stock was sold at an average price of $33.72, for a total transaction of $205,692.00. Following the completion of the sale, the director now owns 21,185 shares in the company, valued at $714,358.20. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Anna C. Johnson sold 4,200 shares of the stock in a transaction on Friday, May 26th. The shares were sold at an average price of $32.25, for a total value of $135,450.00. Following the sale, the director now owns 28,590 shares of the company’s stock, valued at approximately $922,027.50. The disclosure for this sale can be found here. 1.28% of the stock is owned by corporate insiders.
About Washington Federal
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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