Victory Capital Management Inc. acquired a new position in shares of Washington Federal, Inc. (NASDAQ:WAFD) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 7,698 shares of the bank’s stock, valued at approximately $259,000.
A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Teacher Retirement System of Texas increased its holdings in Washington Federal by 0.7% during the second quarter. Teacher Retirement System of Texas now owns 7,157 shares of the bank’s stock worth $238,000 after buying an additional 48 shares during the last quarter. Public Employees Retirement System of Ohio increased its holdings in Washington Federal by 1.1% during the second quarter. Public Employees Retirement System of Ohio now owns 5,522 shares of the bank’s stock worth $183,000 after buying an additional 62 shares during the last quarter. Creative Planning increased its holdings in Washington Federal by 3.1% during the second quarter. Creative Planning now owns 3,327 shares of the bank’s stock worth $110,000 after buying an additional 101 shares during the last quarter. Raymond James Financial Services Advisors Inc. increased its holdings in shares of Washington Federal by 1.9% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 6,641 shares of the bank’s stock valued at $220,000 after purchasing an additional 127 shares during the last quarter. Finally, Suntrust Banks Inc. increased its holdings in shares of Washington Federal by 1.7% in the second quarter. Suntrust Banks Inc. now owns 13,539 shares of the bank’s stock valued at $449,000 after purchasing an additional 220 shares during the last quarter. 83.39% of the stock is currently owned by hedge funds and other institutional investors.
Several equities analysts have commented on WAFD shares. Zacks Investment Research upgraded shares of Washington Federal from a “hold” rating to a “buy” rating and set a $35.00 price objective on the stock in a report on Friday, September 1st. ValuEngine upgraded shares of Washington Federal from a “hold” rating to a “buy” rating in a research note on Tuesday, September 26th. Royal Bank Of Canada restated a “hold” rating and issued a $36.00 price target on shares of Washington Federal in a research note on Friday, October 20th. Finally, Piper Jaffray Companies reaffirmed a “hold” rating and set a $34.00 price objective on shares of Washington Federal in a research report on Friday, October 6th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the stock. Washington Federal presently has an average rating of “Hold” and a consensus target price of $36.00.
Washington Federal (NASDAQ:WAFD) last released its quarterly earnings data on Wednesday, October 18th. The bank reported $0.52 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.49 by $0.03. The company had revenue of $128.69 million during the quarter, compared to the consensus estimate of $121.46 million. Washington Federal had a return on equity of 8.63% and a net margin of 28.87%. equities research analysts forecast that Washington Federal, Inc. will post 2.07 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Monday, November 20th. Shareholders of record on Monday, November 6th were given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 1.75%. The ex-dividend date was Friday, November 3rd. Washington Federal’s dividend payout ratio is presently 30.93%.
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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