Baird Financial Group Inc. grew its holdings in Washington Federal Inc. (NASDAQ:WAFD) by 0.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 534,298 shares of the bank’s stock after acquiring an additional 4,105 shares during the period. Baird Financial Group Inc. owned about 0.62% of Washington Federal worth $18,300,000 as of its most recent filing with the Securities & Exchange Commission.
Other large investors have also bought and sold shares of the company. Public Employees Retirement System of Ohio grew its stake in shares of 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 purchasing an additional 62 shares in the last quarter. Acadian Asset Management LLC acquired a new position in shares of Washington Federal during the fourth quarter worth $199,000. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Washington Federal by 42.7% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,877 shares of the bank’s stock worth $201,000 after purchasing an additional 1,760 shares in the last quarter. Raymond James Financial Services Advisors Inc. grew its stake in shares of Washington Federal by 1.9% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 6,641 shares of the bank’s stock worth $220,000 after purchasing an additional 127 shares in the last quarter. Finally, Adviser Investments LLC acquired a new position in shares of Washington Federal during the third quarter worth $222,000. Institutional investors and hedge funds own 81.96% of the company’s stock.
A number of equities analysts recently commented on WAFD shares. BidaskClub downgraded shares of Washington Federal from a “hold” rating to a “sell” rating in a research note on Wednesday, January 31st. ValuEngine downgraded shares of Washington Federal from a “buy” rating to a “hold” rating in a research note on Saturday, November 25th. DA Davidson reiterated a “hold” rating and set a $39.00 target price on shares of Washington Federal in a research note on Thursday, January 18th. Finally, Keefe, Bruyette & Woods reiterated a “hold” rating and set a $38.00 target price on shares of Washington Federal in a research note on Thursday, January 18th. Five analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $37.40.
Washington Federal (NASDAQ:WAFD) last announced its quarterly earnings results on Wednesday, January 17th. The bank reported $0.59 earnings per share for the quarter, beating analysts’ consensus estimates of $0.51 by $0.08. Washington Federal had a net margin of 30.20% and a return on equity of 9.14%. The firm had revenue of $122.53 million during the quarter, compared to analysts’ expectations of $124.98 million. equities analysts predict that Washington Federal Inc. will post 2.44 EPS for the current year.
Washington Federal announced that its Board of Directors has authorized a share repurchase plan on Wednesday, January 24th that authorizes the company to repurchase 5,000,000 shares. This repurchase authorization authorizes the bank to purchase shares of its stock through open market purchases. Shares repurchase plans are typically an indication that the company’s board of directors believes its shares are undervalued.
The business also recently declared a quarterly dividend, which will be paid on Friday, February 23rd. Investors of record on Friday, February 9th will be given a $0.17 dividend. The ex-dividend date is Thursday, February 8th. This is a boost from Washington Federal’s previous quarterly dividend of $0.15. This represents a $0.68 dividend on an annualized basis and a yield of 1.89%. Washington Federal’s payout ratio is 32.85%.
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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