Segall Bryant & Hamill LLC lifted its holdings in shares of Washington Federal Inc. (NASDAQ:WAFD) by 9.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 212,394 shares of the bank’s stock after acquiring an additional 19,103 shares during the period. Segall Bryant & Hamill LLC owned 0.25% of Washington Federal worth $7,274,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also made changes to their positions in the company. BlackRock Inc. grew its position in shares of Washington Federal by 1.9% during the fourth quarter. BlackRock Inc. now owns 9,869,149 shares of the bank’s stock worth $338,017,000 after acquiring an additional 186,518 shares during the last quarter. Goldman Sachs Group Inc. grew its position in shares of Washington Federal by 0.4% during the fourth quarter. Goldman Sachs Group Inc. now owns 2,069,760 shares of the bank’s stock worth $70,889,000 after acquiring an additional 9,161 shares during the last quarter. Ameriprise Financial Inc. grew its position in shares of Washington Federal by 5.9% during the third quarter. Ameriprise Financial Inc. now owns 925,738 shares of the bank’s stock worth $31,148,000 after acquiring an additional 51,233 shares during the last quarter. Clearbridge LLC grew its position in shares of Washington Federal by 10.0% during the fourth quarter. Clearbridge LLC now owns 774,117 shares of the bank’s stock worth $26,514,000 after acquiring an additional 70,290 shares during the last quarter. Finally, Teachers Advisors LLC grew its position in shares of Washington Federal by 0.4% during the fourth quarter. Teachers Advisors LLC now owns 708,833 shares of the bank’s stock worth $24,278,000 after acquiring an additional 2,851 shares during the last quarter. Institutional investors and hedge funds own 84.49% of the company’s stock.
WAFD stock opened at $35.70 on Wednesday. Washington Federal Inc. has a 1 year low of $29.80 and a 1 year high of $37.70. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.03 and a quick ratio of 1.03. The firm has a market cap of $3,077.86, a price-to-earnings ratio of 17.30, a P/E/G ratio of 1.47 and a beta of 1.13.
Washington Federal declared that its board has authorized a share repurchase plan on Wednesday, January 24th that permits the company to repurchase 5,000,000 outstanding shares. This repurchase authorization permits the bank to repurchase shares of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board of directors believes its stock is undervalued.
The company also recently disclosed a quarterly dividend, which was paid on Friday, February 23rd. Investors of record on Friday, February 9th were given a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 1.90%. This is a positive change from Washington Federal’s previous quarterly dividend of $0.15. The ex-dividend date was Thursday, February 8th. Washington Federal’s dividend payout ratio (DPR) is 32.85%.
A number of equities analysts have recently issued reports on WAFD shares. ValuEngine upgraded shares of Washington Federal from a “hold” rating to a “buy” rating in a research report on Wednesday, March 7th. Zacks Investment Research lowered shares of Washington Federal from a “strong-buy” rating to a “hold” rating in a research report on Tuesday. Keefe, Bruyette & Woods restated a “hold” rating and set a $38.00 target price on shares of Washington Federal in a research report on Thursday, January 18th. DA Davidson restated a “hold” rating and set a $39.00 target price on shares of Washington Federal in a research report on Thursday, January 18th. Finally, BidaskClub upgraded shares of Washington Federal from a “sell” rating to a “hold” rating in a research report on Tuesday, January 16th. Six research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Washington Federal presently has a consensus rating of “Hold” and an average price target of $37.40.
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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