Dean Investment Associates LLC decreased its position in Washington Federal Inc. (NASDAQ:WAFD) by 47.3% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 133,330 shares of the bank’s stock after selling 119,870 shares during the quarter. Dean Investment Associates LLC owned about 0.17% of Washington Federal worth $3,852,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors have also recently made changes to their positions in WAFD. BW Gestao de Investimentos Ltda. raised its stake in Washington Federal by 2.4% during the fourth quarter. BW Gestao de Investimentos Ltda. now owns 31,412 shares of the bank’s stock worth $839,000 after acquiring an additional 737 shares in the last quarter. Texas Permanent School Fund raised its stake in Washington Federal by 1.5% during the fourth quarter. Texas Permanent School Fund now owns 53,330 shares of the bank’s stock worth $1,424,000 after acquiring an additional 768 shares in the last quarter. Oregon Public Employees Retirement Fund raised its stake in Washington Federal by 2,571.0% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 932,873 shares of the bank’s stock worth $35,000 after acquiring an additional 897,947 shares in the last quarter. Dupont Capital Management Corp acquired a new position in Washington Federal during the fourth quarter worth $519,000. Finally, SG Americas Securities LLC acquired a new position in Washington Federal during the first quarter worth $344,000. 84.39% of the stock is owned by institutional investors and hedge funds.
NASDAQ:WAFD traded down $0.13 during mid-day trading on Friday, hitting $33.08. The company had a trading volume of 183,669 shares, compared to its average volume of 391,203. Washington Federal Inc. has a fifty-two week low of $24.67 and a fifty-two week high of $35.25. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 1.30. The firm has a market capitalization of $2.67 billion, a price-to-earnings ratio of 13.78, a PEG ratio of 1.85 and a beta of 1.14.
Washington Federal (NASDAQ:WAFD) last released its earnings results on Monday, April 15th. The bank reported $0.63 earnings per share for the quarter, beating the consensus estimate of $0.61 by $0.02. Washington Federal had a return on equity of 10.39% and a net margin of 29.61%. The firm had revenue of $132.88 million for the quarter, compared to analyst estimates of $133.44 million. During the same quarter in the prior year, the firm posted $0.57 earnings per share. Sell-side analysts predict that Washington Federal Inc. will post 2.56 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Friday, May 24th. Shareholders of record on Friday, May 10th were paid a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 2.42%. The ex-dividend date was Thursday, May 9th. Washington Federal’s payout ratio is 33.33%.
WAFD has been the topic of several research analyst reports. Zacks Investment Research cut Washington Federal from a “hold” rating to a “sell” rating in a report on Monday, February 18th. BidaskClub cut Washington Federal from a “buy” rating to a “hold” rating in a report on Thursday, March 14th. Finally, ValuEngine upgraded Washington Federal from a “sell” rating to a “hold” rating in a report on Tuesday, April 16th. Three equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $36.00.
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Washington Federal Profile
Washington Federal, Inc operates as the bank holding company for Washington Federal, National Association that provides lending, depository, insurance, and other banking services in the United States. The company accepts deposit products, including business and personal checking accounts, and term certificates of deposit, as well as money market accounts and passbook savings accounts.
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