Washington Federal Inc. (WAFD) Releases Earnings Results, Beats Expectations By $0.05 EPS
Washington Federal Inc. (NASDAQ:WAFD) announced its quarterly earnings results on Wednesday. The company reported $0.49 earnings per share for the quarter, beating analysts’ consensus estimates of $0.44 by $0.05. Washington Federal had a net margin of 27.76% and a return on equity of 8.49%.
Washington Federal (NASDAQ:WAFD) opened at 26.68 on Wednesday. Washington Federal has a 1-year low of $19.11 and a 1-year high of $27.20. The company has a market capitalization of $2.41 billion, a PE ratio of 15.24 and a beta of 1.02. The company has a 50 day moving average of $26.57 and a 200 day moving average of $25.02.
A number of institutional investors have recently modified their holdings of WAFD. Advisor Group Inc. purchased a new position in shares of Washington Federal during the second quarter worth $134,000. C M Bidwell & Associates Ltd. purchased a new position in shares of Washington Federal during the second quarter worth $168,000. Jefferies Group LLC purchased a new position in shares of Washington Federal during the second quarter worth $206,000. KCG Holdings Inc. purchased a new position in shares of Washington Federal during the second quarter worth $374,000. Finally, Profund Advisors LLC raised its position in shares of Washington Federal by 7.9% in the second quarter. Profund Advisors LLC now owns 16,433 shares of the company’s stock worth $399,000 after buying an additional 1,201 shares during the last quarter. 83.15% of the stock is currently owned by hedge funds and other institutional investors.
Separately, Zacks Investment Research upgraded shares of Washington Federal from a “hold” rating to a “buy” rating and set a $28.00 target price on the stock in a report on Monday, July 18th.
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 Company’s principal activities consists of taking deposits from the 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 and other income producing properties, home equity loans and business loans.
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