Mark Alan Schoonover Sells 18,500 Shares of Washington Federal Inc. (WAFD) Stock
Washington Federal Inc. (NASDAQ:WAFD) insider Mark Alan Schoonover sold 18,500 shares of the company’s stock in a transaction that occurred on Thursday, November 10th. The stock was sold at an average price of $29.75, for a total transaction of $550,375.00. Following the completion of the sale, the insider now directly owns 132,243 shares of the company’s stock, valued at approximately $3,934,229.25. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.
Shares of Washington Federal Inc. (NASDAQ:WAFD) opened at 31.05 on Wednesday. Washington Federal Inc. has a 12 month low of $19.10 and a 12 month high of $31.45. The stock has a market cap of $2.78 billion, a PE ratio of 17.44 and a beta of 1.07. The stock has a 50 day moving average of $27.42 and a 200 day moving average of $25.68.
The company also recently announced a quarterly dividend, which will be paid on Friday, November 18th. Shareholders of record on Friday, November 4th will be paid a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a yield of 1.80%. The ex-dividend date of this dividend is Wednesday, November 2nd. Washington Federal’s dividend payout ratio (DPR) is presently 31.28%.
A number of institutional investors have recently modified their holdings of WAFD. Foundry Partners LLC purchased a new position in shares of Washington Federal during the second quarter worth approximately $12,336,000. Chevy Chase Trust Holdings Inc. increased its position in shares of Washington Federal by 18.5% in the second quarter. Chevy Chase Trust Holdings Inc. now owns 1,273,797 shares of the company’s stock worth $30,903,000 after buying an additional 199,102 shares during the period. BNP Paribas Arbitrage SA increased its position in shares of Washington Federal by 66,176.1% in the second quarter. BNP Paribas Arbitrage SA now owns 47,056 shares of the company’s stock worth $1,142,000 after buying an additional 46,985 shares during the period. Panagora Asset Management Inc. increased its position in shares of Washington Federal by 28.7% in the first quarter. Panagora Asset Management Inc. now owns 326,047 shares of the company’s stock worth $7,385,000 after buying an additional 72,727 shares during the period. Finally, Metropolitan Life Insurance Co. NY increased its position in shares of Washington Federal by 3.7% in the first quarter. Metropolitan Life Insurance Co. NY now owns 149,590 shares of the company’s stock worth $3,388,000 after buying an additional 5,330 shares during the period. 83.03% of the stock is currently owned by institutional investors.
Separately, Zacks Investment Research cut shares of Washington Federal from a “buy” rating to a “hold” rating in a research report on Thursday, August 4th.
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 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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