Roy M. Whitehead Sells 50,000 Shares of Washington Federal Inc. (WAFD) Stock
Washington Federal Inc. (NASDAQ:WAFD) CEO Roy M. Whitehead sold 50,000 shares of the firm’s stock in a transaction on Thursday, November 10th. The stock was sold at an average price of $29.57, for a total value of $1,478,500.00. Following the sale, the chief executive officer now directly owns 387,860 shares in the company, valued at approximately $11,469,020.20. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.
Shares of Washington Federal Inc. (NASDAQ:WAFD) opened at 31.05 on Wednesday. Washington Federal Inc. has a 1-year low of $19.10 and a 1-year high of $31.45. The firm has a market cap of $2.78 billion, a P/E ratio of 17.44 and a beta of 1.07. The firm has a 50 day moving average price of $27.42 and a 200 day moving average price of $25.68.
The business 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. The ex-dividend date of this dividend is Wednesday, November 2nd. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.80%. Washington Federal’s payout ratio is presently 31.28%.
Several hedge funds have recently bought and sold shares of WAFD. Foundry Partners LLC bought a new stake in Washington Federal during the second quarter worth $12,336,000. Chevy Chase Trust Holdings Inc. boosted its stake 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 valued at $30,903,000 after buying an additional 199,102 shares in the last quarter. BNP Paribas Arbitrage SA boosted its stake 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 valued at $1,142,000 after buying an additional 46,985 shares in the last quarter. Panagora Asset Management Inc. boosted its stake 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 valued at $7,385,000 after buying an additional 72,727 shares in the last quarter. Finally, Metropolitan Life Insurance Co. NY boosted its stake 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 valued at $3,388,000 after buying an additional 5,330 shares in the last quarter. 83.03% of the stock is currently owned by hedge funds and other institutional investors.
Separately, Zacks Investment Research downgraded Washington Federal from a “buy” rating to a “hold” rating in a research note 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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