Insider Selling: Washington Federal Inc. (WAFD) EVP Sells $104,720.00 in Stock
Washington Federal Inc. (NASDAQ:WAFD) EVP Cathy E. Cooper sold 3,500 shares of the company’s stock in a transaction on Thursday, November 10th. The stock was sold at an average price of $29.92, for a total value of $104,720.00. Following the sale, the executive vice president now owns 19,004 shares of the company’s stock, valued at $568,599.68. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.
Shares of Washington Federal Inc. (NASDAQ:WAFD) opened at 30.65 on Thursday. The firm has a 50-day moving average price of $27.44 and a 200-day moving average price of $25.71. Washington Federal Inc. has a 1-year low of $19.10 and a 1-year high of $31.45. The stock has a market capitalization of $2.75 billion, a PE ratio of 17.22 and a beta of 1.07.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 18th. Stockholders of record on Friday, November 4th will be paid a $0.14 dividend. The ex-dividend date is Wednesday, November 2nd. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.83%. Washington Federal’s payout ratio is presently 31.28%.
Several large investors have recently modified their holdings of the stock. BlackRock Group LTD boosted its stake in shares of Washington Federal by 21.2% in the first quarter. BlackRock Group LTD now owns 72,482 shares of the company’s stock worth $1,642,000 after buying an additional 12,657 shares during the last quarter. State Street Corp boosted its stake in shares of Washington Federal by 5.2% in the first quarter. State Street Corp now owns 3,909,202 shares of the company’s stock worth $88,548,000 after buying an additional 194,894 shares during the last quarter. UBS Asset Management Americas Inc. boosted its stake in shares of Washington Federal by 0.8% in the first quarter. UBS Asset Management Americas Inc. now owns 304,649 shares of the company’s stock worth $6,901,000 after buying an additional 2,290 shares during the last quarter. Goldman Sachs Group Inc. boosted its stake in shares of Washington Federal by 3.8% in the first quarter. Goldman Sachs Group Inc. now owns 708,351 shares of the company’s stock worth $16,044,000 after buying an additional 25,809 shares during the last quarter. Finally, Geode Capital Management LLC boosted its stake in shares of Washington Federal by 2.3% in the first quarter. Geode Capital Management LLC now owns 616,817 shares of the company’s stock worth $13,970,000 after buying an additional 13,816 shares during the last quarter. 83.03% of the stock is owned by institutional investors and hedge funds.
Separately, Zacks Investment Research cut Washington Federal from a “buy” rating to a “hold” rating in a research note on Thursday, August 4th.
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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