Washington Federal Inc. (WAFD) Position Decreased by Heartland Advisors Inc.
Heartland Advisors Inc. decreased its stake in Washington Federal Inc. (NASDAQ:WAFD) by 46.9% during the third quarter, according to its most recent filing with the SEC. The firm owned 197,399 shares of the company’s stock after selling 174,098 shares during the period. Heartland Advisors Inc. owned 0.22% of Washington Federal worth $5,267,000 at the end of the most recent reporting period.
Other institutional investors also recently modified their holdings of the company. Victory Capital Management Inc. boosted its position in shares of Washington Federal by 77.2% in the second quarter. Victory Capital Management Inc. now owns 5,180 shares of the company’s stock valued at $126,000 after buying an additional 2,256 shares during the last quarter. LS Investment Advisors LLC boosted its position in shares of Washington Federal by 75.8% in the second quarter. LS Investment Advisors LLC now owns 5,426 shares of the company’s stock valued at $132,000 after buying an additional 2,339 shares during the last quarter. Quantbot Technologies LP bought a new position in shares of Washington Federal during the second quarter valued at approximately $133,000. Advisor Group Inc. bought a new position in shares of Washington Federal during the second quarter valued at approximately $134,000. Finally, Tower Research Capital LLC TRC bought a new position in shares of Washington Federal during the second quarter valued at approximately $136,000. 83.12% of the stock is currently owned by institutional investors and hedge funds.
Shares of Washington Federal Inc. (NASDAQ:WAFD) remained flat at $33.00 during trading on Monday. The stock had a trading volume of 163,243 shares. The stock has a 50-day moving average of $28.51 and a 200 day moving average of $26.06. The firm has a market cap of $2.94 billion, a P/E ratio of 18.54 and a beta of 1.07. Washington Federal Inc. has a one year low of $19.10 and a one year high of $33.50.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 18th. Investors of record on Friday, November 4th were paid a $0.14 dividend. This represents a $0.56 annualized dividend and a dividend yield of 1.70%. The ex-dividend date of this dividend was Wednesday, November 2nd. Washington Federal’s payout ratio is presently 31.28%.
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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.
In related news, insider Brent J. Beardall sold 30,000 shares of Washington Federal stock in a transaction on Monday, November 7th. The shares were sold at an average price of $27.78, for a total value of $833,400.00. Following the completion of the sale, the insider now owns 186,242 shares of the company’s stock, valued at approximately $5,173,802.76. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Roy M. Whitehead sold 50,000 shares of Washington Federal stock in a transaction on Thursday, November 10th. The shares were sold at an average price of $29.57, for a total transaction of $1,478,500.00. Following the completion of the sale, the chief executive officer now directly owns 387,860 shares of the company’s stock, valued at approximately $11,469,020.20. The disclosure for this sale can be found here. 1.58% of the stock is currently owned by corporate insiders.
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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