Hennessy Advisors Inc. cut its stake in Washington Federal Inc. (NASDAQ:WAFD) by 21.6% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 300,000 shares of the company’s stock after selling 82,500 shares during the period. Hennessy Advisors Inc. owned about 0.33% of Washington Federal worth $8,004,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in WAFD. Genesee Valley Trust Co. purchased a new stake in Washington Federal during the third quarter valued at approximately $201,000. Oregon Public Employees Retirement Fund boosted its stake in Washington Federal by 2.0% in the third quarter. Oregon Public Employees Retirement Fund now owns 32,122 shares of the company’s stock valued at $857,000 after buying an additional 628 shares during the last quarter. Foundry Partners LLC boosted its stake in Washington Federal by 3.1% in the third quarter. Foundry Partners LLC now owns 524,361 shares of the company’s stock valued at $13,990,000 after buying an additional 15,876 shares during the last quarter. Chevy Chase Trust Holdings Inc. boosted its stake in Washington Federal by 4.6% in the third quarter. Chevy Chase Trust Holdings Inc. now owns 1,332,914 shares of the company’s stock valued at $35,562,000 after buying an additional 59,117 shares during the last quarter. Finally, Mason Street Advisors LLC purchased a new stake in Washington Federal during the second quarter valued at approximately $1,008,000. 83.12% of the stock is owned by hedge funds and other institutional investors.

Institutional Ownership by Quarter for Washington Federal (NASDAQ:WAFD)

Shares of Washington Federal Inc. (NASDAQ:WAFD) traded down 0.61% during mid-day trading on Wednesday, hitting $32.55. 250,230 shares of the stock traded hands. The stock has a 50-day moving average of $28.68 and a 200-day moving average of $26.14. Washington Federal Inc. has a 52 week low of $19.10 and a 52 week high of $33.50. The company has a market cap of $2.90 billion, a price-to-earnings ratio of 18.29 and a beta of 1.07.

The business also recently declared a quarterly dividend, which was paid on Friday, November 18th. Stockholders of record on Friday, November 4th were paid a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.71%. The ex-dividend date of this dividend was Wednesday, November 2nd. Washington Federal’s dividend payout ratio is currently 31.28%.

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Separately, Zacks Investment Research raised shares of Washington Federal from a “hold” rating to a “strong-buy” rating and set a $32.00 target price for the company in a research note on Tuesday, November 8th.

In related news, CEO Roy M. Whitehead sold 11,530 shares of the stock in a transaction that occurred on Thursday, November 3rd. The shares were sold at an average price of $27.04, for a total transaction of $311,771.20. Following the completion of the sale, the chief executive officer now directly owns 415,345 shares of the company’s stock, valued at $11,230,928.80. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Cathy E. Cooper sold 3,500 shares of the stock in a transaction that occurred on Thursday, November 10th. The shares were sold at an average price of $29.92, for a total transaction of $104,720.00. Following the sale, the executive vice president now directly owns 19,004 shares of the company’s stock, valued at $568,599.68. The disclosure for this sale can be found here. Corporate insiders own 1.58% of the company’s stock.

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.

5 Day Chart for NASDAQ:WAFD

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