Washington Federal, Inc. (NASDAQ:WAFD) was downgraded by equities research analysts at ValuEngine from a “buy” rating to a “hold” rating in a research note issued to investors on Thursday.

Other equities research analysts have also recently issued research reports about the stock. Zacks Investment Research raised shares of Washington Federal from a “hold” rating to a “buy” rating and set a $37.00 target price for the company in a research report on Friday, July 21st. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $34.00 target price on shares of Washington Federal in a research report on Tuesday, July 25th. Finally, BidaskClub raised shares of Washington Federal from a “sell” rating to a “hold” rating in a research report on Saturday, June 10th. One equities research analyst has rated the stock with a sell rating and five have given a hold rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $33.50.

Washington Federal (WAFD) opened at 30.30 on Thursday. The stock has a 50 day moving average of $32.22 and a 200-day moving average of $32.97. Washington Federal has a 52 week low of $25.15 and a 52 week high of $35.95. The firm has a market cap of $2.68 billion, a PE ratio of 15.94 and a beta of 1.13.

Washington Federal (NASDAQ:WAFD) last released its quarterly earnings data on Tuesday, July 18th. The bank reported $0.49 EPS for the quarter, topping the Zacks’ consensus estimate of $0.47 by $0.02. The firm had revenue of $122.54 million during the quarter, compared to analysts’ expectations of $120.35 million. Washington Federal had a net margin of 29.06% and a return on equity of 8.57%. Analysts expect that Washington Federal will post $1.91 earnings per share for the current year.

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In other news, Director Thomas J. Kelley sold 6,100 shares of the business’s stock in a transaction dated Wednesday, July 26th. The shares were sold at an average price of $33.72, for a total value of $205,692.00. Following the completion of the sale, the director now owns 21,185 shares of the company’s stock, valued at $714,358.20. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 1.28% of the company’s stock.

A number of institutional investors and hedge funds have recently bought and sold shares of WAFD. Capstone Asset Management Co. lifted its position in Washington Federal by 3.5% during the first quarter. Capstone Asset Management Co. now owns 8,056 shares of the bank’s stock worth $267,000 after purchasing an additional 270 shares during the period. Acadian Asset Management LLC lifted its position in Washington Federal by 100.2% during the first quarter. Acadian Asset Management LLC now owns 63,477 shares of the bank’s stock worth $2,101,000 after purchasing an additional 31,767 shares during the period. Oregon Public Employees Retirement Fund lifted its position in Washington Federal by 1.3% during the first quarter. Oregon Public Employees Retirement Fund now owns 31,665 shares of the bank’s stock worth $1,048,000 after purchasing an additional 400 shares during the period. Wells Fargo & Company MN lifted its position in Washington Federal by 5.7% during the first quarter. Wells Fargo & Company MN now owns 220,221 shares of the bank’s stock worth $7,289,000 after purchasing an additional 11,874 shares during the period. Finally, Great West Life Assurance Co. Can lifted its position in Washington Federal by 4.9% during the first quarter. Great West Life Assurance Co. Can now owns 52,539 shares of the bank’s stock worth $1,736,000 after purchasing an additional 2,478 shares during the period. 84.38% of the stock is owned by institutional investors and hedge funds.

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 business of the Bank consists primarily of accepting deposits from the general 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, commercial real estate and other income producing properties, home equity loans and business loans.

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