Washington Federal, Inc. (WAFD) Holdings Decreased by Alliancebernstein L.P.
Alliancebernstein L.P. decreased its stake in shares of Washington Federal, Inc. (NASDAQ:WAFD) by 4.1% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 144,420 shares of the bank’s stock after selling 6,140 shares during the quarter. Alliancebernstein L.P. owned about 0.16% of Washington Federal worth $4,795,000 at the end of the most recent quarter.
Several other large investors also recently bought and sold shares of the business. Creative Planning raised its stake in shares of Washington Federal by 3.1% during the 2nd quarter. Creative Planning now owns 3,327 shares of the bank’s stock worth $110,000 after purchasing an additional 101 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Washington Federal by 61.9% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,816 shares of the bank’s stock valued at $126,000 after buying an additional 1,459 shares during the last quarter. OppenheimerFunds Inc. acquired a new stake in shares of Washington Federal in the 1st quarter valued at approximately $201,000. Capital One National Association acquired a new stake in shares of Washington Federal in the 2nd quarter valued at approximately $208,000. Finally, Raymond James Financial Services Advisors Inc. boosted its holdings in shares of Washington Federal by 4.3% in the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 6,514 shares of the bank’s stock valued at $216,000 after buying an additional 271 shares during the last quarter. 83.81% of the stock is currently owned by hedge funds and other institutional investors.
In other Washington Federal news, Director Thomas J. Kelley sold 6,100 shares of Washington Federal stock in a transaction that occurred on Wednesday, July 26th. The shares were sold at an average price of $33.72, for a total transaction of $205,692.00. Following the transaction, the director now owns 21,185 shares of the company’s stock, valued at approximately $714,358.20. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 1.28% of the company’s stock.
Shares of Washington Federal, Inc. (NASDAQ:WAFD) opened at 33.95 on Tuesday. Washington Federal, Inc. has a 1-year low of $25.15 and a 1-year high of $35.95. The company has a market cap of $3.00 billion, a price-to-earnings ratio of 17.86 and a beta of 1.14. The firm has a 50-day moving average price of $31.93 and a 200 day moving average price of $32.81.
Washington Federal (NASDAQ:WAFD) last released its quarterly earnings results on Tuesday, July 18th. The bank reported $0.49 earnings per share for the quarter, topping the consensus estimate of $0.47 by $0.02. Washington Federal had a net margin of 29.06% and a return on equity of 8.57%. The business had revenue of $122.54 million for the quarter, compared to analysts’ expectations of $120.35 million. On average, analysts predict that Washington Federal, Inc. will post $1.91 EPS for the current fiscal year.
WAFD has been the subject of several analyst reports. ValuEngine upgraded shares of Washington Federal from a “hold” rating to a “buy” rating in a report on Tuesday, September 26th. Zacks Investment Research lowered shares of Washington Federal from a “buy” rating to a “hold” rating in a research report on Monday, September 18th. Royal Bank Of Canada reiterated a “hold” rating and issued a $35.00 price target on shares of Washington Federal in a research note on Friday, September 8th. BidaskClub cut shares of Washington Federal from a “sell” rating to a “strong sell” rating in a research note on Monday, July 31st. Finally, Keefe, Bruyette & Woods reissued a “hold” rating and issued a $34.00 price objective on shares of Washington Federal in a research report on Tuesday, July 25th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $33.50.
Washington Federal 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 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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