Washington Federal, Inc. (WAFD) Holdings Reduced by Profund Advisors LLC
Profund Advisors LLC lowered its holdings in Washington Federal, Inc. (NASDAQ:WAFD) by 29.0% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 13,250 shares of the bank’s stock after selling 5,423 shares during the quarter. Profund Advisors LLC’s holdings in Washington Federal were worth $440,000 as of its most recent filing with the SEC.
Other institutional investors have also bought and sold shares of the company. Creative Planning grew its holdings in shares of Washington Federal by 3.1% during the second quarter. Creative Planning now owns 3,327 shares of the bank’s stock worth $110,000 after purchasing an additional 101 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Washington Federal by 61.9% in the first 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 in the last quarter. OppenheimerFunds Inc. acquired a new stake in shares of Washington Federal in the first quarter valued at $201,000. Capital One National Association acquired a new stake in shares of Washington Federal in the second quarter valued at $208,000. Finally, Raymond James Financial Services Advisors Inc. increased its stake in shares of Washington Federal by 4.3% in the first 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 in the last quarter. 83.81% of the stock is currently owned by institutional investors.
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In other news, Director Thomas J. Kelley sold 6,100 shares of the firm’s stock in a transaction that occurred on Wednesday, July 26th. The shares were sold at an average price of $33.72, for a total value of $205,692.00. Following the sale, the director now directly owns 21,185 shares in the company, valued at approximately $714,358.20. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 1.28% of the stock is currently owned by corporate insiders.
Washington Federal, Inc. (NASDAQ:WAFD) opened at 33.95 on Tuesday. The company has a market cap of $3.00 billion, a PE ratio of 17.86 and a beta of 1.14. The company has a 50-day moving average of $31.93 and a 200 day moving average of $32.81. Washington Federal, Inc. has a 52-week low of $25.15 and a 52-week high of $35.95.
Washington Federal (NASDAQ:WAFD) last released its earnings results on Tuesday, July 18th. The bank reported $0.49 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.47 by $0.02. The firm had revenue of $122.54 million for the quarter, compared to analysts’ expectations of $120.35 million. Washington Federal had a return on equity of 8.57% and a net margin of 29.06%. Equities research analysts predict that Washington Federal, Inc. will post $1.91 EPS for the current year.
A number of research firms recently issued reports on WAFD. Zacks Investment Research raised Washington Federal from a “hold” rating to a “buy” rating and set a $36.00 price target for the company in a report on Monday, June 5th. BidaskClub lowered shares of Washington Federal from a “hold” rating to a “sell” rating in a report on Tuesday, June 20th. ValuEngine lowered shares of Washington Federal from a “buy” rating to a “hold” rating in a report on Thursday, September 7th. Finally, Royal Bank Of Canada restated a “hold” rating and issued a $35.00 price objective on shares of Washington Federal in a research report on Friday, September 8th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $33.50.
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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