Citadel Advisors LLC Takes Position in Washington Federal, Inc. (WAFD)
Citadel Advisors LLC acquired a new stake in Washington Federal, Inc. (NASDAQ:WAFD) during the second quarter, according to its most recent 13F filing with the SEC. The fund acquired 8,354 shares of the bank’s stock, valued at approximately $277,000.
A number of other institutional investors have also recently made changes to their positions in the stock. BlackRock Inc. raised its stake in Washington Federal by 16,855.9% in the 1st quarter. BlackRock Inc. now owns 9,559,901 shares of the bank’s stock valued at $316,434,000 after acquiring an additional 9,503,520 shares during the period. Vanguard Group Inc. raised its stake in Washington Federal by 0.5% in the 1st quarter. Vanguard Group Inc. now owns 9,365,735 shares of the bank’s stock valued at $310,006,000 after acquiring an additional 48,928 shares during the period. FMR LLC raised its stake in Washington Federal by 7.4% in the 2nd quarter. FMR LLC now owns 8,016,631 shares of the bank’s stock valued at $266,152,000 after acquiring an additional 549,742 shares during the period. State Street Corp raised its stake in Washington Federal by 8.4% in the 1st quarter. State Street Corp now owns 3,619,821 shares of the bank’s stock valued at $119,814,000 after acquiring an additional 281,548 shares during the period. Finally, Northern Trust Corp raised its stake in Washington Federal by 12.8% in the 2nd quarter. Northern Trust Corp now owns 3,039,627 shares of the bank’s stock valued at $100,916,000 after acquiring an additional 343,912 shares during the period. Institutional investors and hedge funds own 83.81% of the company’s stock.
Washington Federal, Inc. (NASDAQ WAFD) opened at 34.25 on Friday. Washington Federal, Inc. has a 12-month low of $25.15 and a 12-month high of $35.95. The stock has a market cap of $3.03 billion, a price-to-earnings ratio of 18.02 and a beta of 1.14. The firm’s 50-day moving average price is $32.46 and its 200-day moving average price is $32.91.
Washington Federal (NASDAQ:WAFD) last posted its quarterly earnings data on Tuesday, July 18th. The bank reported $0.49 EPS for the quarter, topping the consensus estimate of $0.47 by $0.02. Washington Federal had a return on equity of 8.57% and a net margin of 29.06%. The firm had revenue of $122.54 million for the quarter, compared to the consensus estimate of $120.35 million. On average, equities analysts predict that Washington Federal, Inc. will post $1.91 EPS for the current fiscal year.
In other news, Director Thomas J. Kelley sold 6,100 shares of the firm’s stock in a transaction dated Wednesday, July 26th. The stock was sold at an average price of $33.72, for a total value of $205,692.00. Following the transaction, the director now owns 21,185 shares of the company’s stock, valued at $714,358.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 1.28% of the stock is owned by company insiders.
A number of equities research analysts recently issued reports on the company. Piper Jaffray Companies restated a “hold” rating and issued a $34.00 price objective on shares of Washington Federal in a research note on Friday, October 6th. ValuEngine raised Washington Federal from a “hold” rating to a “buy” rating in a report on Tuesday, September 26th. Zacks Investment Research lowered Washington Federal from a “buy” rating to a “hold” rating in a report on Monday, September 18th. Royal Bank Of Canada reaffirmed a “hold” rating and set a $35.00 target price on shares of Washington Federal in a report on Friday, September 8th. Finally, BidaskClub lowered Washington Federal from a “sell” rating to a “strong sell” rating in a report on Monday, July 31st. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $34.50.
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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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