Washington Federal, Inc. (WAFD) Shares Sold by Great West Life Assurance Co. Can
Great West Life Assurance Co. Can lessened its position in shares of Washington Federal, Inc. (NASDAQ:WAFD) by 6.8% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 50,825 shares of the bank’s stock after selling 3,723 shares during the quarter. Great West Life Assurance Co. Can owned 0.06% of Washington Federal worth $1,722,000 at the end of the most recent reporting period.
Other institutional investors have also recently bought and sold shares of the company. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Washington Federal by 7.9% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,117 shares of the bank’s stock worth $137,000 after buying an additional 301 shares during the last quarter. Public Employees Retirement System of Ohio boosted its stake in shares of Washington Federal by 1.1% in the second quarter. Public Employees Retirement System of Ohio now owns 5,522 shares of the bank’s stock worth $183,000 after buying an additional 62 shares during the last quarter. Adviser Investments LLC purchased a new stake in shares of Washington Federal in the third quarter worth about $222,000. Raymond James Financial Services Advisors Inc. boosted its stake in shares of Washington Federal by 1.9% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 6,641 shares of the bank’s stock worth $220,000 after buying an additional 127 shares during the last quarter. Finally, Brighton Jones LLC purchased a new stake in shares of Washington Federal in the second quarter worth about $221,000. Institutional investors and hedge funds own 83.23% of the company’s stock.
A number of analysts have recently commented on the company. ValuEngine upgraded Washington Federal from a “hold” rating to a “buy” rating in a research note on Friday, December 1st. Piper Jaffray Companies reiterated a “hold” rating and set a $34.00 price target on shares of Washington Federal in a research report on Friday, October 6th. Zacks Investment Research downgraded Washington Federal from a “buy” rating to a “hold” rating in a research report on Monday, September 18th. Finally, Royal Bank of Canada reiterated a “hold” rating and set a $35.00 price target on shares of Washington Federal in a research report on Friday, September 8th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $36.00.
Washington Federal (NASDAQ:WAFD) last issued its quarterly earnings results on Wednesday, October 18th. The bank reported $0.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.49 by $0.03. The company had revenue of $128.69 million for the quarter, compared to the consensus estimate of $121.46 million. Washington Federal had a return on equity of 8.63% and a net margin of 28.87%. equities analysts forecast that Washington Federal, Inc. will post 2.07 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Monday, November 20th. Shareholders of record on Monday, November 6th were given a dividend of $0.15 per share. The ex-dividend date of this dividend was Friday, November 3rd. This represents a $0.60 dividend on an annualized basis and a yield of 1.73%. Washington Federal’s dividend payout ratio is currently 30.93%.
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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 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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