First Citizens Bank & Trust Co. decreased its stake in shares of Washington Federal, Inc. (NASDAQ:WAFD) by 21.5% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 7,456 shares of the bank’s stock after selling 2,041 shares during the quarter. First Citizens Bank & Trust Co.’s holdings in Washington Federal were worth $255,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. FMR LLC lifted its holdings in shares of Washington Federal by 7.4% in the 2nd quarter. FMR LLC now owns 8,016,631 shares of the bank’s stock worth $266,152,000 after purchasing an additional 549,742 shares in the last quarter. State Street Corp lifted its holdings in shares of Washington Federal by 5.1% in the 2nd quarter. State Street Corp now owns 3,804,883 shares of the bank’s stock worth $126,320,000 after purchasing an additional 185,062 shares in the last quarter. Northern Trust Corp lifted its holdings in shares of Washington Federal by 12.8% in the 2nd quarter. Northern Trust Corp now owns 3,039,627 shares of the bank’s stock worth $100,916,000 after purchasing an additional 343,912 shares in the last quarter. Goldman Sachs Group Inc. lifted its holdings in shares of Washington Federal by 12.4% in the 2nd quarter. Goldman Sachs Group Inc. now owns 1,971,317 shares of the bank’s stock worth $65,448,000 after purchasing an additional 217,136 shares in the last quarter. Finally, Frontier Capital Management Co. LLC lifted its holdings in shares of Washington Federal by 2.2% in the 3rd quarter. Frontier Capital Management Co. LLC now owns 1,958,375 shares of the bank’s stock worth $65,899,000 after purchasing an additional 41,724 shares in the last quarter. 83.23% of the stock is owned by institutional investors.

Washington Federal, Inc. (NASDAQ WAFD) opened at $35.65 on Monday. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.02 and a quick ratio of 1.02. Washington Federal, Inc. has a twelve month low of $29.80 and a twelve month high of $35.90. The stock has a market capitalization of $3,094.10, a price-to-earnings ratio of 18.38, a P/E/G ratio of 1.66 and a beta of 1.15.

Washington Federal (NASDAQ:WAFD) last issued its quarterly earnings data on Wednesday, October 18th. The bank reported $0.52 earnings per share for the quarter, beating the consensus estimate of $0.49 by $0.03. Washington Federal had a return on equity of 8.63% and a net margin of 28.87%. The business had revenue of $128.69 million for the quarter, compared to analysts’ expectations of $121.46 million. analysts predict that Washington Federal, Inc. will post 2.14 earnings per share for the current year.

WAFD has been the topic of a number of recent research reports. ValuEngine upgraded Washington Federal from a “hold” rating to a “buy” rating in a report on Sunday, December 31st. Zacks Investment Research upgraded Washington Federal from a “hold” rating to a “buy” rating and set a $40.00 target price on the stock in a report on Monday, October 23rd. Royal Bank of Canada reiterated a “hold” rating and issued a $36.00 target price on shares of Washington Federal in a report on Friday, October 20th. Piper Jaffray Companies reiterated a “hold” rating and issued a $34.00 target price on shares of Washington Federal in a report on Friday, October 6th. Finally, BidaskClub cut Washington Federal from a “hold” rating to a “sell” rating in a report on Friday, January 5th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $36.00.

ILLEGAL ACTIVITY NOTICE: “Washington Federal, Inc. (WAFD) Stake Lowered by First Citizens Bank & Trust Co.” was published by The Cerbat Gem and is owned by of The Cerbat Gem. If you are reading this story on another domain, it was copied illegally and republished in violation of United States & international trademark & copyright legislation. The legal version of this story can be accessed at https://www.thecerbatgem.com/2018/01/15/washington-federal-inc-wafd-stake-lowered-by-first-citizens-bank-trust-co.html.

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.

Institutional Ownership by Quarter for Washington Federal (NASDAQ:WAFD)

Receive News & Stock Ratings for Washington Federal Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Washington Federal and related stocks with our FREE daily email newsletter.