Morgan Stanley lowered its holdings in shares of Washington Federal Inc. (NASDAQ:WAFD) by 43.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 150,827 shares of the bank’s stock after selling 116,622 shares during the quarter. Morgan Stanley owned about 0.19% of Washington Federal worth $3,915,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the company. Janus Henderson Group PLC raised its holdings in shares of Washington Federal by 49.7% during the 1st quarter. Janus Henderson Group PLC now owns 3,103,441 shares of the bank’s stock valued at $80,565,000 after purchasing an additional 1,030,905 shares in the last quarter. Geode Capital Management LLC grew its stake in Washington Federal by 5.4% in the 1st quarter. Geode Capital Management LLC now owns 1,222,659 shares of the bank’s stock valued at $31,740,000 after buying an additional 62,386 shares during the last quarter. Acadian Asset Management LLC grew its stake in Washington Federal by 20.1% in the 1st quarter. Acadian Asset Management LLC now owns 1,045,005 shares of the bank’s stock valued at $27,128,000 after buying an additional 174,873 shares during the last quarter. Victory Capital Management Inc. grew its stake in Washington Federal by 219.2% in the 1st quarter. Victory Capital Management Inc. now owns 559,340 shares of the bank’s stock valued at $14,520,000 after buying an additional 384,113 shares during the last quarter. Finally, Wells Fargo & Company MN grew its stake in Washington Federal by 3.2% in the 1st quarter. Wells Fargo & Company MN now owns 381,236 shares of the bank’s stock valued at $9,897,000 after buying an additional 11,981 shares during the last quarter. Institutional investors and hedge funds own 82.47% of the company’s stock.

A number of research firms recently issued reports on WAFD. BidaskClub upgraded shares of Washington Federal from a “strong sell” rating to a “sell” rating in a research note on Wednesday, August 12th. Piper Sandler raised their target price on shares of Washington Federal from $25.00 to $25.50 and gave the company a “neutral” rating in a research note on Monday, July 27th. Finally, Zacks Investment Research upgraded shares of Washington Federal from a “sell” rating to a “hold” rating and set a $24.00 target price on the stock in a research note on Thursday, September 10th. One research analyst has rated the stock with a sell rating and four have issued a hold rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $28.50.

NASDAQ WAFD opened at $22.66 on Thursday. The company has a debt-to-equity ratio of 1.41, a current ratio of 1.05 and a quick ratio of 1.05. The firm has a market capitalization of $1.72 billion, a price-to-earnings ratio of 9.25 and a beta of 0.91. The company’s fifty day moving average is $23.81 and its two-hundred day moving average is $25.41. Washington Federal Inc. has a 52-week low of $20.92 and a 52-week high of $38.24.

Washington Federal (NASDAQ:WAFD) last posted its quarterly earnings results on Wednesday, July 22nd. The bank reported $0.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.38 by $0.08. The company had revenue of $130.65 million for the quarter, compared to analyst estimates of $131.40 million. Washington Federal had a net margin of 25.93% and a return on equity of 8.46%. As a group, sell-side analysts expect that Washington Federal Inc. will post 1.88 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, August 21st. Shareholders of record on Friday, August 7th were given a $0.22 dividend. The ex-dividend date was Thursday, August 6th. This represents a $0.88 annualized dividend and a yield of 3.88%. Washington Federal’s dividend payout ratio is 33.72%.

In related news, Director Randall H. Talbot purchased 5,300 shares of the firm’s stock in a transaction on Tuesday, July 28th. The shares were bought at an average cost of $23.16 per share, for a total transaction of $122,748.00. Following the transaction, the director now directly owns 39,743 shares of the company’s stock, valued at approximately $920,447.88. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders acquired a total of 7,378 shares of company stock worth $171,336 over the last 90 days. Company insiders own 1.21% of the company’s stock.

About Washington Federal

Washington Federal, Inc operates as the bank holding company for Washington Federal, National Association that provides lending, depository, insurance, and other banking services in the United States. The company accepts deposit products, including business and personal checking accounts, and term certificates of deposit, as well as money market accounts and passbook savings accounts.

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

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