Washington Federal Inc. (NASDAQ:WAFD) – Investment analysts at DA Davidson issued their FY2018 earnings per share (EPS) estimates for Washington Federal in a report released on Thursday. DA Davidson analyst J. Rulis anticipates that the brokerage will post earnings per share of $1.95 for the year.
Washington Federal (NASDAQ:WAFD) last released its earnings results on Thursday, July 14th. The company reported $0.47 EPS for the quarter, topping analysts’ consensus estimates of $0.43 by $0.04. Washington Federal had a net margin of 27.76% and a return on equity of 8.49%.
Separately, Zacks Investment Research raised shares of Washington Federal from a “hold” rating to a “buy” rating and set a $28.00 target price on the stock in a research report on Monday, July 18th.
Shares of Washington Federal (NASDAQ:WAFD) traded up 1.03% during mid-day trading on Monday, reaching $26.55. 185,942 shares of the company traded hands. The stock’s 50-day moving average is $26.18 and its 200-day moving average is $24.55. The company has a market capitalization of $2.40 billion, a P/E ratio of 15.16 and a beta of 1.12. Washington Federal has a 52 week low of $19.11 and a 52 week high of $27.10.
Hedge funds have recently modified their holdings of the company. Vanguard Group Inc. boosted its stake in shares of Washington Federal by 3.2% in the second quarter. Vanguard Group Inc. now owns 8,286,974 shares of the company’s stock worth $201,041,000 after buying an additional 260,680 shares in the last quarter. BlackRock Fund Advisors boosted its stake in Washington Federal by 0.4% in the second quarter. BlackRock Fund Advisors now owns 4,652,160 shares of the company’s stock valued at $112,861,000 after buying an additional 17,208 shares during the period. State Street Corp boosted its stake in Washington Federal by 5.2% in the first quarter. State Street Corp now owns 3,909,202 shares of the company’s stock valued at $88,548,000 after buying an additional 194,894 shares during the period. BlackRock Institutional Trust Company N.A. boosted its stake in Washington Federal by 0.7% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 2,782,774 shares of the company’s stock valued at $67,510,000 after buying an additional 18,609 shares during the period. Finally, Investec Asset Management LTD boosted its stake in Washington Federal by 16.4% in the first quarter. Investec Asset Management LTD now owns 2,052,930 shares of the company’s stock valued at $46,499,000 after buying an additional 289,742 shares during the period. Hedge funds and other institutional investors own 83.11% of the company’s stock.
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 Company’s principal activities consists of taking deposits from the 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 and other income producing properties, home equity loans and business loans.
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