LS Investment Advisors LLC boosted its stake in Washington Federal Inc. (NASDAQ:WAFD) by 75.8% during the second quarter, according to its most recent filing with the SEC. The firm owned 5,426 shares of the company’s stock after buying an additional 2,339 shares during the period. LS Investment Advisors LLC’s holdings in Washington Federal were worth $132,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Norges Bank purchased a new position in shares of Washington Federal during the fourth quarter valued at about $34,689,000. Foundry Partners LLC purchased a new position in shares of Washington Federal during the second quarter valued at about $12,336,000. Renaissance Technologies LLC boosted its position in shares of Washington Federal by 135.4% in the first quarter. Renaissance Technologies LLC now owns 724,376 shares of the company’s stock valued at $16,407,000 after buying an additional 416,600 shares in the last quarter. Investec Asset Management LTD boosted its position in shares of 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 in the last quarter. Finally, Chevy Chase Trust Holdings Inc. boosted its position in shares of Washington Federal by 18.5% in the second quarter. Chevy Chase Trust Holdings Inc. now owns 1,273,797 shares of the company’s stock valued at $30,903,000 after buying an additional 199,102 shares in the last quarter. Hedge funds and other institutional investors own 83.11% of the company’s stock.
Washington Federal Inc. (NASDAQ:WAFD) traded up 1.37% during mid-day trading on Friday, reaching $26.68. 415,343 shares of the company traded hands. The firm has a market capitalization of $2.41 billion, a P/E ratio of 15.24 and a beta of 1.12. Washington Federal Inc. has a 12-month low of $19.11 and a 12-month high of $27.10. The company’s 50 day moving average price is $26.29 and its 200 day moving average price is $24.64.
Washington Federal (NASDAQ:WAFD) last posted its quarterly earnings results on Thursday, July 14th. The company reported $0.47 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.43 by $0.04. Washington Federal had a return on equity of 8.49% and a net margin of 27.76%. Equities research analysts predict that Washington Federal Inc. will post $1.73 EPS for the current year.
Separately, Zacks Investment Research upgraded shares of Washington Federal from a “hold” rating to a “buy” rating and set a $28.00 target price on the stock in a report on Monday, July 18th.
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 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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