First Citizens Bank & Trust Co. lowered its stake in Washington Federal Inc. (NASDAQ:WAFD) by 14.5% during the second quarter, Holdings Channel reports. The firm owned 22,764 shares of the company’s stock after selling 3,865 shares during the period. First Citizens Bank & Trust Co.’s holdings in Washington Federal were worth $552,000 as of its most recent SEC filing.
Several other hedge funds have also recently modified their holdings of the company. Capital Fund Management S.A. boosted its stake in shares of Washington Federal by 266.4% in the second quarter. Capital Fund Management S.A. now owns 46,900 shares of the company’s stock valued at $1,138,000 after buying an additional 34,100 shares during the period. Strs Ohio boosted its stake in shares of Washington Federal by 10.3% in the second quarter. Strs Ohio now owns 45,100 shares of the company’s stock valued at $1,094,000 after buying an additional 4,200 shares during the period. Bank of Montreal Can purchased a new stake in shares of Washington Federal during the second quarter valued at about $3,574,000. LS Investment Advisors LLC boosted its stake in shares of Washington Federal by 75.8% in the second quarter. LS Investment Advisors LLC now owns 5,426 shares of the company’s stock valued at $132,000 after buying an additional 2,339 shares during the period. Finally, Nordea Investment Management AB boosted its stake in shares of Washington Federal by 267.2% in the second quarter. Nordea Investment Management AB now owns 26,873 shares of the company’s stock valued at $652,000 after buying an additional 19,555 shares during the period. 83.11% of the stock is currently owned by institutional investors and hedge funds.
Washington Federal Inc. (NASDAQ:WAFD) traded up 0.95% during mid-day trading on Friday, reaching $26.64. The company had a trading volume of 324,752 shares. Washington Federal Inc. has a 52 week low of $19.11 and a 52 week high of $27.20. The stock has a 50 day moving average of $26.54 and a 200 day moving average of $24.93. The stock has a market capitalization of $2.41 billion, a price-to-earnings ratio of 15.21 and a beta of 1.02.
Washington Federal (NASDAQ:WAFD) last issued its quarterly earnings results on Thursday, July 14th. The company reported $0.47 earnings per share (EPS) for the quarter, topping the Zacks’ 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%. Analysts anticipate that Washington Federal Inc. will post $1.73 earnings per share for the current year.
Separately, Zacks Investment Research cut Washington Federal from a “buy” rating to a “hold” rating in a report on Thursday, August 4th.
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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