Washington Federal’s (WAFD) “Hold” Rating Reaffirmed at Keefe, Bruyette & Woods

Washington Federal (NASDAQ:WAFD)‘s stock had its “hold” rating reissued by Keefe, Bruyette & Woods in a report released on Thursday. They presently have a $38.00 price objective on the bank’s stock. Keefe, Bruyette & Woods’ target price indicates a potential upside of 2.29% from the company’s previous close.

A number of other analysts have also commented on WAFD. DA Davidson restated a “hold” rating and set a $39.00 price target on shares of Washington Federal in a research note on Thursday. BidaskClub upgraded shares of Washington Federal from a “sell” rating to a “hold” rating in a research note on Tuesday. ValuEngine upgraded shares of Washington Federal from a “hold” rating to a “buy” rating in a research note on Friday, December 1st. Zacks Investment Research upgraded shares of Washington Federal from a “hold” rating to a “buy” rating and set a $40.00 target price for the company in a research note on Monday, October 23rd. Finally, Piper Jaffray Companies reiterated a “hold” rating and issued a $34.00 target price on shares of Washington Federal in a research note on Friday, October 6th. Five equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Washington Federal has a consensus rating of “Hold” and a consensus price target of $37.40.

Shares of Washington Federal (NASDAQ WAFD) traded up $0.50 during mid-day trading on Thursday, reaching $37.15. 462,587 shares of the company’s stock were exchanged, compared to its average volume of 426,604. The company has a market cap of $3,270.00, a price-to-earnings ratio of 17.86, a PEG ratio of 1.71 and a beta of 1.15. The company has a quick ratio of 1.02, a current ratio of 1.03 and a debt-to-equity ratio of 1.20. Washington Federal has a fifty-two week low of $29.80 and a fifty-two week high of $37.30.

Washington Federal (NASDAQ:WAFD) last announced its quarterly earnings results on Wednesday, January 17th. The bank reported $0.59 EPS for the quarter, beating the Zacks’ consensus estimate of $0.51 by $0.08. The business had revenue of $122.53 million during the quarter, compared to analyst estimates of $124.98 million. Washington Federal had a net margin of 30.20% and a return on equity of 9.14%. research analysts anticipate that Washington Federal will post 2.14 EPS for the current year.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Public Employees Retirement System of Ohio grew its stake in shares of Washington Federal by 1.1% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 5,522 shares of the bank’s stock worth $183,000 after acquiring an additional 62 shares in the last quarter. Raymond James Financial Services Advisors Inc. grew its stake in shares of Washington Federal by 1.9% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 6,641 shares of the bank’s stock worth $220,000 after acquiring an additional 127 shares in the last quarter. Suntrust Banks Inc. grew its stake in shares of Washington Federal by 1.7% in the 2nd quarter. Suntrust Banks Inc. now owns 13,539 shares of the bank’s stock worth $449,000 after acquiring an additional 220 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Washington Federal by 7.9% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,117 shares of the bank’s stock worth $137,000 after acquiring an additional 301 shares in the last quarter. Finally, PNC Financial Services Group Inc. grew its stake in shares of Washington Federal by 3.6% in the 2nd quarter. PNC Financial Services Group Inc. now owns 10,916 shares of the bank’s stock worth $363,000 after acquiring an additional 380 shares in the last quarter. Hedge funds and other institutional investors own 83.23% of the company’s stock.

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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.

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