Alps Advisors Inc. reduced its stake in Washington Federal Inc. (NASDAQ:WAFD) by 6.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 17,981 shares of the company’s stock after selling 1,320 shares during the period. Alps Advisors Inc.’s holdings in Washington Federal were worth $436,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also modified their holdings of the company. State Street Corp raised its position in shares of 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 last quarter. Investec Asset Management LTD raised 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 during the last quarter. Norges Bank acquired a new position in shares of Washington Federal during the fourth quarter valued at $34,689,000. Chevy Chase Trust Holdings Inc. raised 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 during the last quarter. Finally, Renaissance Technologies LLC raised 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 during the last quarter. Institutional investors own 83.11% of the company’s stock.
Washington Federal Inc. (NASDAQ:WAFD) traded up 0.41% on Thursday, hitting $26.91. The stock had a trading volume of 312,801 shares. The firm has a market cap of $2.44 billion, a price-to-earnings ratio of 15.37 and a beta of 1.02. The company’s 50-day moving average price is $26.42 and its 200 day moving average price is $24.76. Washington Federal Inc. has a one year low of $19.11 and a one year high of $27.10.
Washington Federal (NASDAQ:WAFD) last announced its quarterly earnings results on Thursday, July 14th. The company reported $0.47 EPS 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%. Analysts expect that Washington Federal Inc. will post $1.73 earnings per share for the current year.
Separately, Zacks Investment Research lowered Washington Federal from a “buy” rating to a “hold” rating in a research report on Thursday, August 4th.
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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