Washington Federal Inc. (NASDAQ:WAFD) issued its earnings results on Wednesday. The company reported $0.49 earnings per share for the quarter, topping analysts’ consensus estimates of $0.44 by $0.05. Washington Federal had a return on equity of 8.49% and a net margin of 27.76%.
Washington Federal (NASDAQ:WAFD) opened at 26.68 on Wednesday. The firm has a 50-day moving average price of $26.57 and a 200-day moving average price of $25.02. The company has a market cap of $2.41 billion, a P/E ratio of 15.24 and a beta of 1.02. Washington Federal has a 52 week low of $19.11 and a 52 week high of $27.20.
Separately, Zacks Investment Research downgraded Washington Federal from a “buy” rating to a “hold” rating in a report on Thursday, August 4th.
Large investors have recently modified their holdings of the company. Profund Advisors LLC raised its stake in shares of Washington Federal by 7.9% in the second quarter. Profund Advisors LLC now owns 16,433 shares of the company’s stock worth $399,000 after buying an additional 1,201 shares in the last quarter. Advisor Group Inc. purchased a new position in Washington Federal during the second quarter worth approximately $134,000. Stevens Capital Management LP purchased a new position in Washington Federal during the second quarter worth approximately $1,389,000. Teachers Advisors Inc. boosted its position in Washington Federal by 355.4% in the second quarter. Teachers Advisors Inc. now owns 633,677 shares of the company’s stock worth $15,373,000 after buying an additional 494,515 shares during the last quarter. Finally, United Services Automobile Association boosted its position in Washington Federal by 2.1% in the second quarter. United Services Automobile Association now owns 22,240 shares of the company’s stock worth $540,000 after buying an additional 450 shares during the last quarter. Hedge funds and other institutional investors own 83.15% of the company’s stock.
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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