Tradewinds Capital Management LLC raised its position in shares of Washington Federal Inc. (NASDAQ:WAFD) by 3.8% during the second quarter, Holdings Channel reports. The institutional investor owned 24,036 shares of the company’s stock after buying an additional 882 shares during the period. Tradewinds Capital Management LLC’s holdings in Washington Federal were worth $583,000 as of its most recent SEC filing.
A number of other hedge funds have also bought and sold shares of WAFD. Teachers Advisors Inc. increased its stake in Washington Federal by 1.5% in the first quarter. Teachers Advisors Inc. now owns 139,162 shares of the company’s stock worth $3,152,000 after buying an additional 2,089 shares in the last quarter. UBS Asset Management Americas Inc. increased its stake in Washington Federal by 0.8% in the first quarter. UBS Asset Management Americas Inc. now owns 304,649 shares of the company’s stock worth $6,901,000 after buying an additional 2,290 shares in the last quarter. LS Investment Advisors LLC increased its stake in Washington Federal by 75.8% in the second quarter. LS Investment Advisors LLC now owns 5,426 shares of the company’s stock worth $132,000 after buying an additional 2,339 shares in the last quarter. Strs Ohio increased its stake in Washington Federal by 10.3% in the second quarter. Strs Ohio now owns 45,100 shares of the company’s stock worth $1,094,000 after buying an additional 4,200 shares in the last quarter. Finally, Metropolitan Life Insurance Co. NY increased its stake in Washington Federal by 3.7% in the first quarter. Metropolitan Life Insurance Co. NY now owns 149,590 shares of the company’s stock worth $3,388,000 after buying an additional 5,330 shares in the last quarter. 83.15% of the stock is owned by hedge funds and other institutional investors.
Shares of Washington Federal Inc. (NASDAQ:WAFD) traded up 0.08% during mid-day trading on Monday, hitting $26.66. 196,578 shares of the stock were exchanged. The stock has a market capitalization of $2.41 billion, a price-to-earnings ratio of 15.23 and a beta of 1.02. The stock’s 50-day moving average is $26.54 and its 200-day moving average is $24.93. Washington Federal Inc. has a 52 week low of $19.11 and a 52 week high of $27.20.
Washington Federal (NASDAQ:WAFD) last posted its quarterly earnings data on Thursday, July 14th. The company reported $0.47 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.43 by $0.04. Washington Federal had a net margin of 27.76% and a return on equity of 8.49%. Analysts forecast that Washington Federal Inc. will post $1.73 earnings per share for the current fiscal year.
Separately, Zacks Investment Research raised shares of Washington Federal from a “hold” rating to a “buy” rating and set a $28.00 price objective for the company 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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