Hsbc Holdings PLC lifted its position in shares of Washington Federal Inc. (NASDAQ:WAFD) by 29.8% during the 3rd quarter, HoldingsChannel reports. The fund owned 206,577 shares of the bank’s stock after buying an additional 47,394 shares during the period. Hsbc Holdings PLC’s holdings in Washington Federal were worth $6,610,000 at the end of the most recent reporting period.
Several other large investors have also recently made changes to their positions in the company. Tower Research Capital LLC TRC boosted its stake in shares of Washington Federal by 79.2% during the 2nd quarter. Tower Research Capital LLC TRC now owns 3,806 shares of the bank’s stock worth $124,000 after acquiring an additional 1,682 shares in the last quarter. Victory Capital Management Inc. boosted its stake in shares of Washington Federal by 15.9% during the 2nd quarter. Victory Capital Management Inc. now owns 13,684 shares of the bank’s stock worth $447,000 after acquiring an additional 1,877 shares in the last quarter. Gamco Investors INC. ET AL boosted its stake in shares of Washington Federal by 28.6% during the 2nd quarter. Gamco Investors INC. ET AL now owns 9,000 shares of the bank’s stock worth $294,000 after acquiring an additional 2,000 shares in the last quarter. D.A. Davidson & CO. boosted its stake in shares of Washington Federal by 4.8% during the 3rd quarter. D.A. Davidson & CO. now owns 46,175 shares of the bank’s stock worth $1,478,000 after acquiring an additional 2,115 shares in the last quarter. Finally, Aperio Group LLC boosted its stake in shares of Washington Federal by 12.3% during the 2nd quarter. Aperio Group LLC now owns 28,851 shares of the bank’s stock worth $943,000 after acquiring an additional 3,156 shares in the last quarter. 87.16% of the stock is currently owned by institutional investors and hedge funds.
Shares of NASDAQ:WAFD opened at $27.57 on Friday. The company has a market cap of $2.24 billion, a PE ratio of 11.49, a PEG ratio of 1.57 and a beta of 1.16. The company has a debt-to-equity ratio of 1.17, a quick ratio of 1.03 and a current ratio of 1.03. Washington Federal Inc. has a 12 month low of $26.66 and a 12 month high of $37.70.
Washington Federal (NASDAQ:WAFD) last posted its earnings results on Tuesday, October 16th. The bank reported $0.62 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.62. Washington Federal had a return on equity of 10.22% and a net margin of 31.31%. The firm had revenue of $131.50 million for the quarter, compared to analyst estimates of $133.83 million. During the same quarter in the prior year, the company earned $0.52 EPS. Analysts expect that Washington Federal Inc. will post 2.5 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Friday, November 23rd. Investors of record on Friday, November 9th were paid a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 2.61%. The ex-dividend date was Thursday, November 8th. Washington Federal’s payout ratio is currently 30.00%.
Several equities research analysts have recently commented on the company. TheStreet lowered Washington Federal from a “b” rating to a “c+” rating in a research note on Monday, November 19th. BidaskClub lowered Washington Federal from a “hold” rating to a “sell” rating in a research note on Monday, November 5th. ValuEngine lowered Washington Federal from a “sell” rating to a “strong sell” rating in a research note on Thursday, November 1st. Finally, Zacks Investment Research lowered Washington Federal from a “hold” rating to a “sell” rating in a research note on Monday, October 15th. Three analysts have rated the stock with a sell rating and four have assigned a hold rating to the company’s stock. Washington Federal presently has a consensus rating of “Hold” and an average target price of $36.20.
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About Washington Federal
Washington Federal, Inc operates as the bank holding company for Washington Federal, National Association that provides lending, depository, insurance, and other banking services to consumers, mid-sized and large businesses, and owners and developers of commercial real estate in the United States. The company accepts deposit products, such as business and personal checking accounts, and term certificates of deposit, as well as money market accounts and passbook savings accounts.
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