January 27, 2023


Washington Federal, Inc. (NASDAQ:WAFD – Get Rating) EVP Kim E. Robison sold 7,148 shares of the stock in one transaction on Monday, January 23. The shares sold at an average price of $34.00 for a total value of $243,032.00. Upon closing of the transaction, the Executive Vice President now directly owns 56,344 shares of the Company, valued at approximately $1,915,696. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC’s website.

Performance of the Washington Federal Stock

Shares of the Washington Federal Stock opened at $33.63 on Wednesday. The company has a market cap of $2.20 billion, a P/E of 8.76 and a beta of 0.86. Washington Federal, Inc. has a 12-month low of $29.46 and a 12-month high of $39.17. The company has a current ratio of 1.09, a quick ratio of 1.03 and a debt-to-equity ratio of 1.52. The stock’s 50-day simple moving average is $34.13 and its 200-day simple moving average is $33.84.

Washington Federal Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, December 2nd. A dividend of $0.24 per share was paid to shareholders of record on Friday, November 18th. That equates to an annual dividend of $0.96 and a yield of 2.85%. The ex-dividend date was Thursday November 17th. Washington Federal’s Dividend Payout Ratio (DPR) is currently 25.00%.

Changes in analyst ratings

A number of research analysts recently rated the company. StockNews.com downgraded Washington Federal from a “buy” rating to a “hold” rating in a research note on Wednesday, December 21. Piper Sandler raised her price target on Washington Federal to $37.00 from $36.00 and gave the company a “neutral” rating in a research note on Tuesday, January 17. Keefe, Bruyette & Woods raised their price target on Washington Federal to $48.00 from $41.00 and gave the stock an outperform rating in a research note on Sunday, October 16. Finally, DA Davidson raised its price target on Washington Federal to $45.00 from $43.00 and gave the stock a “buy” rating in a research note on Tuesday, January 17th.

Hedge funds weigh on Washington Federal

A number of large investors have recently added to or reduced their stakes in WAFD. Bank of New York Mellon Corp increased its holding in Washington Federal by 1.2% in the first quarter. The Bank of New York Mellon Corp now owns 906,332 shares of the bank worth $29,745,000 after purchasing an additional 11,031 shares last quarter. Citigroup Inc. increased its stake in Washington Federal by 60.1% in the first quarter. Citigroup Inc. now owns 43,493 shares of the bank, valued at $1,428,000, after purchasing an additional 16,323 shares last quarter. Bank of Montreal Can increased its stake in Washington Federal by 120.1% in the first quarter. Bank of Montreal Can now owns 13,329 shares of the bank, valued at $455,000, after purchasing an additional 7,274 shares last quarter. MetLife Investment Management LLC increased its holdings of Washington Federal stock by 39.7% during the first quarter. MetLife Investment Management LLC now owns 75,272 shares of the bank valued at $2,470,000 after purchasing an additional 21,388 shares last quarter. Finally, the Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its holdings of Washington Federal stock by 10.7% during the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 23,904 shares of the bank, valued at $785,000, after purchasing an additional 2,305 shares last quarter. Institutional investors own 80.35% of the company’s shares.

About Washington Federal

(received rating)

Washington Federal, Inc acts as the banking holding company for Washington Federal Bank, which provides credit, custody, insurance and other banking services throughout the United States. The Company offers deposit products including business and personal checking accounts, time deposit certificates, and money market and savings accounts.

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