Washington Federal, Inc. (NASDAQ:WAFD) Holdings Cut by Truist Financial Corp

Truist Financial Corp lowered its holdings in Washington Federal, Inc. (NASDAQ:WAFDGet Rating) by 6.3% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 7,715 shares of the bank’s stock after selling 520 shares during the period. Truist Financial Corp’s holdings in Washington Federal were worth $253,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of WAFD. Assenagon Asset Management S.A. lifted its holdings in Washington Federal by 41.7% in the fourth quarter. Assenagon Asset Management S.A. now owns 437,610 shares of the bank’s stock worth $14,607,000 after acquiring an additional 128,686 shares during the last quarter. Cubist Systematic Strategies LLC increased its stake in shares of Washington Federal by 246.7% in the fourth quarter. Cubist Systematic Strategies LLC now owns 144,980 shares of the bank’s stock valued at $4,839,000 after purchasing an additional 103,157 shares during the period. Bank of America Corp DE increased its stake in shares of Washington Federal by 33.9% in the fourth quarter. Bank of America Corp DE now owns 355,120 shares of the bank’s stock valued at $11,853,000 after purchasing an additional 89,929 shares during the period. Lazard Asset Management LLC acquired a new stake in shares of Washington Federal in the fourth quarter valued at approximately $2,887,000. Finally, Fuller & Thaler Asset Management Inc. increased its stake in shares of Washington Federal by 4.0% in the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 1,890,497 shares of the bank’s stock valued at $63,105,000 after purchasing an additional 72,074 shares during the period. Institutional investors own 80.52% of the company’s stock.

Washington Federal Price Performance

Shares of NASDAQ:WAFD opened at $34.13 on Friday. The firm’s 50 day moving average is $31.45 and its two-hundred day moving average is $32.91. Washington Federal, Inc. has a 52 week low of $29.46 and a 52 week high of $38.06. The firm has a market capitalization of $2.23 billion, a P/E ratio of 11.23 and a beta of 0.76. The company has a current ratio of 1.00, a quick ratio of 1.03 and a debt-to-equity ratio of 0.89.

Washington Federal (NASDAQ:WAFDGet Rating) last announced its quarterly earnings results on Wednesday, July 13th. The bank reported $0.91 EPS for the quarter, beating the consensus estimate of $0.78 by $0.13. Washington Federal had a net margin of 31.21% and a return on equity of 11.50%. The company had revenue of $169.30 million for the quarter, compared to analyst estimates of $157.80 million. During the same quarter last year, the business earned $0.61 earnings per share. Washington Federal’s revenue was up 19.4% compared to the same quarter last year. Analysts anticipate that Washington Federal, Inc. will post 3.22 earnings per share for the current year.

Analyst Upgrades and Downgrades

Separately, DA Davidson set a $41.00 price target on shares of Washington Federal in a research note on Friday, July 15th.

Washington Federal Company Profile

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Washington Federal, Inc operates as the bank holding company for Washington Federal Bank, National Association that provides lending, depository, insurance, and other banking services in the United States. The company offers deposit products, including business and personal checking accounts, and term certificates of deposit, as well as money market accounts and passbook savings accounts.

Further Reading

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Institutional Ownership by Quarter for Washington Federal (NASDAQ:WAFD)

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