Arizona State Retirement System Cuts Stock Position in Washington Federal, Inc. (NASDAQ:WAFD)

Arizona State Retirement System cut its holdings in shares of Washington Federal, Inc. (NASDAQ:WAFDGet Rating) by 3.6% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 17,631 shares of the bank’s stock after selling 657 shares during the period. Arizona State Retirement System’s holdings in Washington Federal were worth $579,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Toth Financial Advisory Corp acquired a new position in shares of Washington Federal during the first quarter worth about $48,000. Quadrant Capital Group LLC grew its position in shares of Washington Federal by 12,006.3% during the fourth quarter. Quadrant Capital Group LLC now owns 1,937 shares of the bank’s stock worth $65,000 after buying an additional 1,921 shares in the last quarter. Nisa Investment Advisors LLC grew its position in shares of Washington Federal by 50.4% during the first quarter. Nisa Investment Advisors LLC now owns 3,760 shares of the bank’s stock worth $123,000 after buying an additional 1,260 shares in the last quarter. Investors Asset Management of Georgia Inc. GA ADV acquired a new position in shares of Washington Federal during the first quarter worth about $202,000. Finally, CAPROCK Group Inc. acquired a new position in shares of Washington Federal during the first quarter worth about $213,000. 80.52% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, DA Davidson set a $41.00 price target on Washington Federal in a report on Friday, July 15th.

Washington Federal Stock Performance

Shares of WAFD opened at $34.26 on Thursday. The stock has a 50 day moving average price of $31.61 and a 200 day moving average price of $32.86. The company has a quick ratio of 1.03, a current ratio of 1.00 and a debt-to-equity ratio of 0.89. The company has a market capitalization of $2.24 billion, a price-to-earnings ratio of 11.27 and a beta of 0.80. Washington Federal, Inc. has a 52-week low of $29.46 and a 52-week high of $38.06.

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

About Washington Federal

(Get Rating)

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

Want to see what other hedge funds are holding WAFD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Washington Federal, Inc. (NASDAQ:WAFDGet Rating).

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

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