JPMorgan Chase & Co. Grows Position in Washington Federal, Inc. (NASDAQ:WAFD)

JPMorgan Chase & Co. raised its holdings in Washington Federal, Inc. (NASDAQ:WAFDGet Rating) by 9.5% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 656,096 shares of the bank’s stock after acquiring an additional 57,046 shares during the period. JPMorgan Chase & Co. owned approximately 1.00% of Washington Federal worth $21,534,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Jackson Creek Investment Advisors LLC raised its holdings in shares of Washington Federal by 6.7% in the 1st quarter. Jackson Creek Investment Advisors LLC now owns 32,301 shares of the bank’s stock valued at $1,060,000 after acquiring an additional 2,032 shares in the last quarter. Congress Asset Management Co. MA increased its position in shares of Washington Federal by 6.3% during the 1st quarter. Congress Asset Management Co. MA now owns 213,076 shares of the bank’s stock valued at $6,993,000 after purchasing an additional 12,534 shares during the last quarter. Versor Investments LP increased its position in shares of Washington Federal by 59.9% during the 1st quarter. Versor Investments LP now owns 10,154 shares of the bank’s stock valued at $333,000 after purchasing an additional 3,802 shares during the last quarter. Renaissance Technologies LLC increased its position in shares of Washington Federal by 5.6% during the 4th quarter. Renaissance Technologies LLC now owns 307,576 shares of the bank’s stock valued at $10,267,000 after purchasing an additional 16,200 shares during the last quarter. Finally, Citigroup Inc. increased its position in shares of Washington Federal by 52.7% during the 4th quarter. Citigroup Inc. now owns 27,170 shares of the bank’s stock valued at $907,000 after purchasing an additional 9,380 shares during the last quarter. Hedge funds and other institutional investors own 81.63% of the company’s stock.

Washington Federal Price Performance

Shares of Washington Federal stock opened at $31.53 on Monday. The business’s 50-day moving average price is $32.65 and its 200-day moving average price is $32.67. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.89. Washington Federal, Inc. has a 12 month low of $29.46 and a 12 month high of $38.06. The firm has a market capitalization of $2.06 billion, a PE ratio of 10.37 and a beta of 0.80.

Washington Federal (NASDAQ:WAFDGet Rating) last posted its quarterly earnings results on Wednesday, July 13th. The bank reported $0.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.79 by $0.12. Washington Federal had a return on equity of 11.50% and a net margin of 31.21%. The business had revenue of $169.30 million for the quarter, compared to analyst estimates of $157.80 million. During the same period last year, the company earned $0.61 EPS. Washington Federal’s revenue for the quarter was up 19.4% compared to the same quarter last year. Sell-side analysts forecast that Washington Federal, Inc. will post 3.22 EPS for the current fiscal year.

Washington Federal Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 2nd. Investors of record on Friday, August 19th were given a dividend of $0.24 per share. The ex-dividend date of this dividend was Thursday, August 18th. This represents a $0.96 annualized dividend and a yield of 3.04%. Washington Federal’s payout ratio is 31.58%.

Wall Street Analyst Weigh In

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

Washington Federal 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.

See Also

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

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