Mitsubishi UFJ Trust & Banking Corp Buys 10,462 Shares of Washington Federal, Inc. (NASDAQ:WAFD)

Mitsubishi UFJ Trust & Banking Corp lifted its stake in Washington Federal, Inc. (NASDAQ:WAFDGet Rating) by 66.4% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 26,212 shares of the bank’s stock after purchasing an additional 10,462 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp’s holdings in Washington Federal were worth $787,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in the stock. Teacher Retirement System of Texas boosted its position in shares of Washington Federal by 2.5% in the 1st quarter. Teacher Retirement System of Texas now owns 13,417 shares of the bank’s stock worth $440,000 after purchasing an additional 331 shares in the last quarter. WINTON GROUP Ltd lifted its position in Washington Federal by 0.7% in the 1st quarter. WINTON GROUP Ltd now owns 51,649 shares of the bank’s stock valued at $1,695,000 after acquiring an additional 354 shares in the last quarter. Retirement Systems of Alabama lifted its position in Washington Federal by 0.5% in the 2nd quarter. Retirement Systems of Alabama now owns 86,032 shares of the bank’s stock valued at $2,583,000 after acquiring an additional 451 shares in the last quarter. State Board of Administration of Florida Retirement System lifted its position in Washington Federal by 1.1% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 43,406 shares of the bank’s stock valued at $1,425,000 after acquiring an additional 464 shares in the last quarter. Finally, D.A. Davidson & CO. lifted its position in Washington Federal by 1.2% in the 2nd quarter. D.A. Davidson & CO. now owns 42,021 shares of the bank’s stock valued at $1,261,000 after acquiring an additional 498 shares in the last quarter. 81.63% of the stock is owned by institutional investors.

Washington Federal Price Performance

Shares of WAFD opened at $34.25 on Monday. The firm has a market cap of $2.24 billion, a PE ratio of 10.10 and a beta of 0.89. The company has a current ratio of 1.03, a quick ratio of 1.00 and a debt-to-equity ratio of 1.08. The firm has a fifty day simple moving average of $34.29 and a two-hundred day simple moving average of $32.86. Washington Federal, Inc. has a 1-year low of $29.46 and a 1-year high of $39.17.

Washington Federal (NASDAQ:WAFDGet Rating) last announced its earnings results on Thursday, October 13th. The bank reported $1.07 earnings per share for the quarter, beating analysts’ consensus estimates of $0.91 by $0.16. The business had revenue of $186.60 million during the quarter, compared to analyst estimates of $174.10 million. Washington Federal had a net margin of 32.21% and a return on equity of 12.38%. The company’s quarterly revenue was up 23.2% compared to the same quarter last year. During the same period in the previous year, the business earned $0.72 EPS. On average, equities analysts anticipate that Washington Federal, Inc. will post 4.24 EPS for the current year.

Washington Federal Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 2nd. Stockholders of record on Friday, November 18th will be paid a $0.24 dividend. The ex-dividend date is Thursday, November 17th. This represents a $0.96 annualized dividend and a dividend yield of 2.80%. Washington Federal’s dividend payout ratio (DPR) is 28.32%.

Analyst Upgrades and Downgrades

WAFD has been the topic of several analyst reports. DA Davidson upped their price objective on Washington Federal from $38.00 to $43.00 and gave the company a “buy” rating in a research report on Monday, October 17th. StockNews.com raised Washington Federal from a “hold” rating to a “buy” rating in a research report on Friday, November 11th. Finally, Keefe, Bruyette & Woods boosted their target price on shares of Washington Federal from $41.00 to $48.00 and gave the company an “outperform” rating in a research note on Sunday, October 16th.

Washington Federal Company Profile

(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.

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

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