Washington Federal, Inc. (NASDAQ:WAFD) EVP Kim E. Robison Sells 7,148 Shares

Washington Federal, Inc. (NASDAQ:WAFD – Get Rating) EVP Kim E. Robison sold 7,148 shares of the stock in a transaction on Monday, January 23rd. The shares were sold at an average price of $34.00, for a total value of $243,032.00. Following the completion of the transaction, the executive vice president now directly owns 56,344 shares in 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 website.

Washington Federal Stock Performance

Shares of Washington Federal stock opened at $33.63 on Wednesday. The company has a market capitalization of $2.20 billion, a PE ratio 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 fifty 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. Shareholders of record on Friday, November 18th were issued a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 2.85%. The ex-dividend date was Thursday, November 17th. Washington Federal’s dividend payout ratio (DPR) is presently 25.00%.

Analyst Ratings Changes

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

Hedge Funds Weigh In 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 holdings in Washington Federal by 1.2% during the 1st quarter. Bank of New York Mellon Corp now owns 906,332 shares of the bank’s stock worth $29,745,000 after purchasing an additional 11,031 shares in the last quarter. Citigroup Inc. increased its holdings in Washington Federal by 60.1% during the 1st quarter. Citigroup Inc. now owns 43,493 shares of the bank’s stock worth $1,428,000 after purchasing an additional 16,323 shares in the last quarter. Bank of Montreal Can increased its holdings in Washington Federal by 120.1% during the 1st quarter. Bank of Montreal Can now owns 13,329 shares of the bank’s stock worth $455,000 after purchasing an additional 7,274 shares in the last quarter. MetLife Investment Management LLC grew its holdings in shares of Washington Federal by 39.7% in the 1st quarter. MetLife Investment Management LLC now owns 75,272 shares of the bank’s stock valued at $2,470,000 after acquiring an additional 21,388 shares in the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its holdings in shares of Washington Federal by 10.7% in the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 23,904 shares of the bank’s stock valued at $785,000 after acquiring an additional 2,305 shares in the last quarter. Institutional investors own 80.35% of the company’s stock.

About Washington Federal

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Washington Federal, Inc operates as the bank holding company for Washington Federal Bank 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.