DA Davidson Raises Washington Federal Price Target (NASDAQ:WAFD) to $41.00

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Washington Federal (NASDAQ:WAFD – Get an Assessment) had its price target raised by DA Davidson from $39.00 to $41.00 in a report on Friday, reports The Fly. DA Davidson also released estimates for Washington Federal’s fourth quarter 2022 earnings at $0.89 EPS, fiscal year 2022 earnings at $3.17 EPS, and fiscal year 2023 earnings at $3.60. EPS.

Separately, StockNews.com began covering Washington Federal in a research note on Thursday, March 31. They have set a holding rating on the stock.

Washington Federal Trade up 3.6%

Shares of WAFD opened at $31.69 on Friday. The stock’s 50-day moving average is $31.08 and its two-hundred-day moving average is $33.03. The stock has a market capitalization of $2.07 billion, a PE ratio of 10.42 and a beta of 0.76. Washington Federal has a 12-month low of $29.46 and a 12-month high of $38.06. The company has a debt ratio of 0.89, a current ratio of 1.00 and a quick ratio of 1.03.

Washington Federal (NASDAQ:WAFD – Get Rating) last released its quarterly earnings data on Wednesday, July 13. The bank reported EPS of $0.91 for the quarter, beating analyst consensus estimates of $0.78 by $0.13. The company posted revenue of $169.30 million for the quarter, compared to $157.80 million expected by analysts. Washington Federal had a return on equity of 11.50% and a net margin of 31.21%. The company’s quarterly revenue increased 19.4% year over year. In the same quarter a year earlier, the company posted earnings per share of $0.61. Stock analysts expect Washington Federal to post earnings per share of 3.22 for the current fiscal year.

Washington Federal Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, June 3. Investors of record on Friday, May 20 received a dividend of $0.24. This represents an annualized dividend of $0.96 and a dividend yield of 3.03%. The ex-dividend date was Thursday, May 19. Washington Federal’s dividend payout ratio (DPR) is 31.58%.

Institutional entries and exits

Institutional investors have recently changed their stake in the company. Toth Financial Advisory Corp acquired a new position in Washington Federal shares in the first quarter worth about $48,000. Quadrant Capital Group LLC increased its holdings in Washington Federal by 12,006.3% in the fourth quarter. Quadrant Capital Group LLC now owns 1,937 shares of the bank valued at $65,000 after buying 1,921 additional shares in the last quarter. Point72 Hong Kong Ltd bought a new stake in Washington Federal in the first quarter, valued at around $82,000. Marshall & Sullivan Inc. WA bought a new stake in Washington Federal in the second quarter, valued at around $94,000. Finally, Nisa Investment Advisors LLC increased its stake in Washington Federal by 50.4% in the first quarter. Nisa Investment Advisors LLC now owns 3,760 shares of the bank valued at $123,000 after buying an additional 1,260 shares in the last quarter. Institutional investors and hedge funds hold 80.52% of the company’s shares.

About the Washington Federal Government

(Get a rating)

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

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