Commonwealth of Pennsylvania Public School Empls Retrmt SYS Purchases 39,874 Shares of Washington Federal, Inc. (NASDAQ:WAFD)

Posted by Defense World Staff on Aug 18th, 2023

Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its position in Washington Federal, Inc. (NASDAQ:WAFD – Free Report) by 135.7% during the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 69,263 shares of the bank’s stock after acquiring an additional 39,874 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS owned approximately 0.11% of Washington Federal worth $2,086,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of WAFD. Bank of New York Mellon Corp lifted its holdings in Washington Federal by 1.2% in the first quarter. Bank of New York Mellon Corp now owns 906,332 shares of the bank’s stock valued at $29,745,000 after acquiring an additional 11,031 shares during the period. Citigroup Inc. lifted its holdings in Washington Federal by 60.1% in the first quarter. Citigroup Inc. now owns 43,493 shares of the bank’s stock valued at $1,428,000 after acquiring an additional 16,323 shares during the period. Bank of Montreal Can lifted its holdings in Washington Federal by 120.1% in the first quarter. Bank of Montreal Can now owns 13,329 shares of the bank’s stock valued at $455,000 after acquiring an additional 7,274 shares during the period. MetLife Investment Management LLC lifted its holdings in Washington Federal by 39.7% in the first 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 during the period. Finally, BlackRock Inc. lifted its holdings in Washington Federal by 3.7% in the first quarter. BlackRock Inc. now owns 7,869,600 shares of the bank’s stock valued at $258,281,000 after acquiring an additional 278,963 shares during the period. Institutional investors own 86.64% of the company’s stock.

Washington Federal Stock Up 0.2 %

NASDAQ WAFD opened at $28.39 on Friday. The stock’s 50-day moving average price is $28.77 and its 200-day moving average price is $29.97. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 1.79. Washington Federal, Inc. has a 52 week low of $23.90 and a 52 week high of $39.17. The company has a market capitalization of $1.84 billion, a P/E ratio of 6.98 and a beta of 0.84.

Washington Federal (NASDAQ:WAFD – Get Free Report) last posted its quarterly earnings data on Friday, July 14th. The bank reported $0.89 EPS for the quarter, missing the consensus estimate of $0.94 by ($0.05). Washington Federal had a return on equity of 13.74% and a net margin of 27.74%. The company had revenue of $286.25 million during the quarter, compared to the consensus estimate of $187.43 million. During the same period last year, the business earned $0.91 EPS. On average, equities research analysts predict that Washington Federal, Inc. will post 3.91 earnings per share for the current year.

Washington Federal Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 8th. Investors of record on Friday, August 25th will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 3.52%. The ex-dividend date of this dividend is Thursday, August 24th. Washington Federal’s dividend payout ratio is currently 24.57%.

Analyst Ratings Changes

Separately, StockNews.com started coverage on Washington Federal in a research note on Thursday. They issued a “sell” rating on the stock.

Get Our Latest Stock Report on WAFD

Washington Federal Profile

(Free Report)

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.