Washington Federal, Inc. (NASDAQ:WAFD) Shares Sold by Great Lakes Advisors LLC

Posted by Defense World Staff on Aug 20th, 2023

Great Lakes Advisors LLC reduced its stake in Washington Federal, Inc. (NASDAQ:WAFD – Free Report) by 4.7% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 115,810 shares of the bank’s stock after selling 5,660 shares during the quarter. Great Lakes Advisors LLC owned about 0.18% of Washington Federal worth $3,488,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Bank of New York Mellon Corp raised its stake in shares of 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 worth $29,745,000 after purchasing an additional 11,031 shares during the last quarter. Citigroup Inc. lifted its stake in Washington Federal by 60.1% during the 1st 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 boosted its holdings in shares of Washington Federal by 120.1% in the 1st 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 last quarter. MetLife Investment Management LLC raised its holdings in shares of Washington Federal by 39.7% during the first quarter. MetLife Investment Management LLC now owns 75,272 shares of the bank’s stock worth $2,470,000 after purchasing an additional 21,388 shares during the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its position in Washington Federal by 10.7% during the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 23,904 shares of the bank’s stock valued at $785,000 after purchasing an additional 2,305 shares during the period. Hedge funds and other institutional investors own 86.64% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com initiated coverage on Washington Federal in a research report on Thursday. They set a “sell” rating on the stock.

Read Our Latest Stock Analysis on Washington Federal

Washington Federal Stock Up 1.1 %

WAFD stock opened at $28.70 on Friday. Washington Federal, Inc. has a one year low of $23.90 and a one year high of $39.17. The company has a debt-to-equity ratio of 1.79, a quick ratio of 1.14 and a current ratio of 1.14. The firm’s fifty day moving average is $28.76 and its 200 day moving average is $29.89. The firm has a market cap of $1.86 billion, a PE ratio of 7.05 and a beta of 0.84.

Washington Federal (NASDAQ:WAFD – Get Free Report) last posted its earnings results on Friday, July 14th. The bank reported $0.89 earnings per share (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 firm had revenue of $286.25 million for the quarter, compared to analysts’ expectations of $187.43 million. During the same period in the previous year, the company earned $0.91 earnings per share. On average, research analysts forecast that Washington Federal, Inc. will post 3.91 EPS for the current year.

Washington Federal Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 8th. Stockholders of record on Friday, August 25th will be given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.48%. The ex-dividend date of this dividend is Thursday, August 24th. Washington Federal’s dividend payout ratio (DPR) is presently 24.57%.

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.