Robeco Institutional Asset Management B.V. trimmed its stake in shares of Washington Federal, Inc. (NASDAQ:WAFD – Free Report) by 12.4% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 524,131 shares of the bank’s stock after selling 73,954 shares during the quarter. Robeco Institutional Asset Management B.V. owned approximately 0.80% of Washington Federal worth $13,900,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Handelsbanken Fonder AB increased its holdings in shares of Washington Federal by 147.6% during the first quarter. Handelsbanken Fonder AB now owns 27,174 shares of the bank’s stock worth $818,000 after buying an additional 16,200 shares in the last quarter. KBC Group NV grew its position in Washington Federal by 93.7% during the 1st quarter. KBC Group NV now owns 5,374 shares of the bank’s stock worth $162,000 after acquiring an additional 2,599 shares during the last quarter. Pictet Asset Management SA increased its holdings in Washington Federal by 18.5% in the 1st quarter. Pictet Asset Management SA now owns 8,808 shares of the bank’s stock worth $265,000 after purchasing an additional 1,376 shares in the last quarter. Knights of Columbus Asset Advisors LLC bought a new position in Washington Federal in the first quarter valued at about $2,241,000. Finally, LSV Asset Management boosted its stake in shares of Washington Federal by 2.7% during the first quarter. LSV Asset Management now owns 667,851 shares of the bank’s stock valued at $20,116,000 after purchasing an additional 17,500 shares in the last quarter. Institutional investors own 86.36% of the company’s stock.
Washington Federal Stock Performance
WAFD stock opened at $26.20 on Monday. The firm has a market cap of $1.70 billion, a PE ratio of 6.44 and a beta of 0.85. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 1.79. The stock has a 50-day moving average price of $27.46 and a 200-day moving average price of $27.86. Washington Federal, Inc. has a 1-year low of $23.90 and a 1-year high of $39.17.
Washington Federal Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Friday, September 8th. Investors of record on Friday, August 25th were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 3.82%. The ex-dividend date was Thursday, August 24th. Washington Federal’s dividend payout ratio is presently 24.57%.
Wall Street Analysts Forecast Growth
Separately, StockNews.com started coverage on shares of Washington Federal in a report on Thursday. They issued a “hold” rating for the company.
Get Our Latest Stock Analysis on WAFD
About Washington Federal
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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