Oregon Public Employees Retirement Fund Sells 2,165 Shares of Washington Federal Inc. (NASDAQ:WAFD)

Oregon Public Employees Retirement Fund reduced its stake in Washington Federal Inc. (NASDAQ:WAFD) by 6.2% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 32,761 shares of the bank’s stock after selling 2,165 shares during the quarter. Oregon Public Employees Retirement Fund’s holdings in Washington Federal were worth $1,144,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of WAFD. Geode Capital Management LLC lifted its stake in Washington Federal by 6.5% in the 4th quarter. Geode Capital Management LLC now owns 955,671 shares of the bank’s stock valued at $25,525,000 after purchasing an additional 58,527 shares during the last quarter. Mason Street Advisors LLC lifted its stake in Washington Federal by 1.0% in the 1st quarter. Mason Street Advisors LLC now owns 43,133 shares of the bank’s stock valued at $1,246,000 after purchasing an additional 445 shares during the last quarter. DekaBank Deutsche Girozentrale bought a new position in Washington Federal in the 1st quarter valued at approximately $816,000. Hillcrest Asset Management LLC lifted its stake in Washington Federal by 36.2% in the 1st quarter. Hillcrest Asset Management LLC now owns 279,311 shares of the bank’s stock valued at $8,069,000 after purchasing an additional 74,211 shares during the last quarter. Finally, SG Americas Securities LLC bought a new position in Washington Federal in the 1st quarter valued at approximately $344,000. 84.73% of the stock is currently owned by institutional investors and hedge funds.

NASDAQ WAFD traded down $0.80 on Wednesday, hitting $34.08. The company’s stock had a trading volume of 86,741 shares, compared to its average volume of 492,589. The company has a debt-to-equity ratio of 1.24, a quick ratio of 1.03 and a current ratio of 1.03. Washington Federal Inc. has a 1-year low of $24.67 and a 1-year high of $37.25. The stock’s 50-day simple moving average is $34.91. The company has a market capitalization of $2.80 billion, a price-to-earnings ratio of 14.20, a PEG ratio of 1.94 and a beta of 1.14.

Washington Federal (NASDAQ:WAFD) last posted its quarterly earnings data on Tuesday, July 16th. The bank reported $0.67 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.64 by $0.03. Washington Federal had a net margin of 29.19% and a return on equity of 10.47%. The company had revenue of $135.71 million during the quarter, compared to analysts’ expectations of $134.17 million. As a group, research analysts expect that Washington Federal Inc. will post 2.61 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, August 23rd. Shareholders of record on Friday, August 9th will be issued a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 2.47%. This is a boost from Washington Federal’s previous quarterly dividend of $0.20. The ex-dividend date is Thursday, August 8th. Washington Federal’s dividend payout ratio (DPR) is presently 33.33%.

Several brokerages recently commented on WAFD. ValuEngine raised shares of Washington Federal from a “sell” rating to a “hold” rating in a research note on Tuesday, April 16th. BidaskClub upgraded shares of Washington Federal from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, July 2nd. Finally, Piper Jaffray Companies set a $34.00 price target on shares of Washington Federal and gave the company a “hold” rating in a research report on Monday, July 8th. Three research analysts have rated the stock with a hold rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $35.50.

Washington Federal Company Profile

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

See Also: Return on Equity (ROE)

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Institutional Ownership by Quarter for Washington Federal (NASDAQ:WAFD)

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