Washington Federal Inc. (WAFD) Sees Strong Trading Volume
Shares of Washington Federal Inc. (NASDAQ:WAFD) saw unusually-strong trading volume on Thursday . Approximately 524,507 shares were traded during trading, an increase of 86% from the previous session’s volume of 281,735 shares.The stock last traded at $25.93 and had previously closed at $25.67.
Separately, Zacks Investment Research downgraded Washington Federal from a “buy” rating to a “hold” rating in a research note on Thursday, August 4th.
The stock has a market capitalization of $2.35 billion and a price-to-earnings ratio of 14.84. The stock’s 50 day moving average price is $25.02 and its 200-day moving average price is $23.59.
Washington Federal (NASDAQ:WAFD) last announced its quarterly earnings data on Thursday, July 14th. The company reported $0.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.43 by $0.04. Analysts anticipate that Washington Federal Inc. will post $1.73 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, August 19th. Stockholders of record on Friday, August 5th were paid a $0.14 dividend. This represents a $0.56 annualized dividend and a dividend yield of 2.16%. The ex-dividend date of this dividend was Wednesday, August 3rd.
An institutional investor recently raised its position in Washington Federal stock. New York State Common Retirement Fund boosted its stake in Washington Federal Inc. (NASDAQ:WAFD) by 2.3% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 208,800 shares of the company’s stock after buying an additional 4,700 shares during the period. New York State Common Retirement Fund owned 0.22% of Washington Federal worth $4,976,000 as of its most recent SEC filing.
Washington Federal, Inc is a bank holding company. The Company conducts its operations through a federally-insured national bank subsidiary, Washington Federal, National Association (the Bank). The Company’s principal activities consists of taking deposits from the public and investing these funds in loans of various types, including first lien mortgages on single-family dwellings, construction loans, land acquisition and development loans, loans on multi-family and other income producing properties, home equity loans and business loans.
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