Bank of Montreal Can Purchases New Stake in Washington Federal Inc. (WAFD)
Bank of Montreal Can acquired a new stake in shares of Washington Federal Inc. (NASDAQ:WAFD) during the second quarter, Holdings Channel reports. The institutional investor acquired 147,319 shares of the company’s stock, valued at approximately $3,574,000.
Other large investors have also recently added to or reduced their stakes in the company. Panagora Asset Management Inc. increased its stake in Washington Federal by 28.7% in the first quarter. Panagora Asset Management Inc. now owns 326,047 shares of the company’s stock valued at $7,385,000 after buying an additional 72,727 shares in the last quarter. Metropolitan Life Insurance Co. NY increased its stake in Washington Federal by 3.7% in the first quarter. Metropolitan Life Insurance Co. NY now owns 149,590 shares of the company’s stock valued at $3,388,000 after buying an additional 5,330 shares in the last quarter. A.R.T. Advisors LLC purchased a new stake in Washington Federal during the first quarter valued at approximately $547,000. Jacobs Levy Equity Management Inc. increased its stake in Washington Federal by 3.4% in the first quarter. Jacobs Levy Equity Management Inc. now owns 174,722 shares of the company’s stock valued at $3,957,000 after buying an additional 5,720 shares in the last quarter. Finally, Renaissance Technologies LLC increased its stake in Washington Federal by 135.4% in the first quarter. Renaissance Technologies LLC now owns 724,376 shares of the company’s stock valued at $16,407,000 after buying an additional 416,600 shares in the last quarter. Hedge funds and other institutional investors own 83.11% of the company’s stock.
Washington Federal Inc. (NASDAQ:WAFD) traded up 0.95% on Friday, reaching $26.64. The company’s stock had a trading volume of 324,752 shares. The company’s 50 day moving average price is $26.54 and its 200-day moving average price is $24.93. The stock has a market cap of $2.41 billion, a PE ratio of 15.21 and a beta of 1.02. Washington Federal Inc. has a 12-month low of $19.11 and a 12-month high of $27.20.
Washington Federal (NASDAQ:WAFD) last released its quarterly earnings data on Thursday, July 14th. The company reported $0.47 earnings per share for the quarter, topping the consensus estimate of $0.43 by $0.04. Washington Federal had a return on equity of 8.49% and a net margin of 27.76%. On average, equities analysts expect that Washington Federal Inc. will post $1.73 EPS for the current year.
Separately, Zacks Investment Research cut Washington Federal from a “buy” rating to a “hold” rating in a research report on Thursday, August 4th.
Washington Federal Company Profile
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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