Washington Federal Inc. (WAFD) Stake Cut by Louisiana State Employees Retirement System
Louisiana State Employees Retirement System cut its stake in shares of Washington Federal Inc. (NASDAQ:WAFD) by 4.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 24,200 shares of the company’s stock after selling 1,200 shares during the period. Louisiana State Employees Retirement System’s holdings in Washington Federal were worth $587,000 at the end of the most recent quarter.
Other institutional investors have also modified their holdings of the company. LS Investment Advisors LLC raised its stake in shares of Washington Federal by 75.8% in the second quarter. LS Investment Advisors LLC now owns 5,426 shares of the company’s stock worth $132,000 after buying an additional 2,339 shares in the last quarter. Virginia Retirement System purchased a new stake in shares of Washington Federal during the first quarter worth $396,000. A.R.T. Advisors LLC purchased a new stake in shares of Washington Federal during the first quarter worth $547,000. Nordea Investment Management AB raised its stake in shares of Washington Federal by 267.2% in the second quarter. Nordea Investment Management AB now owns 26,873 shares of the company’s stock worth $652,000 after buying an additional 19,555 shares in the last quarter. Finally, BNP Paribas Arbitrage SA raised its stake in shares of Washington Federal by 66,176.1% in the second quarter. BNP Paribas Arbitrage SA now owns 47,056 shares of the company’s stock worth $1,142,000 after buying an additional 46,985 shares in the last quarter. Institutional investors own 83.11% of the company’s stock.
Shares of 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 stock has a 50 day moving average of $26.54 and a 200-day moving average of $24.93. Washington Federal Inc. has a 12 month low of $19.11 and a 12 month high of $27.20. The firm has a market cap of $2.41 billion, a price-to-earnings ratio of 15.21 and a beta of 1.02.
Washington Federal (NASDAQ:WAFD) last issued its quarterly earnings data on Thursday, July 14th. The company reported $0.47 earnings per share (EPS) for the quarter, topping the Zacks’ 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, analysts anticipate that Washington Federal Inc. will post $1.73 EPS for the current year.
Separately, Zacks Investment Research upgraded Washington Federal from a “hold” rating to a “buy” rating and set a $28.00 price objective on the stock in a research report on Monday, July 18th.
About Washington Federal
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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