Washington Federal (NASDAQ:WAFD) was upgraded by stock analysts at BidaskClub from a “sell” rating to a “hold” rating in a report released on Tuesday.

Several other equities analysts also recently commented on WAFD. Zacks Investment Research downgraded shares of Washington Federal from a “buy” rating to a “hold” rating in a report on Monday, September 18th. ValuEngine upgraded shares of Washington Federal from a “hold” rating to a “buy” rating in a report on Tuesday, September 26th. Piper Jaffray Companies reiterated a “hold” rating and set a $34.00 price target on shares of Washington Federal in a report on Friday, October 6th. Finally, Royal Bank of Canada reiterated a “hold” rating and set a $36.00 price target on shares of Washington Federal in a report on Friday, October 20th. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $36.00.

Washington Federal (WAFD) opened at $36.90 on Tuesday. The company has a market cap of $3,094.08, a PE ratio of 19.02, a P/E/G ratio of 1.66 and a beta of 1.15. Washington Federal has a fifty-two week low of $29.80 and a fifty-two week high of $36.95. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 1.11.

Washington Federal (NASDAQ:WAFD) last issued its quarterly earnings results on Wednesday, October 18th. The bank reported $0.52 EPS for the quarter, beating the consensus estimate of $0.49 by $0.03. The company had revenue of $128.69 million for the quarter, compared to the consensus estimate of $121.46 million. Washington Federal had a net margin of 28.87% and a return on equity of 8.63%. equities analysts predict that Washington Federal will post 2.14 earnings per share for the current fiscal year.

Large investors have recently modified their holdings of the stock. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Washington Federal by 7.9% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,117 shares of the bank’s stock valued at $137,000 after purchasing an additional 301 shares during the last quarter. Public Employees Retirement System of Ohio grew its stake in Washington Federal by 1.1% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 5,522 shares of the bank’s stock worth $183,000 after acquiring an additional 62 shares in the last quarter. Adviser Investments LLC bought a new position in Washington Federal in the 3rd quarter worth about $222,000. Raymond James Financial Services Advisors Inc. grew its stake in Washington Federal by 1.9% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 6,641 shares of the bank’s stock worth $220,000 after acquiring an additional 127 shares in the last quarter. Finally, Shelton Capital Management bought a new position in Washington Federal in the 2nd quarter worth about $225,000. Institutional investors own 83.23% of the company’s stock.

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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 business of the Bank consists primarily of accepting deposits from the general 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, commercial real estate and other income producing properties, home equity loans and business loans.

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