Hsbc Holdings PLC boosted its holdings in shares of Washington Federal Inc. (NASDAQ:WAFD) by 29.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 206,577 shares of the bank’s stock after acquiring an additional 47,394 shares during the quarter. Hsbc Holdings PLC owned about 0.25% of Washington Federal worth $6,610,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the business. Stevens Capital Management LP acquired a new stake in shares of Washington Federal during the third quarter worth about $366,000. Fuller & Thaler Asset Management Inc. acquired a new stake in shares of Washington Federal during the third quarter worth about $5,382,000. Brown Advisory Inc. increased its position in shares of Washington Federal by 25.3% during the third quarter. Brown Advisory Inc. now owns 1,361,282 shares of the bank’s stock worth $43,562,000 after purchasing an additional 274,693 shares in the last quarter. Panagora Asset Management Inc. increased its position in shares of Washington Federal by 3.7% during the third quarter. Panagora Asset Management Inc. now owns 1,206,975 shares of the bank’s stock worth $38,623,000 after purchasing an additional 42,561 shares in the last quarter. Finally, D.A. Davidson & CO. increased its position in shares of Washington Federal by 4.8% during the third quarter. D.A. Davidson & CO. now owns 46,175 shares of the bank’s stock worth $1,478,000 after purchasing an additional 2,115 shares in the last quarter. 87.16% of the stock is owned by institutional investors.

Several brokerages recently issued reports on WAFD. BidaskClub upgraded Washington Federal from a “hold” rating to a “buy” rating in a research report on Friday, August 17th. ValuEngine upgraded Washington Federal from a “sell” rating to a “hold” rating in a research report on Tuesday, August 14th. Finally, Zacks Investment Research upgraded Washington Federal from a “hold” rating to a “buy” rating and set a $37.00 price target on the stock in a research report on Tuesday, September 18th. Three equities research analysts have rated the stock with a sell rating and four have given a hold rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $36.20.

Shares of WAFD stock opened at $27.57 on Friday. The stock has a market capitalization of $2.24 billion, a P/E ratio of 11.49, a P/E/G ratio of 1.57 and a beta of 1.16. Washington Federal Inc. has a 52-week low of $26.66 and a 52-week high of $37.70. The company has a debt-to-equity ratio of 1.17, a quick ratio of 1.03 and a current ratio of 1.03.

Washington Federal (NASDAQ:WAFD) last issued its quarterly earnings results on Tuesday, October 16th. The bank reported $0.62 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.62. The firm had revenue of $131.50 million for the quarter, compared to analysts’ expectations of $133.83 million. Washington Federal had a return on equity of 10.22% and a net margin of 31.31%. During the same quarter in the previous year, the firm posted $0.52 EPS. As a group, equities research analysts forecast that Washington Federal Inc. will post 2.5 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, November 23rd. Investors of record on Friday, November 9th were given a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 2.61%. The ex-dividend date of this dividend was Thursday, November 8th. Washington Federal’s dividend payout ratio (DPR) is presently 30.00%.

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About Washington Federal

Washington Federal, Inc operates as the bank holding company for Washington Federal, National Association that provides lending, depository, insurance, and other banking services to consumers, mid-sized and large businesses, and owners and developers of commercial real estate in the United States. The company accepts deposit products, such as business and personal checking accounts, and term certificates of deposit, as well as money market accounts and passbook savings accounts.

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

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