Strs Ohio raised its position in shares of Washington Federal Inc. (NASDAQ:WAFD) by 10.3% during the second quarter, Holdings Channel reports. The fund owned 45,100 shares of the company’s stock after buying an additional 4,200 shares during the period. Strs Ohio’s holdings in Washington Federal were worth $1,094,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors have also made changes to their positions in WAFD. Foundry Partners LLC acquired a new position in shares of Washington Federal during the second quarter worth about $12,336,000. Renaissance Technologies LLC increased its position in Washington Federal by 135.4% in the first quarter. Renaissance Technologies LLC now owns 724,376 shares of the company’s stock worth $16,407,000 after buying an additional 416,600 shares in the last quarter. Investec Asset Management LTD increased its position in Washington Federal by 16.4% in the first quarter. Investec Asset Management LTD now owns 2,052,930 shares of the company’s stock worth $46,499,000 after buying an additional 289,742 shares in the last quarter. Chevy Chase Trust Holdings Inc. increased its position in Washington Federal by 18.5% in the second quarter. Chevy Chase Trust Holdings Inc. now owns 1,273,797 shares of the company’s stock worth $30,903,000 after buying an additional 199,102 shares in the last quarter. Finally, State Street Corp increased its position in Washington Federal by 5.2% in the first quarter. State Street Corp now owns 3,909,202 shares of the company’s stock worth $88,548,000 after buying an additional 194,894 shares in the last quarter. 83.11% of the stock is currently owned by hedge funds and other institutional investors.
Washington Federal Inc. (NASDAQ:WAFD) traded up 0.95% on Friday, hitting $26.64. The stock had a trading volume of 324,752 shares. Washington Federal Inc. has a 52-week low of $19.11 and a 52-week high of $27.20. The company has a market cap of $2.41 billion, a price-to-earnings ratio of 15.21 and a beta of 1.02. The company has a 50 day moving average price of $26.54 and a 200-day moving average price of $24.93.
Washington Federal (NASDAQ:WAFD) last announced its quarterly earnings results on Thursday, July 14th. The company reported $0.47 earnings per share (EPS) for the quarter, beating 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, equities research analysts predict that Washington Federal Inc. will post $1.73 earnings per share for the current year.
Separately, Zacks Investment Research raised Washington Federal from a “hold” rating to a “buy” rating and set a $28.00 target price on the stock in a report on Monday, July 18th.
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.