OxFORD Asset Management LLP Trims Holdings in Washington Federal, Inc. (WAFD)
OxFORD Asset Management LLP reduced its position in shares of Washington Federal, Inc. (NASDAQ:WAFD) by 24.9% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 34,327 shares of the bank’s stock after selling 11,372 shares during the quarter. OxFORD Asset Management LLP’s holdings in Washington Federal were worth $1,165,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Zurcher Kantonalbank Zurich Cantonalbank increased 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 worth $137,000 after purchasing an additional 301 shares during the period. Public Employees Retirement System of Ohio increased its holdings in Washington Federal by 1.1% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 5,522 shares of the bank’s stock worth $183,000 after purchasing an additional 62 shares during the period. Koch Industries Inc. purchased a new position in Washington Federal during the 2nd quarter worth $213,000. Raymond James Financial Services Advisors Inc. increased its holdings in Washington Federal by 1.9% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 6,641 shares of the bank’s stock worth $220,000 after purchasing an additional 127 shares during the period. Finally, Brighton Jones LLC purchased a new position in Washington Federal during the 2nd quarter worth $221,000. Institutional investors own 83.23% of the company’s stock.
Several research analysts have commented on WAFD shares. Zacks Investment Research upgraded Washington Federal from a “hold” rating to a “buy” rating and set a $35.00 price objective on the stock in a report on Friday, September 1st. ValuEngine downgraded Washington Federal from a “buy” rating to a “hold” rating in a report on Thursday, September 7th. Royal Bank of Canada restated a “hold” rating and set a $35.00 price objective on shares of Washington Federal in a report on Friday, September 8th. Finally, Piper Jaffray Companies restated a “hold” rating and set a $34.00 price objective on shares of Washington Federal in a report on Friday, October 6th. One analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $36.00.
Washington Federal (NASDAQ:WAFD) last announced its quarterly earnings results on Wednesday, October 18th. The bank reported $0.52 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.49 by $0.03. Washington Federal had a return on equity of 8.63% and a net margin of 28.87%. The business had revenue of $128.69 million for the quarter, compared to the consensus estimate of $121.46 million. sell-side analysts anticipate that Washington Federal, Inc. will post 2.07 earnings per share for the current fiscal year.
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Washington Federal 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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