DA Davidson reiterated their hold rating on shares of Washington Federal (NASDAQ:WAFD) in a report released on Thursday morning. They currently have a $39.00 target price on the bank’s stock. DA Davidson also issued estimates for Washington Federal’s Q2 2018 earnings at $0.64 EPS and Q3 2018 earnings at $0.66 EPS.

A number of other brokerages also recently issued reports on WAFD. ValuEngine upgraded shares of Washington Federal from a hold rating to a buy rating in a research note on Friday, December 1st. Piper Jaffray Companies reiterated a hold rating and issued a $34.00 price target on shares of Washington Federal in a research note on Friday, October 6th. Royal Bank of Canada reiterated a hold rating and issued a $36.00 price target on shares of Washington Federal in a research note on Friday, October 20th. BidaskClub downgraded shares of Washington Federal from a hold rating to a sell rating in a research note on Friday, January 5th. Finally, Zacks Investment Research upgraded shares of Washington Federal from a hold rating to a buy rating and set a $40.00 price target for the company in a research note on Monday, October 23rd. Five investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The company has a consensus rating of Hold and a consensus price target of $37.40.

Shares of Washington Federal (NASDAQ WAFD) traded up $0.50 during mid-day trading on Thursday, hitting $37.15. 462,587 shares of the company were exchanged, compared to its average volume of 325,494. The company has a quick ratio of 1.02, a current ratio of 1.03 and a debt-to-equity ratio of 1.20. The firm has a market capitalization of $3,208.39, a PE ratio of 17.95, a P/E/G ratio of 1.73 and a beta of 1.15. Washington Federal has a 52-week low of $29.80 and a 52-week high of $37.30.

Washington Federal (NASDAQ:WAFD) last announced its quarterly earnings data on Wednesday, January 17th. The bank reported $0.59 earnings per share for the quarter, beating analysts’ consensus estimates of $0.51 by $0.08. The firm had revenue of $122.53 million during the quarter, compared to analysts’ expectations of $124.98 million. Washington Federal had a net margin of 30.20% and a return on equity of 9.14%. equities analysts forecast that Washington Federal will post 2.33 earnings per share for the current fiscal year.

Institutional investors have recently modified their holdings of the stock. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Washington Federal by 7.9% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,117 shares of the bank’s stock worth $137,000 after acquiring an additional 301 shares during the last quarter. Public Employees Retirement System of Ohio lifted its stake in Washington Federal by 1.1% in the second 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 during the last quarter. Acadian Asset Management LLC purchased a new position in Washington Federal in the fourth quarter worth approximately $199,000. Adviser Investments LLC purchased a new position in Washington Federal in the third quarter worth approximately $222,000. Finally, Raymond James Financial Services Advisors Inc. lifted its stake in Washington Federal by 1.9% in the second 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 during the last quarter. Institutional investors own 83.23% of the company’s stock.

WARNING: “Washington Federal’s (WAFD) “Hold” Rating Reiterated at DA Davidson” was originally published by TheOlympiaReport and is owned by of TheOlympiaReport. If you are viewing this article on another domain, it was illegally copied and republished in violation of U.S. and international trademark and copyright law. The legal version of this article can be viewed at https://theolympiareport.com/2018/01/21/washington-federals-wafd-hold-rating-reiterated-at-da-davidson.html.

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 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.

Receive News & Ratings for Washington Federal Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Washington Federal and related companies with MarketBeat.com's FREE daily email newsletter.