Chevy Chase Trust Holdings Inc. reduced its position in Washington Federal Inc. (NASDAQ:WAFD) by 10.9% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 508,762 shares of the bank’s stock after selling 62,357 shares during the period. Chevy Chase Trust Holdings Inc.’s holdings in Washington Federal were worth $16,636,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Victory Capital Management Inc. lifted its stake in shares of Washington Federal by 15.9% in the 2nd quarter. Victory Capital Management Inc. now owns 13,684 shares of the bank’s stock valued at $447,000 after purchasing an additional 1,877 shares in the last quarter. Raymond James Financial Services Advisors Inc. lifted its stake in shares of Washington Federal by 70.8% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 12,155 shares of the bank’s stock valued at $397,000 after purchasing an additional 5,039 shares in the last quarter. Aperio Group LLC lifted its stake in shares of Washington Federal by 12.3% in the 2nd quarter. Aperio Group LLC now owns 28,851 shares of the bank’s stock valued at $943,000 after purchasing an additional 3,156 shares in the last quarter. Kiley Juergens Wealth Management LLC acquired a new position in shares of Washington Federal in the 2nd quarter valued at about $175,000. Finally, Boston Advisors LLC lifted its stake in shares of Washington Federal by 11.8% in the 2nd quarter. Boston Advisors LLC now owns 197,054 shares of the bank’s stock valued at $6,444,000 after purchasing an additional 20,745 shares in the last quarter. 84.80% of the stock is currently owned by institutional investors and hedge funds.

WAFD has been the topic of several research analyst reports. BidaskClub raised Washington Federal from a “hold” rating to a “buy” rating in a research note on Thursday, June 28th. Piper Jaffray Companies reaffirmed a “hold” rating and issued a $35.00 price objective on shares of Washington Federal in a research note on Thursday, April 12th. Royal Bank of Canada reaffirmed a “hold” rating and issued a $36.00 price objective on shares of Washington Federal in a research note on Thursday, April 12th. ValuEngine raised Washington Federal from a “sell” rating to a “hold” rating in a research note on Thursday, June 21st. Finally, Zacks Investment Research raised Washington Federal from a “strong sell” rating to a “hold” rating in a research note on Tuesday, June 12th. Two investment analysts have rated the stock with a sell rating and five have issued a hold rating to the stock. Washington Federal currently has an average rating of “Hold” and an average target price of $36.80.

Shares of NASDAQ:WAFD opened at $33.70 on Friday. The stock has a market cap of $2.82 billion, a P/E ratio of 17.37, a P/E/G ratio of 1.43 and a beta of 1.12. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 1.19. Washington Federal Inc. has a one year low of $29.80 and a one year high of $37.70.

Washington Federal (NASDAQ:WAFD) last announced its earnings results on Wednesday, July 18th. The bank reported $0.61 EPS for the quarter, beating the consensus estimate of $0.59 by $0.02. The business had revenue of $132.30 million for the quarter, compared to the consensus estimate of $131.70 million. Washington Federal had a return on equity of 9.93% and a net margin of 30.99%. During the same period last year, the business posted $0.49 EPS. equities analysts forecast that Washington Federal Inc. will post 2.37 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, August 24th. Investors of record on Friday, August 10th will be issued a dividend of $0.18 per share. This is an increase from Washington Federal’s previous quarterly dividend of $0.17. This represents a $0.72 annualized dividend and a dividend yield of 2.14%. The ex-dividend date of this dividend is Thursday, August 9th. Washington Federal’s dividend payout ratio (DPR) is presently 35.05%.

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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