Systematic Financial Management LP lessened its position in Washington Federal Inc. (NASDAQ:WAFD) by 32.4% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 749,310 shares of the bank’s stock after selling 358,419 shares during the period. Systematic Financial Management LP owned about 0.90% of Washington Federal worth $24,502,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. BlackRock Inc. lifted its stake in shares of Washington Federal by 6.4% in the first quarter. BlackRock Inc. now owns 10,496,452 shares of the bank’s stock worth $363,179,000 after buying an additional 627,303 shares in the last quarter. Frontier Capital Management Co. LLC lifted its stake in shares of Washington Federal by 5.3% in the first quarter. Frontier Capital Management Co. LLC now owns 1,882,057 shares of the bank’s stock worth $65,119,000 after buying an additional 95,052 shares in the last quarter. Principal Financial Group Inc. lifted its stake in shares of Washington Federal by 12.3% in the first quarter. Principal Financial Group Inc. now owns 1,301,596 shares of the bank’s stock worth $45,035,000 after buying an additional 142,766 shares in the last quarter. Brown Advisory Inc. bought a new position in shares of Washington Federal in the first quarter worth approximately $33,149,000. Finally, Allianz Asset Management GmbH lifted its stake in shares of Washington Federal by 2.1% in the first quarter. Allianz Asset Management GmbH now owns 863,983 shares of the bank’s stock worth $29,894,000 after buying an additional 17,697 shares in the last quarter. Hedge funds and other institutional investors own 84.54% of the company’s stock.

WAFD opened at $34.48 on Friday. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.03 and a quick ratio of 1.03. Washington Federal Inc. has a twelve month low of $29.80 and a twelve month high of $37.70. The company has a market cap of $2.79 billion, a PE ratio of 17.77, a P/E/G ratio of 1.41 and a beta of 1.12.

Washington Federal (NASDAQ:WAFD) last released its quarterly earnings data on Wednesday, July 18th. The bank reported $0.61 earnings per share for the quarter, beating the consensus estimate of $0.59 by $0.02. Washington Federal had a net margin of 30.99% and a return on equity of 9.93%. The firm had revenue of $132.30 million during the quarter, compared to analysts’ expectations of $131.70 million. During the same period in the previous year, the company earned $0.49 earnings per share. research analysts predict that Washington Federal Inc. will post 2.37 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 24th. Stockholders of record on Friday, August 10th will be issued a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 2.09%. This is a boost from Washington Federal’s previous quarterly dividend of $0.17. The ex-dividend date is Thursday, August 9th. Washington Federal’s payout ratio is presently 37.11%.

Several research analysts have recently issued reports on WAFD shares. BidaskClub downgraded shares of Washington Federal from a “hold” rating to a “sell” rating in a research note on Friday, April 20th. ValuEngine upgraded shares of Washington Federal from a “sell” rating to a “hold” rating in a research note on Thursday, May 17th. Zacks Investment Research upgraded shares of Washington Federal from a “strong sell” rating to a “hold” rating in a research note on Tuesday, June 12th. Finally, Royal Bank of Canada reiterated a “hold” rating and issued a $35.00 target price on shares of Washington Federal in a research note on Friday, July 20th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $36.80.

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.

Featured Story: What are the Different Types of Leveraged Buyouts?

Want to see what other hedge funds are holding WAFD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Washington Federal Inc. (NASDAQ:WAFD).

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

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.