Bank of Montreal Can increased its stake in Washington Federal Inc. (NASDAQ:WAFD) by 27.8% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 54,091 shares of the bank’s stock after buying an additional 11,753 shares during the quarter. Bank of Montreal Can’s holdings in Washington Federal were worth $1,730,000 as of its most recent filing with the SEC.

Several other hedge funds also recently bought and sold shares of WAFD. Tower Research Capital LLC TRC boosted its holdings in Washington Federal by 79.2% in the second quarter. Tower Research Capital LLC TRC now owns 3,806 shares of the bank’s stock valued at $124,000 after purchasing an additional 1,682 shares during the last quarter. Alpha Windward LLC boosted its holdings in Washington Federal by 12.2% in the second quarter. Alpha Windward LLC now owns 16,544 shares of the bank’s stock valued at $541,000 after purchasing an additional 1,800 shares during the last quarter. Victory Capital Management Inc. boosted its holdings in Washington Federal by 15.9% in the second 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 during the last quarter. Gamco Investors INC. ET AL boosted its holdings in Washington Federal by 28.6% in the second quarter. Gamco Investors INC. ET AL now owns 9,000 shares of the bank’s stock valued at $294,000 after purchasing an additional 2,000 shares during the last quarter. Finally, Aperio Group LLC boosted its holdings in Washington Federal by 12.3% in the second 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 during the last quarter. Institutional investors and hedge funds own 84.27% of the company’s stock.

NASDAQ:WAFD opened at $27.67 on Friday. The company has a debt-to-equity ratio of 1.17, a quick ratio of 1.03 and a current ratio of 1.03. Washington Federal Inc. has a 52 week low of $26.66 and a 52 week high of $37.70. The company has a market cap of $2.36 billion, a price-to-earnings ratio of 11.53, a PEG ratio of 1.61 and a beta of 1.15.

Washington Federal (NASDAQ:WAFD) last released its earnings results on Tuesday, October 16th. The bank reported $0.62 EPS for the quarter, hitting analysts’ consensus estimates of $0.62. Washington Federal had a return on equity of 10.22% and a net margin of 31.31%. The company had revenue of $131.50 million for the quarter, compared to the consensus estimate of $133.83 million. During the same quarter last year, the business posted $0.52 EPS. On average, research analysts forecast that Washington Federal Inc. will post 2.5 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, November 23rd. Shareholders of record on Friday, November 9th will be issued a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 2.60%. The ex-dividend date is Thursday, November 8th. Washington Federal’s dividend payout ratio is presently 30.00%.

A number of research analysts recently commented on the company. BidaskClub downgraded Washington Federal from a “hold” rating to a “sell” rating in a report on Monday, November 5th. ValuEngine downgraded Washington Federal from a “sell” rating to a “strong sell” rating in a report on Thursday, November 1st. Finally, Zacks Investment Research downgraded Washington Federal from a “hold” rating to a “sell” rating in a report on Monday, October 15th. Three analysts have rated the stock with a sell rating and four have issued a hold rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $36.20.

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Washington Federal Profile

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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