New Mexico Educational Retirement Board lowered its position in shares of Washington Federal Inc. (NASDAQ:WAFD) by 14.6% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 16,900 shares of the bank’s stock after selling 2,900 shares during the quarter. New Mexico Educational Retirement Board’s holdings in Washington Federal were worth $451,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently bought and sold shares of the business. FMR LLC increased its stake in shares of Washington Federal by 18.3% during the 3rd quarter. FMR LLC now owns 2,115,522 shares of the bank’s stock worth $67,696,000 after purchasing an additional 327,783 shares during the last quarter. Frontier Capital Management Co. LLC grew its stake in Washington Federal by 9.0% in the 3rd quarter. Frontier Capital Management Co. LLC now owns 1,980,875 shares of the bank’s stock valued at $63,388,000 after buying an additional 163,057 shares in the last quarter. Brown Advisory Inc. grew its stake in Washington Federal by 25.3% in the 3rd quarter. Brown Advisory Inc. now owns 1,361,282 shares of the bank’s stock valued at $43,562,000 after buying an additional 274,693 shares in the last quarter. Panagora Asset Management Inc. grew its stake in Washington Federal by 3.7% in the 3rd quarter. Panagora Asset Management Inc. now owns 1,206,975 shares of the bank’s stock valued at $38,623,000 after buying an additional 42,561 shares in the last quarter. Finally, Janus Henderson Group PLC grew its stake in Washington Federal by 59.3% in the 3rd quarter. Janus Henderson Group PLC now owns 1,055,034 shares of the bank’s stock valued at $33,761,000 after buying an additional 392,860 shares in the last quarter. 87.39% of the stock is currently owned by hedge funds and other institutional investors.

WAFD opened at $29.20 on Monday. The firm has a market cap of $2.37 billion, a PE ratio of 12.17, a PEG ratio of 1.68 and a beta of 1.10. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 1.28. Washington Federal Inc. has a one year low of $24.67 and a one year high of $36.53.

Washington Federal (NASDAQ:WAFD) last released its quarterly earnings results on Monday, January 14th. The bank reported $0.65 EPS for the quarter, beating analysts’ consensus estimates of $0.61 by $0.04. Washington Federal had a net margin of 30.16% and a return on equity of 10.31%. The firm had revenue of $138.16 million during the quarter, compared to analyst estimates of $133.33 million. Sell-side analysts forecast that Washington Federal Inc. will post 2.49 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 22nd. Stockholders of record on Friday, February 8th will be issued a dividend of $0.20 per share. This is an increase from Washington Federal’s previous quarterly dividend of $0.18. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.74%. The ex-dividend date is Thursday, February 7th. Washington Federal’s payout ratio is currently 33.33%.

A number of research analysts recently weighed in on the stock. BidaskClub upgraded shares of Washington Federal from a “hold” rating to a “buy” rating in a research note on Thursday. Zacks Investment Research upgraded shares of Washington Federal from a “sell” rating to a “hold” rating in a research note on Monday, February 4th. Finally, TheStreet upgraded shares of Washington Federal from a “c+” rating to a “b-” rating in a research note on Thursday, January 24th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $35.75.

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Washington Federal Company Profile

Washington Federal, Inc operates as the bank holding company for Washington Federal, National Association that provides lending, depository, insurance, and other banking services in the United States. The company accepts deposit products, including 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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