Geode Capital Management LLC Increases Position in Washington Federal Inc. (NASDAQ:WAFD)

Geode Capital Management LLC boosted its stake in Washington Federal Inc. (NASDAQ:WAFD) by 6.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 955,671 shares of the bank’s stock after purchasing an additional 58,527 shares during the period. Geode Capital Management LLC owned about 1.18% of Washington Federal worth $25,525,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in WAFD. Norges Bank bought a new stake in Washington Federal during the fourth quarter valued at about $28,516,000. BW Gestao de Investimentos Ltda. boosted its stake in shares of Washington Federal by 2.4% in the fourth quarter. BW Gestao de Investimentos Ltda. now owns 31,412 shares of the bank’s stock worth $839,000 after acquiring an additional 737 shares during the period. Nordea Investment Management AB boosted its stake in shares of Washington Federal by 10.2% in the fourth quarter. Nordea Investment Management AB now owns 150,914 shares of the bank’s stock worth $4,031,000 after acquiring an additional 13,925 shares during the period. Context BH Capital Management LP boosted its stake in shares of Washington Federal by 71.6% in the fourth quarter. Context BH Capital Management LP now owns 75,213 shares of the bank’s stock worth $2,009,000 after acquiring an additional 31,373 shares during the period. Finally, Millennium Management LLC boosted its stake in shares of Washington Federal by 24.2% in the fourth quarter. Millennium Management LLC now owns 280,316 shares of the bank’s stock worth $7,487,000 after acquiring an additional 54,625 shares during the period. 84.39% of the stock is currently owned by institutional investors and hedge funds.

Washington Federal stock traded down $0.18 during midday trading on Monday, reaching $34.75. 339,900 shares of the stock traded hands, compared to its average volume of 397,167. The business’s fifty day moving average price is $32.72. Washington Federal Inc. has a 12 month low of $24.67 and a 12 month high of $35.34. The company has a market cap of $2.81 billion, a PE ratio of 14.53, a P/E/G ratio of 1.95 and a beta of 1.15. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 1.30.

Washington Federal (NASDAQ:WAFD) last announced its quarterly earnings results on Monday, April 15th. The bank reported $0.63 EPS for the quarter, beating analysts’ consensus estimates of $0.61 by $0.02. Washington Federal had a return on equity of 10.39% and a net margin of 29.61%. The company had revenue of $132.88 million during the quarter, compared to analyst estimates of $133.44 million. During the same period in the prior year, the company earned $0.57 earnings per share. As a group, research analysts predict that Washington Federal Inc. will post 2.56 EPS for the current fiscal year.

A number of equities analysts have recently weighed in on the company. BidaskClub lowered Washington Federal from a “buy” rating to a “hold” rating in a research note on Thursday, March 14th. ValuEngine raised Washington Federal from a “sell” rating to a “hold” rating in a research note on Tuesday, April 16th. Finally, Zacks Investment Research raised Washington Federal from a “sell” rating to a “hold” rating in a research note on Monday, March 4th. Three equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $36.00.

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 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.

Read More: Diluted Earnings Per Share

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

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