Victory Capital Management Inc. Buys 898 Shares of Washington Federal, Inc. (NASDAQ:WAFD)

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Victory Capital Management Inc. grew its stake in shares of Washington Federal, Inc. (NASDAQ:WAFD) by 0.9% in the third quarter, according to the company in its most recent filing with the SEC. The firm owned 106,502 shares of the bank’s stock after acquiring an additional 898 shares during the quarter. Victory Capital Management Inc. owned about 0.16% of Washington Federal worth $3,654,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Toronto Dominion Bank raised its holdings in shares of Washington Federal by 50.7% during the 2nd quarter. Toronto Dominion Bank now owns 1,873 shares of the bank’s stock worth $60,000 after buying an additional 630 shares in the last quarter. Maverick Capital Ltd. raised its holdings in shares of Washington Federal by 28.7% during the 2nd quarter. Maverick Capital Ltd. now owns 5,091 shares of the bank’s stock worth $162,000 after buying an additional 1,136 shares in the last quarter. Madison Wealth Management acquired a new position in shares of Washington Federal during the 2nd quarter worth $203,000. Virginia Retirement Systems ET AL acquired a new position in shares of Washington Federal during the 2nd quarter worth $203,000. Finally, Liberty Wealth Management LLC raised its holdings in shares of Washington Federal by 3,078.2% during the 2nd quarter. Liberty Wealth Management LLC now owns 6,992 shares of the bank’s stock worth $220,000 after buying an additional 6,772 shares in the last quarter. Hedge funds and other institutional investors own 82.92% of the company’s stock.

Shares of WAFD stock opened at $36.01 on Friday. The stock has a market cap of $2.35 billion, a price-to-earnings ratio of 15.00 and a beta of 0.86. The stock has a 50-day moving average of $34.14 and a 200-day moving average of $33.49. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.94. Washington Federal, Inc. has a 1-year low of $25.95 and a 1-year high of $36.84.

Washington Federal (NASDAQ:WAFD) last issued its quarterly earnings results on Thursday, October 14th. The bank reported $0.72 earnings per share for the quarter, beating the consensus estimate of $0.63 by $0.09. The company had revenue of $150.96 million during the quarter, compared to analysts’ expectations of $143.90 million. Washington Federal had a return on equity of 9.36% and a net margin of 28.15%. The business’s quarterly revenue was up 19.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.45 earnings per share. Sell-side analysts forecast that Washington Federal, Inc. will post 2.83 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, November 19th. Stockholders of record on Friday, November 5th were paid a $0.23 dividend. The ex-dividend date was Thursday, November 4th. This represents a $0.92 annualized dividend and a dividend yield of 2.55%. Washington Federal’s payout ratio is 38.33%.

A number of equities analysts have issued reports on WAFD shares. DA Davidson upped their target price on Washington Federal from $34.00 to $39.00 and gave the stock a “neutral” rating in a report on Monday, October 18th. Zacks Investment Research cut Washington Federal from a “strong-buy” rating to a “hold” rating and set a $34.00 target price for the company. in a report on Tuesday, December 21st.

Washington Federal Company Profile

Washington Federal, Inc is a bank holding company, which engages in the provision of lending, depository, insurance, banking, financial products and services. The firm operates through the following segments: commercial loans; and consumer loans. The commercial loans segment is dis-aggregated into five classes: multi-family, commercial real estate, commercial and industrial, construction, and land acquisition and development.

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