Q3 2021 earnings estimate for Washington Federal, Inc. released by Piper Sandler (NASDAQ: WAFD)
Washington Federal, Inc. (NASDAQ: WAFD) – Piper Sandler stock researchers increased their estimate of third quarter 2021 earnings per share (EPS) for the Washington Federal in a research note released to investors on Thursday, April 15. Piper Sandler analyst Mr. Clark now predicts the bank will earn $ 0.55 per share for the quarter, up from their previous forecast of $ 0.47. Piper Sandler also released estimates for Washington Federal earnings for fiscal 2021 at $ 2.20 per EPS, Q4 2022 earnings at $ 0.66, and fiscal 2022 earnings at $ 2.35.
Separately, Zacks investment research upgraded Washington Federal from a “strong sell” rating to a “buy” rating and set a price target of $ 30.00 on the stock in a research note on Thursday, January 21.
Washington Federal Action open for $ 33.06 on Mondays. The company has a debt to equity ratio of 1.41, a quick ratio of 1.05, and a current ratio of 1.05. The company’s 50-day simple moving average is $ 31.66 and its 200-day simple moving average is $ 27.01. The company has a market cap of $ 2.51 billion, a PE ratio of 14.76 and a beta of 0.95. Washington Federal has a 52 week low of $ 20.01 and a 52 week high of $ 34.00. Washington Federal (NASDAQ: WAFD) last released its quarterly earnings data on Monday April 12. The bank reported EPS of $ 0.41 for the quarter, missing analyst consensus estimates of $ 0.49 from ($ 0.08). Washington Federal reported a return on equity of 7.59% and a net margin of 24.41%.
The company also recently declared a quarterly dividend, which was paid on Friday, February 19. Investors of record on Friday, February 5, received a dividend of $ 0.23 per share. This represents an annualized dividend of $ 0.92 and a return of 2.78%. This is a positive change from the previous Washington Federal quarterly dividend of $ 0.22. The ex-dividend date of this dividend was Thursday, February 4. Washington Federal’s payout ratio is currently 46.00%.
Institutional investors and hedge funds have recently changed their holdings of equities. Sterling Financial Planning Inc. acquired a new position in Washington Federal during the fourth quarter valued at approximately $ 33,000. The Toronto Dominion Bank acquired a new position in Washington Federal during the fourth quarter valued at approximately $ 43,000. Global Retirement Partners LLC increased its stake in Washington Federal by 71.2% during the first quarter. Global Retirement Partners LLC now owns 1,799 shares of the bank valued at $ 55,000 after acquiring an additional 748 shares during the period. Mercer Global Advisors Inc. ADV purchased a new stake in Washington Federal shares in the 4th quarter valued at approximately $ 201,000. Finally, MidWestOne Financial Group Inc. purchased a new stake in Washington Federal shares in the 4th quarter valued at approximately $ 227,000. Hedge funds and other institutional investors hold 82.47% of the company’s shares.
About Washington Federal
Washington Federal, Inc. operates as a bank holding company for the Washington Federal Bank, a National Association that provides loan, deposit, insurance, and other banking services in the United States. The Company accepts deposit products, including business and personal checking accounts, term deposit certificates, as well as money market accounts and passbook savings accounts.
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