Washington Federal (NASDAQ:WAFD) Issues Earnings Results


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Washington Federal (NASDAQ:WAFD) announced its earnings results on Wednesday. The bank reported $0.51 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.42 by $0.09, Fidelity Earnings reports. Washington Federal had a net margin of 24.41% and a return on equity of 7.59%.

Shares of WAFD stock traded down $0.19 during trading hours on Friday, hitting $28.22. 7,375 shares of the company were exchanged, compared to its average volume of 488,068. Washington Federal has a 52 week low of $20.01 and a 52 week high of $36.80. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 1.41. The business has a 50 day moving average of $25.84 and a two-hundred day moving average of $24.00. The company has a market capitalization of $2.14 billion, a PE ratio of 12.67 and a beta of 0.95.

Several research analysts recently weighed in on the stock. TheStreet raised shares of Washington Federal from a “c” rating to a “b-” rating in a research note on Tuesday, December 8th. Zacks Investment Research raised shares of Washington Federal from a “hold” rating to a “buy” rating and set a $24.00 price target for the company in a report on Friday, October 9th. Finally, Piper Sandler dropped their price objective on Washington Federal from $25.50 to $22.00 and set a “neutral” rating on the stock in a research note on Thursday, October 1st.

In related news, CFO Michael D. Mulholland sold 1,108,799 shares of the company’s stock in a transaction on Monday, December 21st. The shares were sold at an average price of $5.28, for a total value of $5,854,458.72. Insiders own 1.21% of the company’s stock.

About Washington Federal

Washington Federal, Inc operates as the bank holding company for Washington Federal Bank, 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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Earnings History for Washington Federal (NASDAQ:WAFD)

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