Washington Federal, Inc. (NASDAQ:WAFD) Holdings Raised by Comerica Bank

Comerica Bank raised its position in shares of Washington Federal, Inc. (NASDAQ:WAFD) by 0.5% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 69,384 shares of the bank’s stock after acquiring an additional 329 shares during the quarter. Comerica Bank owned approximately 0.08% of Washington Federal worth $2,331,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Meadow Creek Investment Management LLC boosted its position in Washington Federal by 9.3% during the 1st quarter. Meadow Creek Investment Management LLC now owns 3,200 shares of the bank’s stock valued at $106,000 after acquiring an additional 272 shares in the last quarter. Creative Planning boosted its position in Washington Federal by 3.1% during the 2nd quarter. Creative Planning now owns 3,327 shares of the bank’s stock valued at $110,000 after acquiring an additional 101 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Washington Federal by 61.9% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,816 shares of the bank’s stock valued at $126,000 after acquiring an additional 1,459 shares in the last quarter. Neuburgh Advisers LLC boosted its position in Washington Federal by 9.3% during the 1st quarter. Neuburgh Advisers LLC now owns 4,400 shares of the bank’s stock valued at $146,000 after acquiring an additional 374 shares in the last quarter. Finally, Tyers Asset Management LLC boosted its position in Washington Federal by 9.3% during the 1st quarter. Tyers Asset Management LLC now owns 5,600 shares of the bank’s stock valued at $185,000 after acquiring an additional 476 shares in the last quarter. 83.81% of the stock is currently owned by institutional investors and hedge funds.

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A number of brokerages have recently commented on WAFD. Zacks Investment Research raised Washington Federal from a “hold” rating to a “buy” rating and set a $37.00 price target on the stock in a research report on Friday, July 21st. BidaskClub raised Washington Federal from a “sell” rating to a “hold” rating in a research report on Saturday, June 10th. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $34.00 price target on shares of Washington Federal in a research report on Tuesday, July 25th. Royal Bank Of Canada reissued a “hold” rating and issued a $35.00 price target on shares of Washington Federal in a research report on Friday, September 8th. Finally, ValuEngine cut Washington Federal from a “buy” rating to a “hold” rating in a research report on Thursday, September 7th. One analyst has rated the stock with a sell rating and five have assigned a hold rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $33.50.

In other news, Director Thomas J. Kelley sold 6,100 shares of the stock in a transaction that occurred on Wednesday, July 26th. The shares were sold at an average price of $33.72, for a total transaction of $205,692.00. Following the transaction, the director now directly owns 21,185 shares in the company, valued at $714,358.20. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 1.28% of the stock is currently owned by company insiders.

Shares of Washington Federal, Inc. (WAFD) opened at 32.85 on Friday. The company has a market capitalization of $2.90 billion, a PE ratio of 17.28 and a beta of 1.13. The stock has a 50 day moving average price of $31.85 and a 200-day moving average price of $32.80. Washington Federal, Inc. has a 12 month low of $25.15 and a 12 month high of $35.95.

Washington Federal (NASDAQ:WAFD) last released its quarterly earnings data on Tuesday, July 18th. The bank reported $0.49 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.47 by $0.02. Washington Federal had a net margin of 29.06% and a return on equity of 8.57%. The firm had revenue of $122.54 million for the quarter, compared to the consensus estimate of $120.35 million. Analysts forecast that Washington Federal, Inc. will post $1.91 EPS for the current year.

Washington Federal Profile

Washington Federal, Inc is a bank holding company. The Company conducts its operations through a federally insured national bank subsidiary, Washington Federal, National Association (the Bank). The business of the Bank consists primarily of accepting deposits from the general public and investing these funds in loans of various types, including first lien mortgages on single-family dwellings, construction loans, land acquisition and development loans, loans on multi-family, commercial real estate and other income producing properties, home equity loans and business loans.

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

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