NASDAQ:WAFD

Washington Federal (WAFD) Stock Forecast, Price & News

$25.62

+0.19 (+0.75%)

(As of 09/29/2023 ET)

Compare

Today's Range: $25.54
▼
$25.97
50-Day Range: $25.10
▼
$31.62
52-Week Range: $23.90
▼
$39.17

Volume: 268,337 shs
Average Volume: 626,404 shs
Market Capitalization: $1.66 billion

P/E Ratio: 6.29
Dividend Yield: 3.90%
Price Target: $34.00

Washington Federal MarketRank™ Forecast

Analyst Rating: Moderate Buy
2.67 Rating Score
Upside/Downside: 32.7% Upside
$34.00 Price Target
Short Interest: Bearish
4.07% of Float Sold Short
Dividend Strength: Strong
Based on Four Factors
Sustainability: -0.76
Upright™ Environmental Score
News Sentiment: -0.14
Based on 8 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: -11.00%
From $3.91 to $3.48 Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.73 out of 5 stars

Finance Sector

229th out of 871 stocks

National Commercial Banks Industry

36th out of 85 stocks

3.3

Analyst's Opinion

Consensus Rating
Washington Federal has received a consensus rating of Moderate Buy. The company's average rating score is 2.67, and is based on 2 buy ratings, 1 hold rating, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $34.00, Washington Federal has a forecasted upside of 32.7% from its current price of $25.62.
Amount of Analyst Coverage
Washington Federal has received no research coverage in the past 90 days.

2.0

Short Interest

Percentage of Shares Shorted
4.07% of the float of Washington Federal has been sold short.
Short Interest Ratio / Days to Cover
Washington Federal has a short interest ratio ("days to cover") of 6.3.
Change versus previous month
Short interest in Washington Federal has recently increased by 1.98%, indicating that investor sentiment is decreasing.

5.0

Dividend Strength

Dividend Leadership
Washington Federal is a leading dividend payer. It pays a dividend yield of 3.98%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
Washington Federal has been increasing its dividend for 13 years.
Dividend Coverage
The dividend payout ratio of Washington Federal is 24.57%. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, Washington Federal will have a dividend payout ratio of 28.74% next year. This indicates that Washington Federal will be able to sustain or increase its dividend.

3.3

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
Washington Federal has received a 35.26% net impact score from Upright. The largest positive contribution comes from its "Societal infrastructure" impact, which is mostly driven by its "Mortgages", "Wire transfer services", "Consumer savings accounts", and "Consumer transaction accounts" products. See details.
Environmental Sustainability
The Environmental Impact score for Washington Federal is -0.76.

1.6

News and Social Media Coverage

News Sentiment
Washington Federal has a news sentiment score of -0.14. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.70 average news sentiment score of Finance companies.
News Coverage This Week
MarketBeat has tracked 8 news articles for Washington Federal this week, compared to 4 articles on an average week.
MarketBeat Follows
1 people have added Washington Federal to their MarketBeat watchlist in the last 30 days.

1.7

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Washington Federal insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 1.46% of the stock of Washington Federal is held by insiders.
Percentage Held by Institutions
86.36% of the stock of Washington Federal is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.9

Earnings and Valuation

Earnings Growth
Earnings for Washington Federal are expected to decrease by -11.00% in the coming year, from $3.91 to $3.48 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Washington Federal is 6.29, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 119.35.
Price to Earnings Ratio vs. Sector
The P/E ratio of Washington Federal is 6.29, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 73.85.
Price to Book Value per Share Ratio
Washington Federal has a P/B Ratio of 0.85. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Washington Federal (NASDAQ:WAFD) Stock

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 offers deposit products, including business and personal checking accounts, and term certificates of deposit, as well as money market accounts and passbook savings accounts. It also provides single-family residential, construction, land acquisition and development, consumer lot, multi-family residential, commercial and industrial, commercial real estate, home equity, business and consumer loans. In addition, the company offers insurance brokerage services, such as individual and business insurance policies; holds and markets real estate properties; mobile and internet banking services; and debit and credit cards, as well as acts as the trustee. It serves consumers, mid-sized and large businesses, and owners and developers of commercial real estate. Washington Federal, Inc. was founded in 1917 and is headquartered in Seattle, Washington.

WAFD Price History

30 days | 90 days | 365 days | Advanced Chart

WAFD Stock News Headlines

September 29, 2023 | money.usnews.com

WaFd Inc

September 29, 2023 | msn.com

What Would Happen If Washington D.C. Became The 51st State?

September 29, 2023 | Behind the Markets (Ad)

[BREAKING] New "Living Missile" to Replace Nuclear Missiles

CBS News Reports: "It's an entirely new type of weapon." The New York Times Reports: "No existing defense can stop it." And one small company is building them for the Pentagon!

September 27, 2023 | msn.com

Federal contract workers stand to lose in possible government shutdown

September 27, 2023 | news.yahoo.com

Washington, D.C. residents once could not vote for president; 23rd amendment changed that

September 27, 2023 | washingtonpost.com

A federal government shutdown looks more and more likely: What to know

September 27, 2023 | msn.com

Union leaders say federal workers express worry ahead of possible government shut down

September 26, 2023 | americanbankingnews.com

Washington Federal (NASDAQ:WAFD) Shares Pass Below 200 Day Moving Average of $28.23

September 29, 2023 | Behind the Markets (Ad)

[BREAKING] New "Living Missile" to Replace Nuclear Missiles

CBS News Reports: "It's an entirely new type of weapon." The New York Times Reports: "No existing defense can stop it." And one small company is building them for the Pentagon!

September 18, 2023 | msn.com

Vote now: Who should be the WaFd Bank Washington High School Athlete of the Week (Sept. 11-Sept. 16)?

September 11, 2023 | msn.com

Vote now: Who should be the WaFd Bank Washington High School Athlete of the Week (Sept. 4-Sept. 9)?

September 9, 2023 | msn.com

Washington Commanders home opener: What to know about tickets, parking and tailgating at FedEx Field

September 6, 2023 | msn.com

2 men plead guilty to vandalizing power substations in Washington state on Christmas Day

September 6, 2023 | msn.com

Vote now: Who should be the WaFd Bank Washington High School Athlete of the Week (Aug. 28-Sept. 2)?

August 30, 2023 | msn.com

D.C.-area leaders urge more in-person work for federal workers

August 20, 2023 | seekingalpha.com

Washington Federal Stock Now Looks Cheap Amid Wider Bank Worries

August 14, 2023 | msn.com

Food stamps: Direct payment worth up to $1,116 to arrive in Washington in six days

August 7, 2023 | finance.yahoo.com

WaFd Bank Scores Highest Customer Satisfaction Ranking in Annual Survey

July 18, 2023 | markets.businessinsider.com

Analysts Offer Insights on Financial Companies: FB Financial (FBK), CrossFirst Bankshares (CFB) and Washington Federal (WAFD)

July 18, 2023 | finance.yahoo.com

Washington Federal (WAFD) Reports Q3 Earnings: What Key Metrics Have to Say (Revised)

July 17, 2023 | finance.yahoo.com

Washington Federal (WAFD) Q3 Earnings Lag Estimates, Costs Rise

July 14, 2023 | finance.yahoo.com

Washington Federal (WAFD) Reports Q3 Earnings: What Key Metrics Have to Say

July 14, 2023 | finance.yahoo.com

Washington Federal Announces Quarterly Earnings Per Share Of $0.89

July 11, 2023 | finance.yahoo.com

Is Now The Time To Put Washington Federal (NASDAQ:WAFD) On Your Watchlist?

July 7, 2023 | yahoo.com

With new federal food stamp limits coming, advocates mobilize to inform Texas recipients

July 5, 2023 | msn.com

Washington Federal: Undervalued And Due A Return To Pre-March Levels

July 5, 2023 | finance.yahoo.com

Washington Federal (WAFD) to Report Q3 Results: Wall Street Expects Earnings Growth

See More Headlines

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WAFD Company Calendar

Last Earnings: 7/14/2023
Ex-Dividend for 9/8 Dividend: 8/24/2023
Dividend Payable: 9/08/2023
Today: 9/29/2023
Fiscal Year End: 9/30/2023
Next Earnings (Estimated): 10/12/2023

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Industry, Sector and Symbol

Stock Exchange: NASDAQ
Industry: National commercial banks
Sub-Industry: Thrifts & Mortgage Finance
Sector: Finance
Current Symbol: NASDAQ:WAFD
CUSIP: 93882410
CIK: 936528
Web: www.washingtonfederal.com
Phone: (206) 624-7930
Fax: 206-626-8520
Employees: 2,132
Year Founded: N/A

Price Target and Rating

Average Stock Price Forecast: $34.00
High Stock Price Forecast: $38.00
Low Stock Price Forecast: $29.00
Forecasted Upside/Downside: +32.7%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.67
Research Coverage: 3 Analysts

Profitability

EPS (Most Recent Fiscal Year): $4.07
Trailing P/E Ratio: 6.29
Forward P/E Ratio: 6.55
P/E Growth: N/A
Net Income: $236.33 million
Net Margins: 27.74%
Pretax Margin: 35.48%
Return on Equity: 13.74%
Return on Assets: 1.29%

Debt

Debt-to-Equity Ratio: 1.79
Current Ratio: 1.14
Quick Ratio: 1.14

Sales & Book Value

Annual Sales: $732.73 million
Price / Sales: 2.26
Cash Flow: $4.69 per share
Price / Cash Flow: 5.46
Book Value: $30.22 per share
Price / Book: 0.85

Miscellaneous

Outstanding Shares: 64,730,000
Free Float: 63,785,000
Market Cap: $1.66 billion
Optionable: Optionable
Beta: 0.85

12 Stocks Corporate Insiders are Abandoning

If a company's CEO, COO, and CFO were all selling shares of their stock, would you want to know?

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Key Executives

Mr. Brent J. Beardall CPA (Age 52)
Pres, CEO & Vice Chairman
Comp: $2.28M

Ms. Kim E. Robison (Age 53)
Exec. VP & COO
Comp: $799.65k

Mr. James A. Endrizzi (Age 50)
Exec. VP & Chief Commercial Banker
Comp: $841.68k

Ms. Cathy E. Cooper (Age 57)
Exec. VP, Chief Consumer Banker & Corp. Sec.
Comp: $800.93k

Ms. Kelli J. Holz CPA (Age 54)
Exec. VP & CFO

Ms. Blayne Sanden (Age 46)
Sr. VP & Principal Accounting Officer

Jim Motz
Chief Information Officer & Exec. VP

Mr. Brad Goode
Chief of Communications, Marketing & Community Relations and Sr. VP

Lisa M. King
Sr. VP of HR

Mr. Keith D. Taylor
Sr. VP of Corp. Real Estate and Treasurer

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

WAFD Stock - Frequently Asked Questions

Should I buy or sell Washington Federal stock right now?: 3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Washington Federal in the last twelve months. There are currently 1 hold rating and 2 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" WAFD shares.
View WAFD analyst ratings or view top-rated stocks.
What is Washington Federal's stock price forecast for 2023?: 3 brokerages have issued 12 month price objectives for Washington Federal's stock. Their WAFD share price forecasts range from $29.00 to $38.00. On average, they predict the company's share price to reach $34.00 in the next year. This suggests a possible upside of 32.7% from the stock's current price.
View analysts price targets for WAFD or view top-rated stocks among Wall Street analysts.
How have WAFD shares performed in 2023?: Washington Federal's stock was trading at $33.55 at the start of the year. Since then, WAFD shares have decreased by 23.6% and is now trading at $25.62.
View the best growth stocks for 2023 here.
When is Washington Federal's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Thursday, October 12th 2023.
View our WAFD earnings forecast.
How were Washington Federal's earnings last quarter?: Washington Federal, Inc. (NASDAQ:WAFD) announced its earnings results on Friday, July, 14th. The bank reported $0.89 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.94 by $0.05. The bank had revenue of $286.25 million for the quarter, compared to analysts' expectations of $187.43 million. Washington Federal had a trailing twelve-month return on equity of 13.74% and a net margin of 27.74%. During the same quarter last year, the company earned $0.91 EPS.
How often does Washington Federal pay dividends? What is the dividend yield for Washington Federal?: Washington Federal declared a quarterly dividend on Tuesday, August 15th. Investors of record on Friday, August 25th will be paid a dividend of $0.25 per share on Friday, September 8th. This represents a $1.00 dividend on an annualized basis and a yield of 3.90%. The ex-dividend date is Thursday, August 24th.
Read our dividend analysis for WAFD.
What ETFs hold Washington Federal's stock?: ETFs with the largest weight of Washington Federal (NASDAQ:WAFD) stock in their portfolio include Invesco KBW Regional Banking ETF (KBWR), First Trust NASDAQ ABA Community Bank Index Fund (QABA), SPDR S&P Regional Banking ETF (KRE), Invesco S&P SmallCap Low Volatility ETF (XSLV), Invesco S&P SmallCap Financials ETF (PSCF), Direxion Daily Regional Banks Bull 3x Shares (DPST), EA Bridgeway Omni Small-Cap Value ETF (BSVO) and Principal U.S. Small-Cap Adaptive Multi-Factor ETF (PLTL).
Is Washington Federal a good dividend stock?: Washington Federal (NASDAQ:WAFD) pays an annual dividend of $1.00 per share and currently has a dividend yield of 3.98%. WAFD has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company has been increasing its dividend for 13 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 24.57%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, WAFD will have a dividend payout ratio of 28.74% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for WAFD.

What is Brent Beardall's approval rating as Washington Federal's CEO?: 112 employees have rated Washington Federal Chief Executive Officer Brent Beardall on Glassdoor.com. Brent Beardall has an approval rating of 85% among the company's employees.
What other stocks do shareholders of Washington Federal own?: Based on aggregate information from My MarketBeat watchlists, some companies that other Washington Federal investors own include QUALCOMM (QCOM), Boeing (BA), General Motors (GM), Wells Fargo & Company (WFC), Mondi (MNDI), Pfizer (PFE), Exxon Mobil (XOM), Zynerba Pharmaceuticals (ZYNE), AbbVie (ABBV) and Cisco Systems (CSCO).
What is Washington Federal's stock symbol?: Washington Federal trades on the NASDAQ under the ticker symbol "WAFD."
How do I buy shares of Washington Federal?: Shares of WAFD stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.
What is Washington Federal's stock price today?: One share of WAFD stock can currently be purchased for approximately $25.62.
How much money does Washington Federal make?: Washington Federal (NASDAQ:WAFD) has a market capitalization of $1.66 billion and generates $732.73 million in revenue each year. The bank earns $236.33 million in net income (profit) each year or $4.07 on an earnings per share basis.
How many employees does Washington Federal have?: The company employs 2,132 workers across the globe.
How can I contact Washington Federal?: Washington Federal's mailing address is 425 PIKE STREET, SEATTLE WA, 98101. The official website for the company is www.washingtonfederal.com. The bank can be reached via phone at (206) 624-7930, via email at brad.goode@wafd.com, or via fax at 206-626-8520.

This page (NASDAQ:WAFD) was last updated on 9/29/2023 by MarketBeat.com Staff

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