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. As of September 30, 2021, the company had 219 branches located in Washington, Oregon, Idaho, Arizona, Utah, Nevada, New Mexico, and Texas. Washington Federal, Inc. was founded in 1917 and is headquartered in Seattle, Washington.
Analysts Set New Price Targets
Separately, DA Davidson set a $41.00 target price on shares of Washington Federal in a report on Friday, July 15th.
Washington Federal Trading Up 0.7 %
Shares of WAFD traded up $0.24 during trading hours on Tuesday, reaching $35.57. 192,453 shares of the company traded hands, compared to its average volume of 428,041. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.89. The firm has a market cap of $2.32 billion, a price-to-earnings ratio of 11.70 and a beta of 0.80. The stock's fifty day moving average price is $31.99 and its 200 day moving average price is $32.77. Washington Federal has a 12-month low of $29.46 and a 12-month high of $38.06.
Washington Federal (NASDAQ:WAFD - Get Rating) last announced its quarterly earnings results on Wednesday, July 13th. The bank reported $0.91 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.79 by $0.12. The business had revenue of $169.30 million for the quarter, compared to the consensus estimate of $157.80 million. Washington Federal had a return on equity of 11.50% and a net margin of 31.21%. The business's revenue was up 19.4% compared to the same quarter last year. During the same period last year, the business posted $0.61 EPS. Sell-side analysts forecast that Washington Federal will post 3.22 earnings per share for the current year.
Washington Federal Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Friday, September 2nd. Shareholders of record on Friday, August 19th will be issued a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 2.70%. The ex-dividend date of this dividend is Thursday, August 18th. Washington Federal's payout ratio is presently 31.58%.