In last trading session, Washington Federal Inc. (NASDAQ:WAFD) saw 0.7 million shares changing hands with its beta currently measuring 0.83. Company’s recent per share price level of $37.50 trading at $0.7 or 1.90% at ring of the bell on the day assigns it a market valuation of $2.43B. That closing price of WAFD’s stock is at a premium of 1.57% from its 52-week high price of $36.91 and is indicating a premium of 30.8% from its 52-week low price of $25.95. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 0.48 million shares which gives us an average trading volume of 353.27K if we extend that period to 3-months.
For Washington Federal Inc. (WAFD), analysts’ consensus is at an average recommendation of an Overweight while assigning it a mean rating of 3.00. Splitting up the data highlights that, out of 3 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 2 suggested the stock as a Hold whereas 1 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of $0.69 in the current quarter.
Washington Federal Inc. (NASDAQ:WAFD) trade information
Upright in the green during last session for gaining 1.90%, in the last five days WAFD remained trading in the green while hitting it’s week-highest on Friday, 01/14/22 when the stock touched $37.50 price level, adding 0.05% to its value on the day. Washington Federal Inc.’s shares saw a change of 12.34% in year-to-date performance and have moved 4.14% in past 5-day. Washington Federal Inc. (NASDAQ:WAFD) showed a performance of 13.43% in past 30-days. Number of shares sold short was 1.96 million shares which calculate 6.22 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of $38.67 to the stock, which implies a rise of 3.03% to its current value. Analysts have been projecting $34.00 as a low price target for the stock while placing it at a high target of $43.00. It follows that stock’s current price would drop -14.67% in reaching the projected high whereas dropping to the targeted low would mean a gain of 9.33% for stock’s current value.
Washington Federal Inc. (WAFD) estimates and forecasts
Statistics highlight that Washington Federal Inc. is scoring comparatively lower than the scores of other players of the relevant industry. The company added 21.40% of value to its shares in past 6 months, showing an annual growth rate of 18.41% while that of industry is 33.90. Apart from that, the company came raising its revenue forecast for fiscal year 2022. The company is estimating its revenue growth to increase by 35.30% in the current quarter and calculating 23.20% increase in the next quarter. This year revenue growth is estimated to rise 8.00% from the last financial year’s standing.
2 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $134.45 million for the same. And 2 analysts are in estimates of company making revenue of $134.53 million in the next quarter that will end on Mar 2022.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of 6.00% during past 5 years. In 2022, company’s earnings growth rate is likely to be around 5.80% while estimates for its earnings growth in next 5 years are of 7.00%.
Washington Federal Inc. is more likely to be releasing its next quarterly report between April 11 and April 15 and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt. With an annual yield of 2.45%, the share has a forward dividend of 0.92 which implies that company’s dividend yield remained growing in trailing twelve months while having a 5 year average dividend yield of 2.46%.
Washington Federal Inc. (NASDAQ:WAFD)’s Major holders
Insiders are in possession of 1.60% of company’s total shares while institution are holding 84.54 percent of that, with stock having share float percentage of 85.92%. Investors also watch the number of corporate investors in a company very closely, which is 84.54% institutions for Washington Federal Inc. that are currently holding shares of the company. Blackrock Inc. is the top institutional holder at WAFD for having 7.97 million shares of worth $273.33 million. And as of Sep 29, 2021, it was holding 12.21% of the company’s outstanding shares.
The second largest institutional holder is Vanguard Group, Inc. (The), which was holding about 7.03 million shares on Sep 29, 2021. The number of shares represents firm’s hold over 10.78% of outstanding shares, having a total worth of $241.22 million.
On the other hand, DFA U.S. Small Cap Value Series and Vanguard Total Stock Market Index Fund are the top two Mutual Funds which own company’s shares. As of Oct 30, 2021, the former fund manager was holding 2.07 million shares of worth $73.14 million or 3.17% of the total outstanding shares. The later fund manager was in possession of 1.93 million shares on Sep 29, 2021, making its stake of worth around $66.36 million in the company or a holder of 2.97% of company’s stock.