Notable Runner: What’s Ahead for Washington Federal Inc. After Today’s Big Increase?

Notable Runner: What's Ahead for Washington Federal Inc. After Today's Big Increase?

The stock of Washington Federal Inc. (NASDAQ:WAFD) is a huge mover today! About 204,634 shares traded hands. Washington Federal Inc. (NASDAQ:WAFD) has risen 28.98% since April 18, 2016 and is uptrending. It has outperformed by 24.55% the S&P500.
The move comes after 8 months positive chart setup for the $2.80 billion company. It was reported on Nov, 18 by Barchart.com. We have $43.18 PT which if reached, will make NASDAQ:WAFD worth $1.04 billion more.

According to Zacks Investment Research, “Washington Federal, Inc. is a non-diversified unitary savings and loan holding company. The business of Washington Federal consists primarily of attracting savings deposits from the general public and investing these funds in loans secured by first mortgage liens on single-family dwellings, including loans for the construction of such dwellings, and to a significantly lesser extent, on commercial property and multi-family dwellings. It also originates other types of loans for its portfolio and invests in certain United States Government and agency obligations.”

Insitutional Activity: The institutional sentiment increased to 0.99 in Q2 2016. Its up 0.12, from 0.87 in 2016Q1. The ratio increased, as 9 funds sold all Washington Federal Inc. shares owned while 76 reduced positions. 17 funds bought stakes while 57 increased positions. They now own 73.35 million shares or 4.73% less from 76.99 million shares in 2016Q1.
Jpmorgan Chase And Co holds 19,476 shares or 0% of its portfolio. Blackrock Ltd owns 42,608 shares or 0% of their US portfolio. Shelton Capital Mngmt reported 10,259 shares or 0.02% of all its holdings. Frontier Mngmt Ltd Liability Corporation has invested 0.33% of its portfolio in Washington Federal Inc. (NASDAQ:WAFD). Bluecrest Cap Mgmt, a Guernsey-based fund reported 11,093 shares. Arizona State Retirement Sys has 0.01% invested in the company for 38,517 shares. Barclays Public Ltd Com last reported 27,877 shares in the company. Pnc Service Group Inc reported 13,361 shares or 0% of all its holdings. Perkins Invest Management Ltd Limited Liability Company has 0.23% invested in the company for 627,656 shares. New York State Teachers Retirement System has invested 0.01% of its portfolio in Washington Federal Inc. (NASDAQ:WAFD). Dimensional Fund Advsrs Limited Partnership has 7.75M shares for 0.11% of their US portfolio. Parkside Fin Bankshares Tru reported 1,383 shares or 0.02% of all its holdings. Profund Ltd Llc, a Maryland-based fund reported 16,433 shares. Huntington State Bank has 0% invested in the company for 3,194 shares. Smith Graham Co Inv Advisors L P holds 0.81% or 242,508 shares in its portfolio.

Insider Transactions: Since September 27, 2016, the stock had 1 buy, and 5 sales for $2.92 million net activity. Schoonover Mark Alan sold $550,314 worth of Washington Federal Inc. (NASDAQ:WAFD) on Thursday, November 10. $475,428 worth of shares were sold by WHITEHEAD ROY M on Friday, November 4. $104,705 worth of shares were sold by Cooper Cathy E on Thursday, November 10. On Tuesday, September 27 the insider Lantz Erin N bought $1,091.

More news for Washington Federal Inc. (NASDAQ:WAFD) were recently published by: Reuters.com, which released: “BRIEF-Washington Federal Inc’s qtrly earnings per share $0.49” on October 19, 2016. Nasdaq.com‘s article titled: “Washington Federal Reaches Analyst Target Price” and published on November 04, 2016 is yet another important article.

WAFD Company Profile

Washington Federal, Inc. (Washington Federal), incorporated on November 15, 1994, is a bank holding company. The Firm conducts its activities through a federally-insured national bank subsidiary, Washington Federal, National Association (the Bank). The Company’s principal activities consists of taking deposits from the 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 and other income producing properties, home equity loans and business loans. It invests in certain United States government and agency obligations and other investments permitted by applicable laws and regulations. The Firm has approximately 250 branches located in Washington, Oregon, Idaho, Arizona, Utah, Nevada, New Mexico and Texas. The Company, through its subsidiaries, is engaged in real estate investment and insurance brokerage activities. The principal sources of funds for the Company’s activities are retained earnings, loan repayments (including prepayments), net deposit inflows, repayments and sales of investments and borrowings. Washington Federal’s principal sources of revenue are interest on loans and interest and dividends on investments. The Bank’s subsidiaries include WAFD Insurance Group, Inc., which is an insurance agency that offers a line of individual and business insurance policies to clients of the Company, as well as to the general public; Statewide Mortgage Services Company, which holds and markets real estate held for investment, and Washington Services, Inc., which holds certain branch properties and equipment, and also acts as a trustee under deeds of trust as to which the Bank is beneficiary.

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