Washington Federal Rating Lowered to Market Perform at FBR Capital (WAFD)

By admin | 6 years ago

Washington Federal (NASDAQ: WAFD) was downgraded by investment analysts at FBR Capital (NASDAQ: FBCM) from an “outperform” rating to a “market perform” rating in a note issued to investors on Monday.

Shares of Washington Federal traded down 1.02% during mid-day trading on Monday, hitting $15.50. Washington Federal has a 52 week low of $12.15 and a 52 week high of $18.42. The company has a market cap of $1.657 billion and a P/E ratio of 13.31.

Washington Federal last announced its earnings results on Thursday, April 12nd. The company reported $0.32 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.30 by $0.02. On average, analysts predict that Washington Federal will post $0.33 earnings per share next quarter.

A number of other firms have also recently commented on WAFD. Analysts at JPMorgan Chase (NYSE: JPM) raised their price target on shares of Washington Federal from $17.00 to $17.50 in a research note to investors on Friday, April 13rd. Separately, analysts at DA Davidson upgraded shares of Washington Federal from a “neutral” rating to a “buy” rating in a research note to investors on Thursday, April 12nd. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Washington Federal in a research note to investors on Wednesday, April 11st. They now have a $17.50 price target on the stock.

Washington Federal, Inc. (Washington Federal) is a non-diversified unitary savings and loan holding company that conducts its operations through a federally insured savings and loan association subsidiary, Washington Federal Savings (the Bank).

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