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Tuesday, January 31, 2023

Today, Washington Federal Inc. (NASDAQ: WAFD) Takes Center Stage

After Hours

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. After-hours trades for Washington Federal Inc. (WAFD) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.77, or -2.28%, to $33.00. The Washington Federal Inc. has recorded 174,730 volume in the after hours trading session. Most recently, Yahoo Finance reported about the stock as it publicized that Washington Federal Announces Record Quarterly Earnings Per Share Of $1.16.


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Stocks Info

The company is listed on the NASDAQ and operates within the Banks – Regional industry segment. At the end of the last regular session, the stock closed at $33.77 and fluctuated between $34.11 as its day high and $33.61 as its day low. The current market capitalization of Washington Federal Inc. is $2.19B. A total of 0.61 million shares were traded on the day, compared to an average of 407.21K shares.

Insider Activity

Furthermore, investors take into consideration insider trades when predicting a stock’s future trajectory. During the recent three months, WAFD has seen 11 BUY and 16 SELL insider trades, representing the acquisition of 151,288 and the disposition of 145,646 shares. Over the last 12 months, there were 11 BUYs and 18 SELLs from insiders. Insiders purchased 151,288 shares during that period but sold 165,458.

In the most recent transaction, Robison Kim E sold 1,311 shares of WAFD for 34.09 per share on Jan 19. After the transaction, the EVP & Chief Operations Officer now owns 63,492 company shares. In a previous transaction on Jan 18, Cooper Cathy E sold 15,000 shares at 34.25 per share. WAFD shares that EVP & Chief Consumer Banker owns now total 61,106.

Among the insiders who sold shares, Robison Kim E disposed of 5,230 shares on Jan 18 at a per-share price of $34.91. This resulted in the EVP & Chief Operations Officer holding 64,803 shares of WAFD after the transaction. In another insider transaction, Beatty Vincent L sold 16,000 shares at $35.74 per share on Feb 10. Company shares held by the EVP & Chief Financial Officer now total 57,074.

Dividend

The dividend paying company demonstrates a positive outlook for investors and helps them generate immediate cash. Washington Federal Inc. pays an annual dividend of $0.96, resulting in a dividend yield of 2.84%, and it has a price to earnings (P/E) ratio of 8.80. WAFD’s most recent ex-dividend date was 11/17/2022 when it declared a $0.24 quarterly dividend that was paid in cash on 12/2/2022. Previously, the company paid the dividend on 9/2/2022 with an ex-dividend date of 8/18/2022. The WAFD stock dividend was $0.24 per share in cash.

It has been observed that price targets are rarely accurate, but they can exert some influence from time to time, and are often accepted as valuable in the market. According to analysts who have offered 12-month price targets for WAFD in the last 3 months, the mean price target is $43.33 with high estimates of $48.00 and low estimates of $37.00. In terms of 52-week highs and lows, WAFD has a high of $39.17 and a low of $29.46.

As of this writing, WAFD has an earnings estimate of $1.09 per share for the current quarter. EPS was calculated based on a consensus of 3 estimates, with a high estimate of $1.1 per share and a lower estimate of $1.07. The company reported an EPS of $0.91 in the last quarter, which was 16.70% higher than expectations of $0.78.

Balance Sheet Annually/Quarterly

An equity investor’s investment can be viewed on a balance sheet by looking at what assets and liabilities the company has. Investors can determine the company’s prospects by calculating its financial ratios based on this information.

Analysts Opinion

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. Currently, 3 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for WAFD is Buy with a score of 4.00. A total of 2 analysts rated the stock as Buy while 0 rated it as Overweight while 1 rated it as Hold. Among the other participants, 0 thought the stock was Underweight and 0 thought it should be Sold.

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