Analyst Rating Update on Washington Federal (WAFD)

Washington Federal (NASDAQ:WAFD) : 6 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Washington Federal (NASDAQ:WAFD). Zacks Investment Research suggests a Hold with a rank of 3.The median of all the 6 Wall Street Analysts endorse the stock as a Hold with a rating of 3.

Washington Federal (NASDAQ:WAFD) : The most positive equity analysts on Washington Federal (NASDAQ:WAFD) expects the shares to touch $26, whereas, the least positive believes that the stock will trade at $24 in the short term. The company is covered by 5 Wall Street Brokerage Firms. The average price target for shares are $24.9 with an expected fluctuation of $0.89 from the mean.

Company shares have received an average consensus rating of Hold for the current week

Washington Federal (NASDAQ:WAFD): stock turned positive on Tuesday. Though the stock opened at $23.12, the bulls momentum made the stock top out at $23.38 level for the day. The stock recorded a low of $22.8988 and closed the trading day at $23.25, in the green by 1.80%. The total traded volume for the day was 751,832. The stock had closed at $22.84 in the previous days trading.

In an insider trading activity, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the director of Washington Federal Inc, Smith Barbara, had purchased 625 shares in a transaction dated on February 26, 2016. The transaction was executed at $21.59 per share with total amount equaling $13,494.

Washington Federal, Inc., is a United States of America-based bank holding company. Its principal subsidiary is Washington Federal, National Association, which operates 182 offices in eight western states. The Company obtains its funds primarily through deposits from the general public, repayments of loans, borrowings and retained earnings. These funds are used largely to make loans to individuals and businesses, including loans for the purchase of new and existing homes, construction and land loans, commercial real estate loans, commercial and industrial loans. The Company caters to Home Loans, Personal Banking and Commercial Banking segments.

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