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Washington Federal Inc. (NASDAQ:WAFD): A Stocks With Stellar Fundamentals?

Washington Federal Inc. (NASDAQ:WAFD) previous close was $33.56 while the outstanding shares total 75.36M. The firm has a beta of 0.89, a 12-month trailing P/E ratio of 16.86, and a growth ratio of 2.41. WAFD’s shares traded lower over the last trading session, losing -0.18% on 05/20/21. The shares fell to a low of $32.98 before closing at $33.50. Intraday shares traded counted 0.38 million, which was 37.09% higher than its 30-day average trading volume of 605.55K. The stock’s Relative Strength Index (RSI) is 58.35, with weekly volatility at 1.78% and ATR at 0.75. The WAFD stock’s 52-week price range has touched low of $20.01 and a $34.00 high.

Investors have identified the Banks – Regional company Washington Federal Inc. as an interesting stock but before investments are made there, an in-depth look at its trading activities will have to be conducted. The share is trading with a market value of around $2.42 billion, the company now has both obstacles and catalysts that affect them and they came from their mode of operations. With the company affected by events currently, it is a perfect time to analyze the numbers behind the firm in order to come up with a rather realistic picture of what this stock is.

Washington Federal Inc. (WAFD) Fundamentals that are to be considered.

WAFD were able to record 184.5 million as free cash flow during the 07/20/2021 quarter of the year, this saw their quarterly net cash flow reduce by 615.47 million. In cash movements, the company had a total of 204.75 million as operating cash flow.

Potential earnings growth for Washington Federal Inc. (WAFD)

In order to determine the future investment potential for this stock, we will have to analyze key trends that affect it. During the 07/20/2021 quarter of the year, Washington Federal Inc. recorded a total of 146.75 million in revenue. This figure implies that they witnessed a quarterly year/year change in their earnings with -8.77% coming in sequential stages and their sales for the 07/20/2021 quarter reducing by -0.73%.

What matters though is how it ends. When the core data for the company is broken down, then the stock sounds interesting. The company spent 22.72 million trying to sell their products during the last quarter, with the result yielding a gross income of 124.03 million. This allows shareholders to hold on to 75.36M with the recently reported earning now reading 0.56 cents per share. This is a figure that compared to analyst’s prediction for their 07/20/2021 (0.56 cents a share).

Having a look at the company’s valuation, the company is expected to record 2.22 total earnings per share during the next fiscal year. It is very important though to remember that the importance of trend far outweighs that of outlook. This analysis has been great and getting further updates on WAFD sounds very interesting.

Is the stock of WAFD attractive?

In related news, EVP & CFO, Beatty Vincent L bought 1,000 shares of the company’s stock in a transaction that recorded on Aug 06. The purchase was performed at an average price of 23.60, for a total value of 23,600. As the purchase deal closes, the Director, KELLEY THOMAS J now bought 1,078 shares of the company’s stock, valued at 24,988. Also, Director, TALBOT RANDALL H bought 5,300 shares of the company’s stock in a deal that was recorded on Jul 28. The shares were cost at an average price of 23.16 per share, with a total market value of 122,748. In the last 6 months, insiders have changed their ownership in shares of company stock by 0.40%.

0 out of 3 analysts covering the stock have rated it a Buy, while 3 have maintained a Hold recommendation on Washington Federal Inc.. 0 analysts has assigned a Sell rating on the WAFD stock. The 12-month mean consensus price target for the company’s shares has been set at $34.33.

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