RBC Capital Keeps a Hold Rating on Washington Federal

By Jason Carr

RBC Capital analyst Jon Arfstrom reiterated a Hold rating on Washington Federal (NASDAQ: WAFD) yesterday and set a price target of $36. The company’s shares closed yesterday at $33.20.

According to TipRanks.com, Arfstrom is a top 100 analyst with an average return of 31.5% and a 79.5% success rate. Arfstrom covers the Financial sector, focusing on stocks such as Huntington Bancshares Inc, TCF Financial Corporation, and Texas Capital Bancshares.

Washington Federal has an analyst consensus of Hold, with a price target consensus of $37.67.

Based on Washington Federal’s latest earnings report for the quarter ending December 31, the company posted quarterly revenue of $161 million and quarterly net profit of $51.67 million. In comparison, last year the company earned revenue of $147 million and had a net profit of $42.07 million.

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Washington Federal, Inc. operates as a bank holding company for Washington Federal, NA., which engages in the provision of financial products and services. It offers checking and savings accounts, mortgages, credit cards, retirement, money markets, mobile and online banking, real estate and equipment financing, treasury management, and credit solutions.