KBW Sticks to Their Hold Rating for Washington Federal

By Austin Angelo

In a report released yesterday, Michael Perito from KBW reiterated a Hold rating on Washington Federal (NASDAQ: WAFD), with a price target of $34. The company’s shares closed yesterday at $32.45.

According to TipRanks.com, Perito is a 5-star analyst with an average return of 23.7% and a 76.2% success rate. Perito covers the Financial sector, focusing on stocks such as Univest Corporation Of Pennsylvania, Enterprise Financial Services Corp, and Orrstown Financial Services Inc.

Currently, the analyst consensus on Washington Federal is Hold and the average price target is $34.50, representing a 6.3% upside.

In a report issued on May 9, RBC Capital also reiterated a Hold rating on the stock with a $35 price target.

Washington Federal’s market cap is currently $2.9B and has a P/E ratio of 17.17. The company has a book value ratio of 1.4405.

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Washington Federal, Inc. operates as a bank holding company for Washington Federal Savings Bank, Inc., 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. The company was founded on April 24, 1917 and is headquartered in Seattle, WA.