Washington Federal, Inc. operates as the bank holding company for Washington Federal, National Association that provides lending, depository, insurance, and other banking services in the United States.
Flawless balance sheet established dividend payer.
Share Price & News
How has Washington Federal's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: WAFD has not had significant price volatility in the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: WAFD underperformed the US Mortgage industry which returned -24.3% over the past year.
Return vs Market: WAFD underperformed the US Market which returned 5% over the past year.
Price Volatility Vs. Market
How volatile is Washington Federal's share price compared to the market and industry in the last 5 years?
Simply Wall St News
2 weeks ago | Simply Wall StWhy Washington Federal, Inc. (NASDAQ:WAFD) Is A Top Dividend Stock
1 month ago | Simply Wall StIs Washington Federal, Inc. (NASDAQ:WAFD) Excessively Paying Its CEO?
1 month ago | Simply Wall StThe President of Washington Federal, Inc. (NASDAQ:WAFD), Brent Beardall, Just Bought 1.5% More Shares
Is Washington Federal undervalued compared to its fair value and its price relative to the market?
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: WAFD ($25.89) is trading above our estimate of fair value ($25.82)
Significantly Below Fair Value: WAFD is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: WAFD is good value based on its PE Ratio (9.7x) compared to the Mortgage industry average (11.1x).
PE vs Market: WAFD is good value based on its PE Ratio (9.7x) compared to the US market (16.5x).
Price to Earnings Growth Ratio
PEG Ratio: WAFD's earnings are forecast to decline next year, so we can't calculate its PEG ratio.
Price to Book Ratio
PB vs Industry: WAFD is overvalued based on its PB Ratio (1x) compared to the US Mortgage industry average (0.8x).
How is Washington Federal forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: WAFD's earnings are forecast to decline over the next 3 years (-20% per year).
Earnings vs Market: WAFD's earnings are forecast to decline over the next 3 years (-20% per year).
High Growth Earnings: WAFD's earnings are forecast to decline over the next 3 years.
Revenue vs Market: WAFD's revenue (0.5% per year) is forecast to grow slower than the US market (9.3% per year).
High Growth Revenue: WAFD's revenue (0.5% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: WAFD's Return on Equity is forecast to be low in 3 years time (6.8%).
How has Washington Federal performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: WAFD has high quality earnings.
Growing Profit Margin: WAFD's current net profit margins (36%) are lower than last year (38.4%).
Past Earnings Growth Analysis
Earnings Trend: WAFD's earnings have grown by 7.6% per year over the past 5 years.
Accelerating Growth: WAFD's earnings growth over the past year (1.4%) is below its 5-year average (7.6% per year).
Earnings vs Industry: WAFD earnings growth over the past year (1.4%) underperformed the Mortgage industry 4.5%.
Return on Equity
High ROE: WAFD's Return on Equity (10.6%) is considered low.
How is Washington Federal's financial position? (This company is analysed differently as a bank or financial institution)
Financial Position Analysis
Debt to Equity History and Analysis
Financial Institutions Analysis
Asset Level: WAFD's Assets to Equity ratio (8.7x) is low.
Allowance for Bad Loans: WAFD has a sufficient allowance for bad loans (428%).
Low Risk Liabilities: 79% of WAFD's liabilities are made up of primarily low risk sources of funding.
Loan Level: WAFD has an appropriate level of Loans to Assets ratio (69%).
Low Risk Deposits: WAFD's Loans to Deposits ratio (99%) is appropriate.
Level of Bad Loans: WAFD has an appropriate level of bad loans (0.2%).
What is Washington Federal current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: WAFD's dividend (3.4%) is higher than the bottom 25% of dividend payers in the US market (1.67%).
High Dividend: WAFD's dividend (3.4%) is low compared to the top 25% of dividend payers in the US market (4.5%).
Stability and Growth of Payments
Stable Dividend: WAFD's dividends per share have been stable in the past 10 years.
Growing Dividend: WAFD's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (32.2%), WAFD's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: WAFD's dividends in 3 years are forecast to be covered by earnings (51.8% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Brent Beardall (49yo)
Mr. Brent J. Beardall, CPA has been the Chief Executive Officer of Washington Federal, Inc. since April 1, 2017 and has been its President since July 26, 2016. Mr. Beardall has been the President of Washin ...
CEO Compensation Analysis
Compensation vs Market: Brent's total compensation ($USD2.26M) is below average for companies of similar size in the US market ($USD4.70M).
Compensation vs Earnings: Brent's compensation has been consistent with company performance over the past year.
|Chief Financial Officer||4.17yrs||US$891.16k||0.082% $1.6m|
|Executive VP||11.5yrs||US$807.41k||0.078% $1.5m|
|Senior Advisor||0.75yr||US$1.06m||0.17% $3.4m|
|Senior Advisor||3.58yrs||US$823.49k||0.069% $1.3m|
|Executive Vice President of Operations||2.17yrs||no data||0.058% $1.1m|
|Principal Accounting Officer & Senior VP||4yrs||no data||0.013% $257.7k|
|Chief Information Officer & Executive VP||no data||no data||no data|
|Senior VP||no data||no data||no data|
|Chief of Communications||3.83yrs||no data||no data|
Experienced Management: WAFD's management team is considered experienced (3.7 years average tenure).
|Independent Director||8yrs||US$125.75k||0.045% $891.8k|
|Independent Director||7.83yrs||US$123.75k||0.052% $1.0m|
|Director Emeritus||no data||US$19.50k||no data|
|Independent Director||1.25yrs||US$71.63k||0.0047% $92.1k|
|Independent Director||1yr||US$39.01k||0.082% $1.6m|
|Independent Chairman of the Board||1.75yrs||US$158.75k||0.033% $655.8k|
|Independent Director||14.5yrs||US$124.75k||0.037% $717.0k|
|Independent Director||9.33yrs||US$125.25k||0.12% $2.3m|
|Independent Director||1.92yrs||US$122.00k||0.0034% $66.6k|
Experienced Board: WAFD's board of directors are considered experienced (3.3 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: WAFD insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Washington Federal, Inc.'s company bio, employee growth, exchange listings and data sources
- Name: Washington Federal, Inc.
- Ticker: WAFD
- Exchange: NasdaqGS
- Founded: 1917
- Industry: Thrifts and Mortgage Finance
- Sector: Banks
- Market Cap: US$1.960b
- Shares outstanding: 75.71m
- Website: https://www.wafdbank.com
Number of Employees
- Washington Federal, Inc.
- 425 Pike Street
- United States
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|WAFD||NasdaqGS (Nasdaq Global Select)||Yes||Common Stock||US||USD||Nov 1982|
|WAO||DB (Deutsche Boerse AG)||Yes||Common Stock||DE||EUR||Nov 1982|
Washington Federal, Inc. operates as the bank holding company for Washington Federal, National Association that provides lending, depository, insurance, and other banking services in the United States. The company accepts deposit products, including business and personal checking accounts, and term certificates of deposit, as well as money market accounts and passbook savings accounts. It also provides single-family residential, construction, land acquisition and development, land consumer lot, multi-family residential, commercial and industrial, commercial real estate, home equity, business, and consumer loans. In addition, the company offers insurance brokerage services, such as individual and business insurance policies to customers and general public; holds and markets real estate properties; and acts as trustee. It serves consumers, mid-sized and large businesses, and owners and developers of commercial real estate. As of September 30, 2019, the company had 234 branches located in Washington, Oregon, Idaho, Arizona, Utah, Nevada, New Mexico, and Texas. Washington Federal, Inc. was founded in 1917 and is headquartered in Seattle, Washington.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/07/04 23:52|
|End of Day Share Price||2020/07/02 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.