Alert: Positive Investment/Fundamental Signals (12/4/23)-Washington Federal Inc. (NASDAQ: WAFD)


Extremely important positive changes in investment behavior have recently occurred for Washington Federal Inc. (NASDAQ: WAFD): positive upside/downside volume developed, and the stock’s recent price rise disrupted its longer term downtrend.

Washington Federal Inc. (NASDAQ: WAFD). Important positive changes in fundamentals have recently occurred: significant quarterly earnings acceleration occurred, and significant quarterly sales acceleration occurred.

In light of these very positive signals we are reviewing our current Overall Rating of B. We would continue to view the shares with optimism pending completion of this review in the next several days.


Current PriceTarget Research Rating

WAFD’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be a modest Value Builder.

Washington Federal has a current Value Trend Rating of B (Positive). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. Washington Federal has a very high Appreciation Score of 90 but a slightly negative Power Rating of 38, leading to the Positive Value Trend Rating.

Recent Price Action

Washington Federal Inc. (NASDAQ: WAFD) stock enjoyed a large increase of 3.4% on 12/4/23. The stock closed at $29.26. However, this advance was accompanied by below average trading volume at 78% of normal. The stock has performed in line with the market over the last nine months and has risen 8.7% during the last week.

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