5. Washington Federal
Shares of Washington Federal (WAFD) of Seattle closed at $17.17 Tuesday, returning 23% year-to-date, following a 16% decline last year.
Based on an 8-cent quarter payout, the shares have dividend yield of 1.86%.For its fiscal second quarter ended March 31, Washington Federal reported net interest income of $104.6 million, increasing 1% from the previous quarter and 3% year-over-year. The net interest margin for the fiscal second quarter was 3.29%, according to HighlineFI, increasing from 3.23% the previous quarter and 3.21% a year earlier. Fiscal second-quarter net income was $34.1 million, or 32 cents a share, increasing from $33.4 million the previous quarter, and $25.8 million, or 23 cents a share, a year earlier. The year-over-year earnings improvement reflected a decline in the provision for loan losses to $18 million in the fiscal second quarter, from $30.8 million, in year-earlier period. The fiscal second-quarter ROA was 1.00%, while the ROE was 7.12%. The shares trade for 1.1 times tangible book value, according to HighlineFI, and for 11 times the consensus 2013 EPS estimate of $1.54. The consensus 2012 EPS estimate is $1.32. Interested in more on Washington Federal? See TheStreet Ratings' report card for this stock.
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