This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

6 Banks Actually Growing Their Banking Business

5. Washington Federal

Shares of Washington Federal (WAFD - Get Report) 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.

3 of 7

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG
COF $80.81 0.46%
CVBF $15.65 -1.00%
DFS $58.65 0.45%
TCB $15.38 -0.58%
WAFD $21.56 -1.70%

Markets

DOW 18,081.67 +1.53 0.01%
S&P 500 2,111.82 -5.87 -0.28%
NASDAQ 5,065.54 -26.5450 -0.52%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs