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Washington Federal Stock Hits New 52-Week High (WAFD)

By TheStreet Wire 05/03/12 - 09:10 AM EDT

Find out if (WAFD) is in Cramer's Portfolio.

NEW YORK (TheStreet) -- Washington Federal (Nasdaq:WAFD) hit a new 52-week high Thursday as it is currently trading at $17.95, above its previous 52-week high of $17.89 with 21,248 shares traded as of 9:45 a.m. ET. Average volume has been 419,700 shares over the past 30 days.

Washington Federal has a market cap of $1.89 billion and is part of the financial sector and banking industry. Shares are up 25.7% year to date as of the close of trading on Wednesday.

Washington Federal, Inc. operates as the holding company for Washington Federal that provides various financial services in the United States. The company's principal deposit products include certificates of deposits, term certificate accounts, and checking accounts. The company has a P/E ratio of 14.9, equal to the average banking industry P/E ratio and below the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Washington Federal as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, expanding profit margins, impressive record of earnings per share growth, notable return on equity and compelling growth in net income. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. You can view the full Washington Federal Ratings Report.

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