How to Buy Washington Federal Stock
Washington Federal Inc
Washington Federal, Inc. operates as the bank holding company for Washington Federal Bank, National Association that provides lending, depository, insurance, and other banking services in the United States.
Washington Federal stock last closed at $29.00, up 6.5% from the previous day, and has decreased 11.45% in one year. It has overperformed other stocks in the Banks - Regional industry by 0.03 percentage points. Washington Federal stock is currently +21.34% from its 52-week low of $23.90, and -25.97% from its 52-week high of $39.17.
As of Jun 6, 2023, there are 65.79M shares of WAFD outstanding. The market value of WAFD is $1.91B. In the last 24 hours, 487,778 WAFD shares were traded.
How to Buy Washington Federal Stock
Not sure how to invest in Washington Federal stock? Here's how.
- Figure out where to buy Washington Federal stock: You need to pick an online brokerage, but don't worry - we've researched dozens of online stock brokerages and apps to help you determine where to buy Washington Federal stock.
- Open your brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've selected.
- Fund your investment account: Pick your payment method and add your details.
- Research Washington Federal stock: The Washington Federal ticker symbol is WAFD. Is Washington Federal stock a good investment? Should you buy shares of WAFD? How do WAFD's underlying business fundamentals look? Do top analysts think Washington Federal is a good buy? Why has WAFD's stock price moved recently? (Hint: Our stock market research tools can help you decide if WAFD is a good stock to buy).
- Execute your WAFD buy order: Decide if you will purchase WAFD shares at the current market price or use a limit order to buy WAFD shares at a given price.
- Keep tabs on your WAFD position: Create a watchlist to key updates about your position in Washington Federal stock.
Step 1: Figure out where to buy Washington Federal stock
You need an online brokerage account to access the NASDAQ market and buy WAFD stock.
Our preferred brokerage: eToro
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- Social investing: eToro has a community of more than 20 million users worldwide. Talk to, learn from, and copy the unique crypto portfolios of top investors.
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- Buy other assets: Such as ETFs and cryptocurrencies.
Get $10 towards your purchase of shares by opening an account with eToro today.
Open eToro AccountStep 2: Open your brokerage account
Now that you've chosen your brokerage, you'll need to fill out some personal info so you can invest in WAFD today.
How to Open a New Brokerage Account on eToro
- Click here to get started.
- Enter your personal info to open a new brokerage account.
- Send your information by hitting the "Create Account" button.
Step 3: Fund your investment account
Now that you've filled out your info on the best beginner stock app, you need to deposit funds:
Check out the video below for more details transferring funds into your brokerage account.
Step 4: Research Washington Federal stock
After you have chosen the best place to buy Washington Federal stock, it's very important to evaluate their stock prior to buying, so you can understand the risk as well as the upside.
Washington Federal Numbers
WAFD Zen Score
WallStreetZen was built to help average investors do more accurate fundamental analysis in less time.
You can see all of the due diligence checks on WAFD's stock page.
What is the fair value of WAFD stock?
Investors use a variety of different financial metrics, analyses, models, and charts to gauge WAFD's true value.
Using relative valuations ratios:
- WAFD may be undervalued based on its P/E ratio of 7.09x, relative to Banks - Regional industry P/E ratio of 19.54x
- WAFD may be undervalued based on its P/B ratio of 0.8x, relative to Banks - Regional industry P/B ratio of 0.92x
- WAFD could be undervalued based on its PEG ratio of 0.73x
You can access more valuation analysis on WAFD's stock here.
Is WAFD a healthy company?
Positive Health Checks:
- WAFD earnings of $360.28M is not sufficient to cover its interest payments.
- WAFD profit margin has gone up from 30.9% to 36.6% in the past year.
Negative Health Checks:
- WAFD's operating cash flow of $296.14M allows it to safely service it's debt of $3.84B.
- Total WAFD debt is higher than 5 years ago, relative to shareholder equity.
- WAFD has a relatively high debt to equity ratio of 8.4.
Is Washington Federal stock a Buy, Hold, or Sell, according to analysts?
Out of 4 sell side analysts who give recommendations on WAFD, the consensus analyst rating on Washington Federal is a Buy
It's important to keep in mind that analyst forecasts are not recommendations, nor are they investment advice.
Latest WAFD Analyst Recommendations
Kashy Harrison, a bottom 2% analyst from Piper Sandler maintains WAFD with a hold rating and lowers their WAFD price target from $33.00 to $29.00, on Apr 17, 2023.
Jeff Rulis, a bottom 10% analyst from DA Davidson maintains WAFD with a strong buy rating and lowers their WAFD price target from $37.00 to $35.00, on Apr 17, 2023.
Kelly Motta, a top 31% analyst from Keefe, Bruyette & Woods maintains WAFD with a buy rating and lowers their WAFD price target from $41.00 to $38.00, on Apr 17, 2023.
Matthew Clark, a top 23% analyst from Piper Sandler maintains WAFD with a hold rating and raises their WAFD price target from $36.00 to $37.00, on Jan 17, 2023.
You can dive deeper into what analysts are saying on the Washington Federal stock forecast page.
WAFD Momentum
Is WAFD Growing Revenue?
Last year, WAFD earnings were $267.51M. During the last five year, WAFD's earnings have gone up by 13.41% per year. This was slower than the Banks - Regional industry average of 19.62%.
Last year, WAFD revenue was $730.33M. During the past five year, WAFD's revenue has grown by 7.65% per year. This was faster than the Banks - Regional industry average of 6.15%.
Learn more about WAFD's earnings and revenue performance here.
Are WAFD executives and large shareholders buying or selling the stock?
Over the past year, executives and large shareholders at WAFD have bought more shares than they have sold.
David K. Grant, Director of WAFD, was the latest WAFD insider to buy. They bought $68,600.00 worth of WAFD stock on May 15, 2023.
Research more about who owns WAFD stock here.
Can I rely on WAFD as an income stream?
Washington Federal pays a dividend of 3.38%, compared to the Banks - Regional industry's average dividend yield of 3.95%. If you owned $1,000 of WAFD stock, you would have been paid $33.79 in the past year.
Washington Federal dividend payments have consistently grown over the past decade but have not remained stable.
Dig into more info about Washington Federal dividend yield and history here.
What do other investors have to say about WAFD?
One of the primary reasons eToro is our highest-rated brokerage is because of its social trading community.
Click below to learn what other traders have to say.
Step 5: Execute your WAFD buy order
You have two primary types of orders:
- Market order: A market order is an order to buy or sell a security at the best price on the market.
Market orders are mostly fine for most investors. - Limit order: A limit order is an order to buy or sell a stock at a specific price (or better).
If you want to be certain you're buying or selling at a given dollar amount, place a limit order.
Click the Open Trade button and your broker will execute your order.
If you want additional assistance buying stocks on eToro, watch the how to video below:
Step 6: Keep tabs on your WAFD position
Now that you own some WAFD stock, you'll want to stay up-to-date on your company.
Make a watchlist to keep track of your WAFD stock.
WAFD Feed
How to Buy Stock in Washington Federal
To reiterate, here are the 6 steps for buying Washington Federal stock:
- Figure out where to buy Washington Federal stock
- Open your brokerage account
- Fund your investment account
- Research Washington Federal stock
- Execute your WAFD buy order
- Keep tabs on your WAFD position
If you require a place to buy stocks, eToro is our favorite option.
Get Started with eToro TodayIf you would like to get the latest news on your new investment in Washington Federal, get started below.
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