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Washington Federal (WAFD) Looks Good: Stock Adds 5.7% in Session

Zacks Equity Research

Washington Federal, Inc. WAFD was a big mover last session, as the company saw its shares rise nearly 6% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $28.10 to $30.94 in the past one-month time frame.

The upmove came after the company's fiscal second-quarter 2019 (ended Mar 31, 2019) earnings surpassed analyst estimates.

The company has seen no changes when it comes to estimate revision over the past few weeks, while the Zacks Consensus Estimate for the current quarter has also remained unchanged. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.

Washington Federal currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.  

Washington Federal, Inc. Price

Washington Federal, Inc. Price | Washington Federal, Inc. Quote

Investors interested in the Banks - Northeast industry may consider Fulton Financial Corporation FULT, which has a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
 
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