Loan Growth And Asset Quality Aid Washington Federal (WAFD)
Zacks Investment Research | Sep 17, 2019 09:13PM ET
Washington Federal, Inc. (NASDAQ:WAFD) is well positioned to benefit from continued improvement in loan balances and impressive asset quality. Moreover, given a solid capital position, the company is expected to continue enhancing shareholder value through efficient capital deployment activities.
Also, its earnings estimates for fiscal 2019 have increased marginally over the past 60 days, reflecting that analysts are optimistic regarding its earnings growth potential. Thus, the stock currently carries a Zacks Rank #2 (Buy).
Washington Federal’s price performance also seems impressive. The company’s shares have gained 42.4% so far this year, outperforming the Original post
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