Washington Federal Inc. (WAFD) Soars 5.7%

Washington Federal Inc. (WAFD) had a good day on the market for Tuesday April 16 as shares jumped 5.7% to close at $32.27. About 1.11 million shares traded hands on 9,425 trades for the day, compared with an average daily volume of n/a shares out of a total float of 81.11 million. After opening the trading day at $30.52, shares of Washington Federal Inc. stayed within a range of $32.30 to $30.09.

With today’s gains, Washington Federal Inc. now has a market cap of $2.62 billion. Shares of Washington Federal Inc. have been trading within a range of $35.25 and $24.67 over the last year, and it had a 50-day SMA of $n/a and a 200-day SMA of $n/a.

Washington Federal Inc runs more than 200 offices across eight states, primarily in the West. Key states include Washington, Oregon, and Arizona, which account for nearly 80% of loans. Profits are derived mostly from interest sources, as non interest income makes up only about 7% of net revenue. Most of the loan book is oriented toward single-family mortgages, which account for 65% of the portfolio. Multifamily loans account for nearly 11%, and commercial real estate loans for about an additional 8%.

Washington Federal Inc. is based out of Seattle, WA and has some 1,910 employees. Its CEO is .

For a complete fundamental analysis of Washington Federal Inc., check out Equities.com’s Stock Valuation Analysis report for WAFD.

Washington Federal Inc. is also a component of the Russell 2000. The Russell 2000 is one of the leading indices tracking small-cap companies in the United States. It’s maintained by Russell Investments, an industry leader in creating and maintaining indices, and consists of the smallest 2000 stocks from the broader Russell 3000 index.

Russell’s indices differ from traditional indices like the Dow Jones Industrial Average (DJIA) or S&P 500, whose members are selected by committee, because they base membership entirely on an objective, rules based methodology. The 3,000 largest companies by market cap make up the Russell 3000, with the 2,000 smaller companies making up the Russell 2000. It’s a simple approach that gives a broad, unbiased look at the small-cap market as a whole.

To get more information on Washington Federal Inc. and to follow the company’s latest updates, you can visit the company’s profile page here: WAFD’s Profile. For more news on the financial markets and emerging growth companies, be sure to visit Equities.com’s Newsdesk. Also, don’t forget to sign-up for our daily email newsletter to ensure you don’t miss out on any of our best stories.