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Washington Federal Stock Symbol: WAFD-Q

Last Price Recorded: $32.0000 on 2017-09-18

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Date Signal Expert Opinion Price
2017-06-21 HOLD Gordon Reid

A western based bank. They bought a large chunk of branches from Bank of America (BAC-N) 3 or 4 years ago. A well-run bank. As the yield curve starts to steepen they will start to make more money. They’ll also be the beneficiary of a looser regulatory environment.


Price:
$32.450
Subject:
US EQUITIES
Bias:
UNKNOWN
Owned:
Yes
2017-03-16 TOP PICK Gordon Reid

A regional bank in 8 states with 240 branches. They almost doubled their size a number of years ago when they bought a group of Bank of America’s (BAC-N) branches. Regional banks are going to benefit dramatically from easing of regulations. Regulation has been a really big, big problem for financial institutions. The big banks get all the air time, but the small banks, on the basis of dollars spent, are spending a ton of money trying to satisfy compliance and regulatory requirements, and a lot of that is going to go away. That will go straight to the bottom line. Also, loan growth will be a lot healthier in an improving economy and an increasingly steep yield curve, which will increase net interest margins, allowing them to make money on the interest spread. Dividend yield of 1.8%. (Analysts’ price target is $34.)


Price:
$32.950
Subject:
US EQUITIES
Bias:
UNKNOWN
Owned:
Yes
2015-01-15 PAST TOP PICK Gordon Reid

(A Top Pick Jan 29/14. Down 8.04%.) Bought about 50 branches from Bank of America and have done well with them. Loan growth and deposits have been good. Until we start to see interest rates rise, none of the banks are going to get any traction. He is content to continue holding.


Price:
$19.900
Subject:
US EQUITIES
Bias:
OPTIMISTIC
Owned:
Yes
2014-01-29 TOP PICK Gordon Reid

These banks are in a number of the West Coast states such as Washington, Oregon, New Mexico and Nevada. Just completed the purchase of 74 of Bank of America’s (BAC-N) operations which will bring them to 250 branches. If the yield curve starts to steepen and we see a stronger economy and stronger loan growth, you are going to get a net interest margin benefit, which is good for regional banks.


Price:
$22.000
Subject:
US EQUITIES
Bias:
OPTIMISTIC
Owned:
Yes
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