Washington Federal ( (WAFD) ) is experiencing volatility. Read on for a possible explanation for the stock’s unusual movement.
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Washington Federal’s stock movement is primarily driven by its strategic shift towards becoming a digital-focused commercial bank, showcasing solid asset quality and growth in commercial loans. Despite these positive developments, challenges like a ‘Needs to Improve’ CRA rating have led to a cautious analyst stance, resulting in adjusted price targets. Analysts have maintained a Hold consensus rating, with price targets indicating moderate upside, amidst these mixed signals.
More about Washington Federal
YTD Price Performance: -7.82%
Average Trading Volume: 469,774
Technical Sentiment Consensus Rating: Hold
Current Market Cap: $2.4B
For further insights into WAFD stock on TipRanks’ Stock Analysis page.
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