Sterne Agee Maintains Buy on Washington Federal
Sterne Agee is out with its report today on Washington Federal (NASDAQ: WFSL), maintaining Buy.
In a note to clients, Sterne Agee writes, "Besides the recently announced share repurchase, we expect WFSL to outperform due to a high pre-provision earning power becoming more evident, and note the MOU could be lifted this summer. Results this quarter should also be a positive with lower provisioning and solid resolution of ORE totals."
Sterne Agee maintains an $18 PT on WFSL.
At the time of posting, shares of WFSL were trading at $16.64, down 0.78% from Friday's close.
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