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Mkt Perform

Washington Federal, Inc. (NASDAQ: WAFD) downgraded to Mkt Perform by FBR Capital

Monday,  Jun 4, 2012  8:25 AM ET by Dave Ficere

FBR Capital downgraded Washington Federal, Inc. (NASDAQ: WAFD) to Mkt Perform.
Previously FBR Capital rated Outperform with price target $22 Washington Federal, Inc. (NASDAQ: WAFD) on 02/08/2010, when the stock price was $19.14.

Washington Federal, Inc. is a non-diversified unitary savings and loan holding company. The business of Washington Federal consists primarily of attracting savings deposits from the general public and investing these funds in loans secured by first mortgage liens on single-family dwellings, including loans for the construction of such dwellings, and to a significantly lesser extent, on commercial property and multi-family dwellings. It also originates other types of loans for its portfolio and invests in certain United States Government and agency obligations.

FBR Capital uses a highly disciplined analysis focused on intrinsic value, which we developed to critically examine the capital structure of the companies we cover, as well as their competitive positions and the growth opportunities within their industries. We apply this discipline – which helps us assess how effectively a company’s managers deploy the capital entrusted to them – not only in our published research but also when making investing and underwriting judgments.



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