Keefe, Bruyette & Woods Gives Outperform Rating To Washington Federal Inc (WFSL)

Washington Federal Inc (WFSL) reported fiscal third-quarter EPS of $0.11, following in line with Keefe, Bruyette & Woods estimates and $0.04 above consensus estimates. Following the results, KWB decided to maintain its fiscal 2010 and 2011 EPS estimates of $0.25 and $0.95. However, analysts reduced its set target price to $22.00 from $23.00. Keefe, Bruyette & Woods plan on maintaining its “outperform” rating for WFSL despite the reduction in its target price. WFSL shares started the day trading at $16.23.