AlphaCore Capital LLC Invests $1.17 Million in WaFd, Inc (NASDAQ:WAFD)

AlphaCore Capital LLC purchased a new position in shares of WaFd, Inc (NASDAQ:WAFD - Free Report) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 33,530 shares of the bank's stock, valued at approximately $1,169,000.

Several other hedge funds also recently modified their holdings of WAFD. Sei Investments Co. lifted its stake in shares of WaFd by 29.1% in the first quarter. Sei Investments Co. now owns 26,467 shares of the bank's stock valued at $768,000 after buying an additional 5,972 shares during the period. Russell Investments Group Ltd. grew its holdings in shares of WaFd by 17,472.3% during the 1st quarter. Russell Investments Group Ltd. now owns 8,259 shares of the bank's stock worth $240,000 after purchasing an additional 8,212 shares in the last quarter. ProShare Advisors LLC grew its holdings in shares of WaFd by 13.1% during the 1st quarter. ProShare Advisors LLC now owns 13,693 shares of the bank's stock worth $398,000 after purchasing an additional 1,581 shares in the last quarter. State Board of Administration of Florida Retirement System increased its position in shares of WaFd by 62.6% during the first quarter. State Board of Administration of Florida Retirement System now owns 30,426 shares of the bank's stock valued at $916,000 after purchasing an additional 11,714 shares during the period. Finally, Vanguard Group Inc. raised its stake in shares of WaFd by 1.6% in the first quarter. Vanguard Group Inc. now owns 7,902,461 shares of the bank's stock valued at $229,408,000 after purchasing an additional 125,020 shares in the last quarter. 83.71% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the stock. Keefe, Bruyette & Woods reissued a "market perform" rating and issued a $40.00 price target on shares of WaFd in a research report on Monday, October 21st. Piper Sandler cut their target price on WaFd from $36.00 to $35.00 and set a "neutral" rating for the company in a research report on Monday, October 21st. DA Davidson upped their price target on WaFd from $39.00 to $41.00 and gave the company a "buy" rating in a research report on Monday, October 21st. Finally, StockNews.com upgraded WaFd from a "sell" rating to a "hold" rating in a research note on Tuesday, November 12th. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $38.00.

Insiders Place Their Bets

In other WaFd news, EVP Ryan Mauer sold 12,132 shares of the stock in a transaction on Monday, November 4th. The stock was sold at an average price of $33.33, for a total value of $404,359.56. Following the transaction, the executive vice president now directly owns 100,376 shares in the company, valued at approximately $3,345,532.08. This trade represents a 10.78 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 2.25% of the company's stock.

WaFd Price Performance

Shares of WAFD traded up $0.76 on Friday, hitting $37.11. The company's stock had a trading volume of 204,978 shares, compared to its average volume of 445,042. The company has a market capitalization of $3.01 billion, a PE ratio of 14.66 and a beta of 0.83. WaFd, Inc has a fifty-two week low of $25.78 and a fifty-two week high of $38.58. The company has a 50 day moving average price of $35.30 and a 200 day moving average price of $32.57. The company has a debt-to-equity ratio of 1.21, a current ratio of 1.08 and a quick ratio of 1.09.

WaFd (NASDAQ:WAFD - Get Free Report) last announced its earnings results on Thursday, October 17th. The bank reported $0.71 EPS for the quarter, topping the consensus estimate of $0.70 by $0.01. WaFd had a return on equity of 9.44% and a net margin of 13.97%. The company had revenue of $389.98 million for the quarter, compared to analysts' expectations of $190.43 million. During the same quarter in the prior year, the business earned $0.72 earnings per share. On average, research analysts anticipate that WaFd, Inc will post 2.82 earnings per share for the current fiscal year.

WaFd Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Friday, November 22nd will be given a $0.26 dividend. This represents a $1.04 annualized dividend and a yield of 2.80%. The ex-dividend date of this dividend is Friday, November 22nd. WaFd's payout ratio is presently 41.94%.

WaFd Company Profile

WaFd, Inc operates as the bank holding company for Washington Federal Bank that provides lending, depository, insurance, and other banking services in the United States. The company offers deposit products, including business and personal checking accounts, and term certificates of deposit, as well as money market accounts and passbook savings accounts.