Bank of New York Mellon Corp Acquires 28,849 Shares of WaFd, Inc (NASDAQ:WAFD)

Bank of New York Mellon Corp grew its position in shares of WaFd, Inc (NASDAQ:WAFD - Free Report) by 4.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 736,564 shares of the bank's stock after acquiring an additional 28,849 shares during the period. Bank of New York Mellon Corp owned about 0.91% of WaFd worth $23,747,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. State Street Corp raised its stake in WaFd by 5.2% in the third quarter. State Street Corp now owns 3,969,790 shares of the bank's stock worth $138,347,000 after buying an additional 195,845 shares in the last quarter. Geode Capital Management LLC lifted its stake in shares of WaFd by 10.0% in the 3rd quarter. Geode Capital Management LLC now owns 1,759,135 shares of the bank's stock valued at $61,318,000 after purchasing an additional 159,750 shares during the period. Systematic Financial Management LP lifted its stake in shares of WaFd by 21.5% in the 3rd quarter. Systematic Financial Management LP now owns 1,432,523 shares of the bank's stock valued at $49,923,000 after purchasing an additional 253,044 shares during the period. Charles Schwab Investment Management Inc. boosted its position in shares of WaFd by 7.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,225,248 shares of the bank's stock valued at $42,700,000 after purchasing an additional 84,155 shares in the last quarter. Finally, Principal Financial Group Inc. grew its stake in WaFd by 4.5% in the fourth quarter. Principal Financial Group Inc. now owns 447,621 shares of the bank's stock worth $14,431,000 after purchasing an additional 19,117 shares during the period. 83.71% of the stock is currently owned by hedge funds and other institutional investors.

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WaFd Stock Performance

NASDAQ WAFD traded up $0.03 during trading hours on Thursday, hitting $27.75. The company's stock had a trading volume of 380,262 shares, compared to its average volume of 520,661. The company has a debt-to-equity ratio of 1.05, a current ratio of 1.04 and a quick ratio of 1.04. The company has a market cap of $2.26 billion, a P/E ratio of 12.79 and a beta of 0.82. The company's 50 day simple moving average is $30.04 and its two-hundred day simple moving average is $33.43. WaFd, Inc has a 12 month low of $25.78 and a 12 month high of $38.62.

WaFd Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 7th. Stockholders of record on Friday, February 21st were issued a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a dividend yield of 3.89%. This is a boost from WaFd's previous quarterly dividend of $0.26. The ex-dividend date of this dividend was Friday, February 21st. WaFd's payout ratio is presently 49.77%.

Analysts Set New Price Targets

WAFD has been the subject of a number of recent research reports. Piper Sandler lowered their price target on shares of WaFd from $37.00 to $31.00 and set a "neutral" rating for the company in a research report on Tuesday, January 21st. DA Davidson lowered shares of WaFd from a "buy" rating to a "neutral" rating and lowered their target price for the company from $35.00 to $32.00 in a report on Thursday, February 6th. Stephens restated an "equal weight" rating and issued a $38.00 price target on shares of WaFd in a research note on Friday, January 17th. Keefe, Bruyette & Woods lowered their price objective on WaFd from $42.00 to $34.00 and set a "market perform" rating for the company in a research note on Tuesday, January 21st. Finally, StockNews.com upgraded WaFd from a "sell" rating to a "hold" rating in a report on Thursday, March 6th. Five research analysts have rated the stock with a hold rating, According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $33.75.

WaFd 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.