Brandywine Global Investment Management LLC trimmed its holdings in WaFd, Inc (NASDAQ:WAFD - Free Report) by 59.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 138,147 shares of the bank's stock after selling 198,655 shares during the quarter. Brandywine Global Investment Management LLC owned about 0.17% of WaFd worth $4,454,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other large investors have also added to or reduced their stakes in the business. McIlrath & Eck LLC lifted its position in shares of WaFd by 112.7% during the 3rd quarter. McIlrath & Eck LLC now owns 1,323 shares of the bank's stock valued at $46,000 after acquiring an additional 701 shares during the period. Harbour Investments Inc. raised its holdings in shares of WaFd by 29.6% during the fourth quarter. Harbour Investments Inc. now owns 1,752 shares of the bank's stock valued at $56,000 after purchasing an additional 400 shares during the period. Blue Trust Inc. raised its holdings in shares of WaFd by 68.4% during the fourth quarter. Blue Trust Inc. now owns 2,000 shares of the bank's stock valued at $70,000 after purchasing an additional 812 shares during the period. US Bancorp DE boosted its position in shares of WaFd by 136.7% during the 4th quarter. US Bancorp DE now owns 3,638 shares of the bank's stock worth $117,000 after purchasing an additional 2,101 shares in the last quarter. Finally, KBC Group NV grew its stake in shares of WaFd by 34.5% in the 4th quarter. KBC Group NV now owns 3,762 shares of the bank's stock valued at $121,000 after buying an additional 965 shares during the period. Institutional investors and hedge funds own 83.71% of the company's stock.
WaFd Stock Down 5.0 %
NASDAQ:WAFD traded down $1.34 during trading hours on Friday, hitting $25.24. 818,016 shares of the company traded hands, compared to its average volume of 506,529. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 1.05. The company has a market cap of $2.06 billion, a PE ratio of 11.63 and a beta of 0.79. The firm's 50-day simple moving average is $29.06 and its 200-day simple moving average is $32.47. WaFd, Inc has a one year low of $24.55 and a one year high of $38.62.
WaFd Increases Dividend
The company also recently declared a quarterly dividend, which was paid on Friday, March 7th. Investors of record on Friday, February 21st were issued a dividend of $0.27 per share. The ex-dividend date was Friday, February 21st. This is a boost from WaFd's previous quarterly dividend of $0.26. This represents a $1.08 annualized dividend and a yield of 4.28%. WaFd's payout ratio is 49.77%.
Wall Street Analyst Weigh In
WAFD has been the subject of several recent research reports. Keefe, Bruyette & Woods decreased their price objective on WaFd from $42.00 to $34.00 and set a "market perform" rating for the company in a report on Tuesday, January 21st. StockNews.com lowered shares of WaFd from a "hold" rating to a "sell" rating in a research note on Friday. Stephens reaffirmed an "equal weight" rating and issued a $38.00 price objective on shares of WaFd in a research note on Friday, January 17th. Piper Sandler reduced their price objective on shares of WaFd from $37.00 to $31.00 and set a "neutral" rating for the company in a report on Tuesday, January 21st. Finally, DA Davidson lowered shares of WaFd from a "buy" rating to a "neutral" rating and lowered their target price for the stock from $35.00 to $32.00 in a report on Thursday, February 6th. One investment analyst has rated the stock with a sell rating and four have given a hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $33.75.
Check Out Our Latest Analysis on WaFd
About WaFd
(
Free Report)
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.
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