Charles Schwab Investment Management Inc. grew its position in shares of WaFd, Inc (NASDAQ:WAFD - Free Report) by 7.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,225,248 shares of the bank's stock after acquiring an additional 84,155 shares during the period. Charles Schwab Investment Management Inc. owned about 1.51% of WaFd worth $42,700,000 as of its most recent SEC filing.
Other institutional investors also recently modified their holdings of the company. Assenagon Asset Management S.A. bought a new stake in WaFd in the third quarter valued at $18,583,000. American Century Companies Inc. boosted its stake in shares of WaFd by 31.6% during the 2nd quarter. American Century Companies Inc. now owns 1,274,665 shares of the bank's stock valued at $36,430,000 after purchasing an additional 305,942 shares in the last quarter. Victory Capital Management Inc. increased its position in shares of WaFd by 113.4% during the second quarter. Victory Capital Management Inc. now owns 272,721 shares of the bank's stock valued at $7,794,000 after buying an additional 144,920 shares during the period. Principal Financial Group Inc. raised its stake in WaFd by 28.6% in the third quarter. Principal Financial Group Inc. now owns 428,504 shares of the bank's stock worth $14,933,000 after buying an additional 95,251 shares in the last quarter. Finally, Roubaix Capital LLC purchased a new stake in WaFd in the third quarter worth about $3,281,000. 83.71% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
A number of research analysts have weighed in on the company. DA Davidson upped their target price on WaFd from $39.00 to $41.00 and gave the stock a "buy" rating in a report on Monday, October 21st. StockNews.com upgraded shares of WaFd from a "sell" rating to a "hold" rating in a research note on Tuesday, November 12th. Keefe, Bruyette & Woods reissued a "market perform" rating and set a $40.00 price objective on shares of WaFd in a research note on Monday, October 21st. Finally, Piper Sandler decreased their target price on shares of WaFd from $36.00 to $35.00 and set a "neutral" rating for the company in a research note on Monday, October 21st. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $38.00.
Read Our Latest Stock Report on WaFd
WaFd Stock Down 0.5 %
WAFD stock traded down $0.17 during trading on Monday, hitting $36.41. 543,416 shares of the stock traded hands, compared to its average volume of 444,383. The company has a debt-to-equity ratio of 1.21, a current ratio of 1.08 and a quick ratio of 1.08. The stock has a market cap of $2.96 billion, a price-to-earnings ratio of 14.68 and a beta of 0.83. WaFd, Inc has a 1 year low of $25.78 and a 1 year high of $38.62. The firm's 50 day moving average is $35.46 and its two-hundred day moving average is $33.02.
WaFd (NASDAQ:WAFD - Get Free Report) last announced its quarterly earnings data on Thursday, October 17th. The bank reported $0.71 earnings per share for the quarter, topping analysts' consensus estimates of $0.70 by $0.01. WaFd had a net margin of 13.97% and a return on equity of 9.44%. The company had revenue of $389.98 million during the quarter, compared to analyst estimates of $190.43 million. During the same period in the previous year, the business earned $0.72 EPS. On average, sell-side analysts anticipate that WaFd, Inc will post 2.82 EPS for the current year.
WaFd Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Friday, November 22nd will be issued a $0.26 dividend. The ex-dividend date is Friday, November 22nd. This represents a $1.04 annualized dividend and a yield of 2.86%. WaFd's payout ratio is 41.94%.
Insider Buying and Selling at WaFd
In related news, EVP Ryan Mauer sold 12,132 shares of the firm's stock in a transaction that occurred on Monday, November 4th. The shares were sold at an average price of $33.33, for a total value of $404,359.56. Following the transaction, the executive vice president now owns 100,376 shares of the company's stock, valued at approximately $3,345,532.08. This trade represents a 10.78 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 2.25% of the company's stock.
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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