Citigroup Inc. boosted its holdings in shares of WaFd, Inc (NASDAQ:WAFD - Free Report) by 11.9% in the third quarter, according to its most recent filing with the SEC. The firm owned 186,174 shares of the bank's stock after acquiring an additional 19,751 shares during the period. Citigroup Inc. owned 0.23% of WaFd worth $6,488,000 as of its most recent filing with the SEC.
Other institutional investors and hedge funds also recently made changes to their positions in the company. AlphaCore Capital LLC bought a new stake in shares of WaFd in the 3rd quarter valued at about $1,169,000. Charles Schwab Investment Management Inc. increased its stake in WaFd by 7.4% in 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. Intech Investment Management LLC acquired a new stake in WaFd in the third quarter worth $611,000. Pathstone Holdings LLC boosted its position in shares of WaFd by 48.8% during the third quarter. Pathstone Holdings LLC now owns 50,431 shares of the bank's stock worth $1,758,000 after purchasing an additional 16,539 shares in the last quarter. Finally, Quest Partners LLC bought a new position in shares of WaFd during the third quarter worth $1,091,000. Institutional investors own 83.71% of the company's stock.
Insider Transactions at WaFd
In related news, EVP Ryan Mauer sold 12,132 shares of the business's stock in a transaction on Monday, November 4th. The shares were sold at an average price of $33.33, for a total transaction 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. The trade was a 10.78 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 2.25% of the company's stock.
Wall Street Analysts Forecast Growth
Several analysts recently commented on the company. StockNews.com raised WaFd from a "sell" rating to a "hold" rating in a research note on Tuesday, November 12th. Keefe, Bruyette & Woods reaffirmed a "market perform" rating and set a $40.00 price target on shares of WaFd in a research report on Monday, October 21st. DA Davidson boosted their price objective on WaFd from $39.00 to $41.00 and gave the company a "buy" rating in a research report on Monday, October 21st. Finally, Piper Sandler dropped their target price on shares of WaFd from $36.00 to $35.00 and set a "neutral" rating on the stock in a report on Monday, October 21st. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $38.00.
Get Our Latest Stock Analysis on WAFD
WaFd Stock Down 1.4 %
Shares of NASDAQ:WAFD traded down $0.53 during mid-day trading on Friday, reaching $36.58. 242,130 shares of the stock were exchanged, compared to its average volume of 410,404. The stock's 50 day simple moving average is $35.44 and its 200-day simple moving average is $32.95. WaFd, Inc has a one year low of $25.78 and a one year high of $38.62. The company has a market cap of $2.98 billion, a P/E ratio of 14.75 and a beta of 0.83. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 1.21.
WaFd (NASDAQ:WAFD - Get Free Report) last issued its quarterly earnings results on Thursday, October 17th. The bank reported $0.71 earnings per share for the quarter, topping the consensus estimate 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 analysts' expectations of $190.43 million. During the same period last year, the business earned $0.72 EPS. As a group, equities research analysts predict that WaFd, Inc will post 2.82 EPS for the current year.
WaFd Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Friday, November 22nd will be given a dividend of $0.26 per share. The ex-dividend date of this dividend is Friday, November 22nd. This represents a $1.04 annualized dividend and a yield of 2.84%. WaFd's dividend payout ratio (DPR) is presently 41.94%.
WaFd Company Profile
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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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