Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of WaFd, Inc (NASDAQ:WAFD - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 15,469 shares of the bank's stock, valued at approximately $499,000.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Systematic Financial Management LP increased its stake in shares of WaFd by 21.5% during the 3rd quarter. Systematic Financial Management LP now owns 1,432,523 shares of the bank's stock worth $49,923,000 after purchasing an additional 253,044 shares during the last quarter. State Street Corp increased its position in WaFd by 5.2% during 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 during the last quarter. Geode Capital Management LLC increased its position in WaFd by 10.0% during the third quarter. Geode Capital Management LLC now owns 1,759,135 shares of the bank's stock worth $61,318,000 after buying an additional 159,750 shares during the last quarter. 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 valued at $14,933,000 after buying an additional 95,251 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of 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 buying an additional 84,155 shares during the last quarter. 83.71% of the stock is owned by institutional investors.
Analyst Upgrades and Downgrades
WAFD has been the topic of a number of recent analyst reports. Stephens reissued an "equal weight" rating and set a $38.00 target price on shares of WaFd in a report on Friday, January 17th. StockNews.com raised shares of WaFd from a "sell" rating to a "hold" rating in a research report on Thursday, March 6th. DA Davidson cut shares of WaFd from a "buy" rating to a "neutral" rating and cut their target price for the stock from $35.00 to $32.00 in a research note on Thursday, February 6th. Piper Sandler decreased their price target on shares of WaFd from $37.00 to $31.00 and set a "neutral" rating on the stock in a research note on Tuesday, January 21st. Finally, Keefe, Bruyette & Woods lowered their price target on shares of WaFd from $42.00 to $34.00 and set a "market perform" rating on the stock in a report on Tuesday, January 21st. Five equities research analysts have rated the stock with a hold rating, According to MarketBeat.com, WaFd currently has a consensus rating of "Hold" and a consensus target price of $33.75.
View Our Latest Research Report on WAFD
WaFd Stock Performance
Shares of WAFD traded up $0.28 during midday trading on Wednesday, reaching $28.93. 493,996 shares of the stock were exchanged, compared to its average volume of 473,531. The stock's 50 day simple moving average is $29.43 and its 200 day simple moving average is $32.91. The company has a market cap of $2.36 billion, a P/E ratio of 13.33 and a beta of 0.83. WaFd, Inc has a twelve month low of $25.79 and a twelve month high of $38.62. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 1.05.
WaFd Increases Dividend
The business also recently declared a quarterly dividend, which was paid on Friday, March 7th. Investors of record on Friday, February 21st were given a dividend of $0.27 per share. The ex-dividend date was Friday, February 21st. This represents a $1.08 dividend on an annualized basis and a yield of 3.73%. This is an increase from WaFd's previous quarterly dividend of $0.26. WaFd's dividend payout ratio is currently 49.77%.
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.
See Also
Before you consider WaFd, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and WaFd wasn't on the list.
While WaFd currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering when you'll finally be able to invest in SpaceX, Starlink, or X.AI? Enter your email address to learn when Elon Musk will let these companies finally IPO.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
