Dean Investment Associates LLC Acquires 19,716 Shares of WaFd, Inc (NASDAQ:WAFD)

Dean Investment Associates LLC grew its stake in WaFd, Inc (NASDAQ:WAFD - Free Report) by 39.2% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 70,060 shares of the bank's stock after acquiring an additional 19,716 shares during the quarter. Dean Investment Associates LLC owned 0.09% of WaFd worth $2,442,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of WAFD. Louisiana State Employees Retirement System increased its stake in WaFd by 1.2% during the 2nd quarter. Louisiana State Employees Retirement System now owns 34,000 shares of the bank's stock valued at $972,000 after purchasing an additional 400 shares in the last quarter. D.A. Davidson & CO. grew its holdings in shares of WaFd by 1.1% during the third quarter. D.A. Davidson & CO. now owns 41,400 shares of the bank's stock valued at $1,443,000 after buying an additional 437 shares during the last quarter. Blue Trust Inc. increased its position in shares of WaFd by 80.8% during the third quarter. Blue Trust Inc. now owns 1,188 shares of the bank's stock valued at $41,000 after acquiring an additional 531 shares in the last quarter. Covestor Ltd raised its holdings in WaFd by 60.1% in the 3rd quarter. Covestor Ltd now owns 1,904 shares of the bank's stock worth $66,000 after acquiring an additional 715 shares during the last quarter. Finally, KBC Group NV lifted its position in WaFd by 35.1% in the 3rd quarter. KBC Group NV now owns 2,797 shares of the bank's stock valued at $97,000 after acquiring an additional 726 shares in the last quarter. 83.71% of the stock is owned by hedge funds and other institutional investors.

WaFd Stock Performance

NASDAQ:WAFD traded down $0.04 on Monday, hitting $35.89. The stock had a trading volume of 278,309 shares, compared to its average volume of 440,761. The business's 50-day simple moving average is $35.61 and its two-hundred day simple moving average is $33.27. The stock has a market cap of $2.92 billion, a price-to-earnings ratio of 14.47 and a beta of 0.84. WaFd, Inc has a 52-week low of $25.78 and a 52-week high of $38.62. 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 posted its quarterly earnings data on Thursday, October 17th. The bank reported $0.71 earnings per share (EPS) 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 for the quarter, compared to the consensus estimate of $190.43 million. During the same quarter last year, the firm posted $0.72 earnings per share. As a group, research analysts predict that WaFd, Inc will post 2.82 earnings per share for the current year.

WaFd Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 6th. Stockholders of record on Friday, November 22nd were paid a $0.26 dividend. The ex-dividend date of this dividend was Friday, November 22nd. This represents a $1.04 annualized dividend and a dividend yield of 2.90%. WaFd's dividend payout ratio (DPR) is 41.94%.

Insider Transactions at WaFd

In related news, EVP Ryan Mauer sold 12,132 shares of the business's stock in a transaction that occurred on Monday, November 4th. The stock was sold at an average price of $33.33, for a total transaction of $404,359.56. Following the completion of 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 position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 2.25% of the stock is currently owned by company insiders.

Analyst Ratings Changes

WAFD has been the subject of a number of research analyst reports. StockNews.com raised WaFd from a "sell" rating to a "hold" rating in a report on Tuesday, November 12th. Keefe, Bruyette & Woods reiterated a "market perform" rating and issued a $40.00 price objective on shares of WaFd in a report on Monday, October 21st. Piper Sandler lowered their target price on shares of WaFd from $36.00 to $35.00 and set a "neutral" rating on the stock in a research note on Monday, October 21st. Finally, DA Davidson lifted their price target on shares of WaFd from $39.00 to $41.00 and gave the stock a "buy" rating in a research note on Monday, October 21st. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $38.00.

WaFd Company 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.