Dean Investment Associates LLC reduced its position in WaFd, Inc (NASDAQ:WAFD - Free Report) by 46.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 37,767 shares of the bank's stock after selling 32,293 shares during the quarter. Dean Investment Associates LLC's holdings in WaFd were worth $1,218,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Aster Capital Management DIFC Ltd raised its stake in shares of WaFd by 983.5% in the fourth quarter. Aster Capital Management DIFC Ltd now owns 1,116 shares of the bank's stock valued at $36,000 after acquiring an additional 1,013 shares during the period. McIlrath & Eck LLC raised its position in WaFd by 112.7% in the 3rd quarter. McIlrath & Eck LLC now owns 1,323 shares of the bank's stock worth $46,000 after purchasing an additional 701 shares during the period. Harbour Investments Inc. lifted its stake in WaFd by 29.6% in the fourth quarter. Harbour Investments Inc. now owns 1,752 shares of the bank's stock worth $56,000 after purchasing an additional 400 shares during the last quarter. Blue Trust Inc. grew its stake 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 buying an additional 812 shares during the last quarter. Finally, US Bancorp DE raised its holdings in shares of WaFd by 136.7% in the fourth quarter. US Bancorp DE now owns 3,638 shares of the bank's stock worth $117,000 after buying an additional 2,101 shares during the period. 83.71% of the stock is owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
WAFD has been the topic of a number of research analyst reports. Keefe, Bruyette & Woods dropped their target price on shares of WaFd from $32.00 to $30.00 and set a "market perform" rating on the stock in a research note on Wednesday, April 16th. StockNews.com upgraded WaFd from a "sell" rating to a "hold" rating in a report on Saturday, April 12th. Piper Sandler cut their price target on WaFd from $37.00 to $31.00 and set a "neutral" rating on the stock in a research note on Tuesday, January 21st. DA Davidson downgraded shares of WaFd from a "buy" rating to a "neutral" rating and reduced their price objective for the stock from $35.00 to $32.00 in a research note on Thursday, February 6th. Finally, Stephens reaffirmed an "equal weight" rating and set a $29.00 target price on shares of WaFd in a research report on Monday, April 14th. Five investment analysts have rated the stock with a hold rating, According to MarketBeat, WaFd has a consensus rating of "Hold" and an average price target of $30.50.
View Our Latest Research Report on WAFD
WaFd Stock Up 1.1 %
Shares of NASDAQ WAFD traded up $0.30 during midday trading on Wednesday, hitting $28.74. 162,561 shares of the company's stock were exchanged, compared to its average volume of 522,155. The firm's fifty day simple moving average is $28.07 and its 200-day simple moving average is $31.71. WaFd, Inc has a twelve month low of $23.75 and a twelve month high of $38.62. The company has a debt-to-equity ratio of 1.05, a current ratio of 1.04 and a quick ratio of 1.04. The company has a market cap of $2.34 billion, a PE ratio of 13.24 and a beta of 0.79.
WaFd (NASDAQ:WAFD - Get Free Report) last announced its quarterly earnings data on Friday, April 11th. The bank reported $0.65 EPS for the quarter, topping analysts' consensus estimates of $0.60 by $0.05. The company had revenue of $179.79 million during the quarter, compared to the consensus estimate of $184.17 million. WaFd had a net margin of 12.66% and a return on equity of 8.78%. Research analysts predict that WaFd, Inc will post 2.56 EPS for the current fiscal year.
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 of this dividend was Friday, February 21st. This is a positive change from WaFd's previous quarterly dividend of $0.26. This represents a $1.08 annualized dividend and a yield of 3.76%. WaFd's payout ratio is 40.75%.
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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