Empowered Funds LLC Has $7.40 Million Stock Holdings in WaFd, Inc (NASDAQ:WAFD)

Empowered Funds LLC cut its position in WaFd, Inc (NASDAQ:WAFD - Free Report) by 14.2% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 212,341 shares of the bank's stock after selling 35,188 shares during the quarter. Empowered Funds LLC owned about 0.26% of WaFd worth $7,400,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. CIBC Asset Management Inc bought a new stake in shares of WaFd during the third quarter valued at approximately $247,000. KBC Group NV increased 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 during the period. Covestor Ltd raised its stake in WaFd by 60.1% during the 3rd quarter. Covestor Ltd now owns 1,904 shares of the bank's stock valued at $66,000 after acquiring an additional 715 shares in the last quarter. Principal Financial Group Inc. boosted its position in WaFd by 28.6% during the 3rd quarter. Principal Financial Group Inc. now owns 428,504 shares of the bank's stock worth $14,933,000 after acquiring an additional 95,251 shares during the period. Finally, Amalgamated Bank grew its stake in shares of WaFd by 13.7% in the third quarter. Amalgamated Bank now owns 23,493 shares of the bank's stock worth $819,000 after purchasing an additional 2,834 shares in the last quarter. 83.71% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

WAFD has been the topic of a number of recent analyst reports. DA Davidson lifted their price objective on shares of WaFd from $39.00 to $41.00 and gave the company a "buy" rating in a research note on Monday, October 21st. Keefe, Bruyette & Woods restated a "market perform" rating and set a $40.00 price target on shares of WaFd in a research report on Monday, October 21st. Piper Sandler reduced their price target 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. Finally, StockNews.com upgraded shares of WaFd from a "sell" rating to a "hold" rating in a research note on Tuesday, November 12th. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $38.00.

WaFd Price Performance

WaFd stock traded down $0.01 during midday trading on Friday, hitting $36.96. The company's stock had a trading volume of 307,164 shares, compared to its average volume of 480,778. WaFd, Inc has a 12 month low of $25.78 and a 12 month high of $38.58. The company has a quick ratio of 1.09, a current ratio of 1.08 and a debt-to-equity ratio of 1.21. The company has a market capitalization of $3.00 billion, a PE ratio of 14.90 and a beta of 0.83. The stock's 50-day moving average price is $35.24 and its 200-day moving average price is $32.38.

WaFd (NASDAQ:WAFD - Get Free Report) last released its earnings results on Thursday, October 17th. The bank reported $0.71 EPS for the quarter, topping analysts' consensus estimates of $0.70 by $0.01. The business had revenue of $389.98 million for the quarter, compared to the consensus estimate of $190.43 million. WaFd had a net margin of 13.97% and a return on equity of 9.44%. During the same period in the previous year, the firm earned $0.72 EPS. Analysts anticipate that WaFd, Inc will post 2.82 earnings per share for the current fiscal year.

WaFd Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Friday, November 22nd will be given a dividend of $0.26 per share. The ex-dividend date is Friday, November 22nd. This represents a $1.04 dividend on an annualized basis and a dividend yield of 2.81%. WaFd's dividend payout ratio (DPR) is presently 41.94%.

Insider Transactions at WaFd

In other WaFd news, EVP Ryan Mauer sold 12,132 shares of the business's stock in a transaction dated Monday, November 4th. The stock was sold at an average price of $33.33, for a total transaction of $404,359.56. Following the sale, the executive vice president now 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 2.25% of the company's stock.

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.