Empowered Funds LLC increased its holdings in WaFd, Inc (NASDAQ:WAFD - Free Report) by 5.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 223,191 shares of the bank's stock after acquiring an additional 10,850 shares during the period. Empowered Funds LLC owned about 0.27% of WaFd worth $7,196,000 at the end of the most recent reporting period.
Several other hedge funds have also recently bought and sold shares of the business. Charles Schwab Investment Management Inc. grew its holdings in WaFd by 7.4% in the 3rd 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. Citigroup Inc. grew its holdings in shares of WaFd by 11.9% during the 3rd quarter. Citigroup Inc. now owns 186,174 shares of the bank's stock worth $6,488,000 after purchasing an additional 19,751 shares in the last quarter. Barclays PLC grew its holdings in shares of WaFd by 33.3% during the 3rd quarter. Barclays PLC now owns 161,958 shares of the bank's stock worth $5,643,000 after purchasing an additional 40,499 shares in the last quarter. Franklin Resources Inc. grew its holdings in shares of WaFd by 6.7% during the 3rd quarter. Franklin Resources Inc. now owns 26,463 shares of the bank's stock worth $954,000 after purchasing an additional 1,669 shares in the last quarter. Finally, Oliver Luxxe Assets LLC acquired a new stake in shares of WaFd during the 3rd quarter worth approximately $1,823,000. 83.71% of the stock is owned by hedge funds and other institutional investors.
WaFd Stock Down 0.6 %
Shares of WaFd stock traded down $0.18 during trading on Friday, reaching $29.77. The stock had a trading volume of 314,711 shares, compared to its average volume of 527,927. The company has a market capitalization of $2.43 billion, a price-to-earnings ratio of 13.72 and a beta of 0.85. The stock has a fifty day moving average price of $31.67 and a two-hundred day moving average price of $34.06. WaFd, Inc has a 52 week low of $25.78 and a 52 week high of $38.62. The company has a current ratio of 1.04, a quick ratio of 1.08 and a debt-to-equity ratio of 1.05.
WaFd Increases Dividend
The company also recently declared a quarterly dividend, which will be paid on Friday, March 7th. Stockholders of record on Friday, February 21st will be issued a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 3.63%. This is a positive change from WaFd's previous quarterly dividend of $0.26. The ex-dividend date is Friday, February 21st. WaFd's payout ratio is 47.93%.
Analyst Upgrades and Downgrades
Several brokerages have recently weighed in on WAFD. StockNews.com raised WaFd from a "sell" rating to a "hold" rating in a report on Tuesday, November 12th. Piper Sandler cut their target price on WaFd from $37.00 to $31.00 and set a "neutral" rating for the company in a research report on Tuesday, January 21st. Stephens restated an "equal weight" rating and set a $38.00 target price on shares of WaFd in a research report on Friday, January 17th. DA Davidson downgraded 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 report on Thursday, February 6th. Finally, Keefe, Bruyette & Woods cut their price objective on WaFd from $42.00 to $34.00 and set a "market perform" rating for the company in a research report on Tuesday, January 21st. Five research analysts have rated the stock with a hold rating, Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $33.75.
Read Our Latest Stock Report on WAFD
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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