EntryPoint Capital LLC Acquires Shares of 12,494 WaFd, Inc (NASDAQ:WAFD)

EntryPoint Capital LLC acquired a new stake in WaFd, Inc (NASDAQ:WAFD - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 12,494 shares of the bank's stock, valued at approximately $403,000.

Other hedge funds also recently made changes to their positions in the company. Charles Schwab Investment Management Inc. grew its position in WaFd by 7.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,225,248 shares of the bank's stock worth $42,700,000 after buying an additional 84,155 shares in the last quarter. Citigroup Inc. raised its stake in WaFd by 11.9% in the third quarter. Citigroup Inc. now owns 186,174 shares of the bank's stock valued at $6,488,000 after purchasing an additional 19,751 shares in the last quarter. Barclays PLC lifted its position in WaFd by 33.3% during the third quarter. Barclays PLC now owns 161,958 shares of the bank's stock worth $5,643,000 after purchasing an additional 40,499 shares during the period. Principal Financial Group Inc. grew its stake in WaFd by 4.5% during the fourth quarter. Principal Financial Group Inc. now owns 447,621 shares of the bank's stock worth $14,431,000 after buying an additional 19,117 shares in the last quarter. Finally, Franklin Resources Inc. increased its holdings in WaFd by 6.7% in the 3rd quarter. Franklin Resources Inc. now owns 26,463 shares of the bank's stock valued at $954,000 after buying an additional 1,669 shares during the period. 83.71% of the stock is owned by institutional investors.

WaFd Stock Performance

Shares of NASDAQ WAFD traded down $0.39 during midday trading on Friday, hitting $28.31. The company's stock had a trading volume of 356,860 shares, compared to its average volume of 499,842. WaFd, Inc has a one year low of $25.79 and a one year high of $38.62. The firm has a market capitalization of $2.31 billion, a price-to-earnings ratio of 13.05 and a beta of 0.83. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 1.05. The stock has a fifty day moving average price of $29.28 and a 200 day moving average price of $32.78.

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WaFd Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 7th. Shareholders of record on Friday, February 21st were paid a dividend of $0.27 per share. The ex-dividend date was Friday, February 21st. This is an increase from WaFd's previous quarterly dividend of $0.26. This represents a $1.08 annualized dividend and a dividend yield of 3.81%. WaFd's dividend payout ratio (DPR) is 49.77%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the stock. Stephens reissued an "equal weight" rating and issued a $38.00 target price on shares of WaFd in a report on Friday, January 17th. StockNews.com upgraded shares of WaFd from a "sell" rating to a "hold" rating in a report on Thursday, March 6th. Piper Sandler dropped their price target on shares of WaFd from $37.00 to $31.00 and set a "neutral" rating on the stock in a research report on Tuesday, January 21st. DA Davidson cut shares of WaFd from a "buy" rating to a "neutral" rating and decreased their price objective for the stock from $35.00 to $32.00 in a research report on Thursday, February 6th. Finally, Keefe, Bruyette & Woods cut their price target on shares of WaFd from $42.00 to $34.00 and set a "market perform" rating on the stock in a research report on Tuesday, January 21st. Five research analysts have rated the stock with a hold rating, According to MarketBeat.com, WaFd currently has a consensus rating of "Hold" and an average target price of $33.75.

WaFd 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.