Foundry Partners LLC decreased its stake in WaFd, Inc (NASDAQ:WAFD - Free Report) by 67.3% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 88,098 shares of the bank's stock after selling 181,599 shares during the quarter. Foundry Partners LLC owned approximately 0.11% of WaFd worth $3,070,000 as of its most recent SEC filing.
Other institutional investors have also recently made changes to their positions in the company. Blue Trust Inc. boosted its position in WaFd by 80.8% during the third quarter. Blue Trust Inc. now owns 1,188 shares of the bank's stock worth $41,000 after acquiring an additional 531 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its position in WaFd by 100.0% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,644 shares of the bank's stock valued at $47,000 after purchasing an additional 822 shares in the last quarter. GAMMA Investing LLC grew its holdings in WaFd by 515.8% during the 3rd quarter. GAMMA Investing LLC now owns 1,558 shares of the bank's stock worth $54,000 after acquiring an additional 1,305 shares in the last quarter. Covestor Ltd increased its holdings in WaFd by 60.1% in the third quarter. Covestor Ltd now owns 1,904 shares of the bank's stock valued at $66,000 after buying an additional 715 shares during the last quarter. Finally, nVerses Capital LLC acquired a new position in WaFd in the second quarter valued at approximately $80,000. 83.71% of the stock is owned by hedge funds and other institutional investors.
WaFd Price Performance
Shares of NASDAQ:WAFD traded up $1.05 on Friday, reaching $37.15. 353,590 shares of the company traded hands, compared to its average volume of 445,696. The company's 50 day moving average is $35.30 and its 200-day moving average is $32.57. The stock has a market capitalization of $3.02 billion, a PE ratio of 14.66 and a beta of 0.83. WaFd, Inc has a fifty-two week low of $25.78 and a fifty-two week high of $38.58. The company has a debt-to-equity ratio of 1.21, a current ratio of 1.08 and a quick ratio of 1.09.
WaFd (NASDAQ:WAFD - Get Free Report) last released its quarterly earnings data on Thursday, October 17th. The bank reported $0.71 EPS for the quarter, topping analysts' consensus estimates of $0.70 by $0.01. WaFd had a return on equity of 9.44% and a net margin of 13.97%. The firm had revenue of $389.98 million for the quarter, compared to the consensus estimate of $190.43 million. During the same quarter in the prior year, the company posted $0.72 earnings per share. As a group, analysts anticipate that WaFd, Inc will post 2.82 earnings per share for the current fiscal year.
WaFd Announces Dividend
The firm also recently announced 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 of this dividend is Friday, November 22nd. This represents a $1.04 annualized dividend and a dividend yield of 2.80%. WaFd's dividend payout ratio (DPR) is currently 41.94%.
Wall Street Analyst Weigh In
A number of analysts recently weighed in on WAFD shares. Keefe, Bruyette & Woods reiterated a "market perform" rating and set a $40.00 price target on shares of WaFd in a research note on Monday, October 21st. Piper Sandler reduced their price target on WaFd from $36.00 to $35.00 and set a "neutral" rating for the company in a report on Monday, October 21st. DA Davidson upped their price objective on WaFd from $39.00 to $41.00 and gave the stock a "buy" rating in a report on Monday, October 21st. Finally, StockNews.com raised WaFd from a "sell" rating to a "hold" rating in a report on Tuesday, November 12th. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $38.00.
View Our Latest Report on WAFD
Insider Buying and Selling at WaFd
In other 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 value of $404,359.56. Following the transaction, the executive vice president now directly owns 100,376 shares of the company's stock, valued at $3,345,532.08. The trade was a 10.78 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 2.25% of the company's stock.
WaFd Company Profile
(
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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