Geode Capital Management LLC boosted its stake in shares of WaFd, Inc (NASDAQ:WAFD - Free Report) by 10.0% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,759,135 shares of the bank's stock after purchasing an additional 159,750 shares during the period. Geode Capital Management LLC owned 2.17% of WaFd worth $61,318,000 as of its most recent filing with the SEC.
Other hedge funds have also recently bought and sold shares of the company. State Street Corp grew its stake in shares of WaFd by 5.2% in the third quarter. State Street Corp now owns 3,969,790 shares of the bank's stock valued at $138,347,000 after buying an additional 195,845 shares in the last quarter. Systematic Financial Management LP lifted its stake in WaFd by 21.5% in the third quarter. Systematic Financial Management LP now owns 1,432,523 shares of the bank's stock valued at $49,923,000 after acquiring an additional 253,044 shares during the last quarter. American Century Companies Inc. grew its position in shares of WaFd by 31.6% in the 2nd quarter. American Century Companies Inc. now owns 1,274,665 shares of the bank's stock valued at $36,430,000 after acquiring an additional 305,942 shares during the period. Charles Schwab Investment Management Inc. grew its position in shares of 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 acquiring an additional 84,155 shares during the period. Finally, Bank of New York Mellon Corp increased its stake in shares of WaFd by 1.3% during the 2nd quarter. Bank of New York Mellon Corp now owns 728,619 shares of the bank's stock worth $20,824,000 after purchasing an additional 9,262 shares during the last quarter. 83.71% of the stock is currently owned by institutional investors.
WaFd Stock Performance
Shares of WaFd stock traded up $0.69 on Friday, hitting $32.64. The stock had a trading volume of 2,166,313 shares, compared to its average volume of 447,592. The stock has a market cap of $2.66 billion, a price-to-earnings ratio of 13.16 and a beta of 0.84. The business's 50 day moving average is $35.62 and its two-hundred day moving average is $33.72. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 1.21. WaFd, Inc has a twelve month low of $25.78 and a twelve month high of $38.62.
WaFd (NASDAQ:WAFD - Get Free Report) last posted its quarterly earnings data on Thursday, October 17th. The bank reported $0.71 earnings per share for the quarter, topping the consensus estimate of $0.70 by $0.01. The firm had revenue of $389.98 million for the quarter, compared to analysts' expectations of $190.43 million. WaFd had a return on equity of 9.44% and a net margin of 13.97%. During the same quarter last year, the business earned $0.72 EPS. Analysts forecast that WaFd, Inc will post 2.82 EPS for the current year.
WaFd Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 6th. Shareholders of record on Friday, November 22nd were issued a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a yield of 3.19%. The ex-dividend date of this dividend was Friday, November 22nd. WaFd's dividend payout ratio is currently 41.94%.
Insiders Place Their Bets
In related 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 value of $404,359.56. Following the completion of the transaction, the executive vice president now owns 100,376 shares of the company's stock, valued at $3,345,532.08. The trade was a 10.78 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 2.25% of the company's stock.
Wall Street Analyst Weigh In
A number of research firms recently commented on WAFD. Keefe, Bruyette & Woods reiterated a "market perform" rating and set a $40.00 price target on shares of WaFd in a report on Monday, October 21st. Piper Sandler reduced their target price on WaFd from $36.00 to $35.00 and set a "neutral" rating for the company in a research note on Monday, October 21st. StockNews.com raised WaFd from a "sell" rating to a "hold" rating in a report on Tuesday, November 12th. Finally, DA Davidson raised their price target on WaFd from $39.00 to $41.00 and gave the company a "buy" rating in a report on Monday, October 21st. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $38.00.
Check Out Our Latest Report on WAFD
WaFd 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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