WaFd, Inc (NASDAQ:WAFD) Shares Sold by Hennessy Advisors Inc.

Hennessy Advisors Inc. cut its holdings in shares of WaFd, Inc (NASDAQ:WAFD - Free Report) by 8.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 95,000 shares of the bank's stock after selling 9,000 shares during the period. Hennessy Advisors Inc. owned 0.12% of WaFd worth $3,063,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in WAFD. State Street Corp boosted its stake in WaFd by 5.2% in the 3rd quarter. State Street Corp now owns 3,969,790 shares of the bank's stock worth $138,347,000 after purchasing an additional 195,845 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of WaFd by 10.0% in the third quarter. Geode Capital Management LLC now owns 1,759,135 shares of the bank's stock worth $61,318,000 after buying an additional 159,750 shares during the last quarter. Systematic Financial Management LP lifted its stake in shares of WaFd by 21.5% during the third quarter. Systematic Financial Management LP now owns 1,432,523 shares of the bank's stock worth $49,923,000 after buying an additional 253,044 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in shares of WaFd by 7.4% during the third 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. Finally, Assenagon Asset Management S.A. acquired a new position in shares of WaFd in the 3rd quarter valued at $18,583,000. Hedge funds and other institutional investors own 83.71% of the company's stock.

WaFd Stock Performance

NASDAQ:WAFD traded down $0.76 during trading hours on Friday, reaching $30.25. The company had a trading volume of 1,302,195 shares, compared to its average volume of 413,788. The company has a debt-to-equity ratio of 1.21, a current ratio of 1.08 and a quick ratio of 1.08. WaFd, Inc has a 1-year low of $25.78 and a 1-year high of $38.62. The business's 50 day moving average price is $34.38 and its 200-day moving average price is $34.33. The firm has a market cap of $2.46 billion, a PE ratio of 12.20 and a beta of 0.87.

WaFd (NASDAQ:WAFD - Get Free Report) last posted its earnings results on Thursday, October 17th. The bank reported $0.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.70 by $0.01. The firm had revenue of $389.98 million during the quarter, compared to analysts' expectations 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 business posted $0.72 EPS. Research analysts forecast that WaFd, Inc will post 2.82 EPS for the current year.

WaFd Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 6th. Investors of record on Friday, November 22nd were paid a $0.26 dividend. The ex-dividend date was Friday, November 22nd. This represents a $1.04 annualized dividend and a dividend yield of 3.44%. WaFd's dividend payout ratio is presently 41.94%.

Insider Buying and Selling

In other news, EVP Ryan Mauer sold 12,132 shares of WaFd stock in a transaction dated Monday, November 4th. The shares were sold at an average price of $33.33, for a total value of $404,359.56. Following the sale, the executive vice president now owns 100,376 shares in the company, valued at $3,345,532.08. This trade represents a 10.78 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.46% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of analysts have commented 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 dropped their target price on WaFd from $36.00 to $35.00 and set a "neutral" rating on the stock in a research report on Monday, October 21st. Stephens reissued an "equal weight" rating and set a $38.00 price target on shares of WaFd in a research report on Friday. DA Davidson upped their price objective on shares of WaFd from $39.00 to $41.00 and gave the company a "buy" rating in a report 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 research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $38.50.

About WaFd

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.