Inceptionr LLC bought a new stake in shares of WaFd, Inc (NASDAQ:WAFD - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 19,914 shares of the bank's stock, valued at approximately $642,000.
Several other institutional investors have also added to or reduced their stakes in the business. Charles Schwab Investment Management Inc. lifted its position in shares of WaFd by 7.4% during 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 in the last quarter. Citigroup Inc. raised its stake in 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 acquiring an additional 19,751 shares during the period. Barclays PLC lifted its holdings in WaFd by 33.3% during the third quarter. Barclays PLC now owns 161,958 shares of the bank's stock valued at $5,643,000 after purchasing an additional 40,499 shares in the last quarter. Principal Financial Group Inc. boosted its position in shares of WaFd by 4.5% in the fourth quarter. Principal Financial Group Inc. now owns 447,621 shares of the bank's stock worth $14,431,000 after purchasing an additional 19,117 shares during the period. Finally, Franklin Resources Inc. increased its stake in shares of WaFd by 6.7% in the third 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. 83.71% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
A number of research analysts recently weighed in on WAFD shares. Piper Sandler lowered their target price on shares of WaFd from $37.00 to $31.00 and set a "neutral" rating on the stock in a research note on Tuesday, January 21st. DA Davidson downgraded WaFd from a "buy" rating to a "neutral" rating and lowered their price objective for the company from $35.00 to $32.00 in a research report on Thursday, February 6th. StockNews.com upgraded WaFd from a "sell" rating to a "hold" rating in a research report on Thursday, March 6th. Keefe, Bruyette & Woods lowered their price target on WaFd from $42.00 to $34.00 and set a "market perform" rating on the stock in a report on Tuesday, January 21st. Finally, Stephens reaffirmed an "equal weight" rating and set a $38.00 price objective on shares of WaFd in a report on Friday, January 17th. Five investment analysts have rated the stock with a hold rating, According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $33.75.
Check Out Our Latest Research Report on WaFd
WaFd Price Performance
WaFd stock traded down $0.76 during midday trading on Tuesday, reaching $27.40. 454,731 shares of the stock traded hands, compared to its average volume of 524,009. The stock has a market cap of $2.23 billion, a P/E ratio of 12.63 and a beta of 0.83. The stock's fifty day moving average is $30.23 and its 200-day moving average is $33.54. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 1.05. WaFd, Inc has a 12 month low of $25.78 and a 12 month high of $38.62.
WaFd Increases Dividend
The firm also recently announced a quarterly dividend, which was paid on Friday, March 7th. Stockholders of record on Friday, February 21st were given a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a dividend yield of 3.94%. This is a boost from WaFd's previous quarterly dividend of $0.26. The ex-dividend date was Friday, February 21st. WaFd's dividend payout ratio is currently 49.77%.
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.
Featured Articles
Before you consider WaFd, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and WaFd wasn't on the list.
While WaFd currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering when you'll finally be able to invest in SpaceX, Starlink, or X.AI? Enter your email address to learn when Elon Musk will let these companies finally IPO.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
