Intech Investment Management LLC Invests $611,000 in WaFd, Inc (NASDAQ:WAFD)

Intech Investment Management LLC bought a new stake in shares of WaFd, Inc (NASDAQ:WAFD - Free Report) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 17,544 shares of the bank's stock, valued at approximately $611,000.

A number of other large investors also recently added to or reduced their stakes in the business. Tidal Investments LLC purchased a new position in shares of WaFd in the first quarter worth about $653,000. Renaissance Technologies LLC increased its stake in WaFd by 24.1% in the 2nd quarter. Renaissance Technologies LLC now owns 139,530 shares of the bank's stock worth $3,988,000 after purchasing an additional 27,100 shares during the period. Meeder Asset Management Inc. increased its stake in WaFd by 618.6% in the 2nd quarter. Meeder Asset Management Inc. now owns 47,972 shares of the bank's stock worth $1,371,000 after purchasing an additional 41,296 shares during the period. Oliver Luxxe Assets LLC bought a new stake in WaFd in the third quarter valued at approximately $1,823,000. Finally, California State Teachers Retirement System boosted its stake in shares of WaFd by 1.2% during the first quarter. California State Teachers Retirement System now owns 69,092 shares of the bank's stock valued at $2,006,000 after purchasing an additional 790 shares during the period. Hedge funds and other institutional investors own 83.71% of the company's stock.

Wall Street Analyst Weigh In

WAFD has been the subject of a number of recent analyst reports. StockNews.com upgraded shares of WaFd from a "sell" rating to a "hold" rating in a report on Tuesday, November 12th. Piper Sandler lowered their price objective on shares of WaFd from $36.00 to $35.00 and set a "neutral" rating for the company in a research note on Monday, October 21st. DA Davidson increased their target price on shares of WaFd from $39.00 to $41.00 and gave the stock a "buy" rating in a report on Monday, October 21st. Finally, Keefe, Bruyette & Woods restated a "market perform" rating and set a $40.00 price target on shares of WaFd in a report on Monday, October 21st. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $38.00.

Insider Transactions at WaFd

In other news, EVP Ryan Mauer sold 12,132 shares of the company's stock in a transaction that occurred on Monday, November 4th. The shares were sold at an average price of $33.33, for a total value of $404,359.56. Following the transaction, the executive vice president now owns 100,376 shares in the company, valued at approximately $3,345,532.08. This represents a 10.78 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 2.25% of the company's stock.

WaFd Stock Down 1.4 %

Shares of NASDAQ:WAFD traded down $0.53 during midday trading on Friday, reaching $36.58. The company's stock had a trading volume of 242,130 shares, compared to its average volume of 410,404. WaFd, Inc has a 12-month low of $25.78 and a 12-month high of $38.62. The firm has a market capitalization of $2.98 billion, a P/E ratio of 14.75 and a beta of 0.83. The firm has a 50 day moving average of $35.44 and a 200-day moving average of $32.95. 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 (NASDAQ:WAFD - Get Free Report) last announced its quarterly earnings data on Thursday, October 17th. The bank reported $0.71 earnings per share for the quarter, topping analysts' consensus estimates of $0.70 by $0.01. WaFd had a net margin of 13.97% and a return on equity of 9.44%. The business had revenue of $389.98 million for the quarter, compared to analysts' expectations of $190.43 million. During the same quarter in the prior year, the company earned $0.72 earnings per share. On average, research analysts anticipate that WaFd, Inc will post 2.82 earnings per share for the current year.

WaFd Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Friday, November 22nd will be issued a $0.26 dividend. This represents a $1.04 annualized dividend and a yield of 2.84%. The ex-dividend date is Friday, November 22nd. WaFd's dividend payout ratio (DPR) is 41.94%.

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.