WaFd, Inc (NASDAQ:WAFD) Position Boosted by Invesco Ltd.

Invesco Ltd. grew its holdings in shares of WaFd, Inc (NASDAQ:WAFD - Free Report) by 63.6% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 493,501 shares of the bank's stock after acquiring an additional 191,855 shares during the quarter. Invesco Ltd. owned about 0.61% of WaFd worth $15,910,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of WAFD. Bank of Montreal Can lifted its holdings in WaFd by 13.7% in the fourth quarter. Bank of Montreal Can now owns 9,908 shares of the bank's stock worth $319,000 after purchasing an additional 1,192 shares during the period. Aster Capital Management DIFC Ltd lifted its stake in shares of WaFd by 983.5% in the 4th quarter. Aster Capital Management DIFC Ltd now owns 1,116 shares of the bank's stock worth $36,000 after acquiring an additional 1,013 shares during the period. Dynamic Technology Lab Private Ltd boosted its holdings in shares of WaFd by 19.2% in the fourth quarter. Dynamic Technology Lab Private Ltd now owns 8,303 shares of the bank's stock valued at $268,000 after acquiring an additional 1,337 shares in the last quarter. Headlands Technologies LLC acquired a new position in shares of WaFd during the fourth quarter valued at approximately $454,000. Finally, Pictet Asset Management Holding SA raised its holdings in WaFd by 24.2% during the fourth quarter. Pictet Asset Management Holding SA now owns 11,249 shares of the bank's stock worth $363,000 after purchasing an additional 2,195 shares in the last quarter. Institutional investors own 83.71% of the company's stock.

Analyst Ratings Changes

A number of brokerages have issued reports on WAFD. Stephens reaffirmed an "equal weight" rating and set a $29.00 price target on shares of WaFd in a research note on Monday, April 14th. DA Davidson cut WaFd from a "buy" rating to a "neutral" rating and decreased their target price for the company from $35.00 to $32.00 in a research note on Thursday, February 6th. Keefe, Bruyette & Woods dropped their price target on shares of WaFd from $32.00 to $30.00 and set a "market perform" rating on the stock in a research report on Wednesday, April 16th. StockNews.com upgraded shares of WaFd from a "sell" rating to a "hold" rating in a research report on Saturday, April 12th. Finally, Piper Sandler dropped their target price on shares of WaFd from $37.00 to $31.00 and set a "neutral" rating on the stock in a report on Tuesday, January 21st. Five investment analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $30.50.

WaFd Trading Down 1.2 %

Shares of NASDAQ WAFD traded down $0.35 during mid-day trading on Friday, hitting $28.18. 39,397 shares of the company traded hands, compared to its average volume of 520,358. 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 1 year low of $23.75 and a 1 year high of $38.62. The stock has a market capitalization of $2.30 billion, a price-to-earnings ratio of 12.98 and a beta of 0.79. The business has a 50 day moving average of $28.02 and a two-hundred day moving average of $31.65.

WaFd (NASDAQ:WAFD - Get Free Report) last announced its earnings results on Friday, April 11th. The bank reported $0.65 EPS for the quarter, topping the consensus estimate of $0.60 by $0.05. The company had revenue of $179.79 million during the quarter, compared to analysts' expectations of $184.17 million. WaFd had a net margin of 12.66% and a return on equity of 8.78%. On average, sell-side analysts anticipate that WaFd, Inc will post 2.56 earnings per share for the current fiscal year.

WaFd Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 7th. Shareholders of record on Friday, February 21st were given a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a yield of 3.83%. This is a boost from WaFd's previous quarterly dividend of $0.26. The ex-dividend date of this dividend was Friday, February 21st. WaFd's payout ratio is presently 40.75%.

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.