JPMorgan Chase & Co. Sells 10,368 Shares of WaFd, Inc (NASDAQ:WAFD)

JPMorgan Chase & Co. lessened its position in WaFd, Inc (NASDAQ:WAFD - Free Report) by 5.3% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 185,751 shares of the bank's stock after selling 10,368 shares during the period. JPMorgan Chase & Co. owned approximately 0.23% of WaFd worth $6,473,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Assenagon Asset Management S.A. purchased a new position in WaFd during the 3rd quarter valued at about $18,583,000. American Century Companies Inc. boosted its position in shares of WaFd by 31.6% in the second quarter. American Century Companies Inc. now owns 1,274,665 shares of the bank's stock worth $36,430,000 after acquiring an additional 305,942 shares during the last quarter. Systematic Financial Management LP boosted its position in shares of WaFd by 21.5% in the third quarter. Systematic Financial Management LP now owns 1,432,523 shares of the bank's stock worth $49,923,000 after acquiring an additional 253,044 shares during the last quarter. State Street Corp boosted its position 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 worth $138,347,000 after acquiring an additional 195,845 shares during the last quarter. Finally, Geode Capital Management LLC lifted its position in WaFd by 10.0% during the third quarter. Geode Capital Management LLC now owns 1,759,135 shares of the bank's stock valued at $61,318,000 after buying an additional 159,750 shares in the last quarter. Institutional investors and hedge funds own 83.71% of the company's stock.

WaFd Stock Up 2.3 %

WAFD opened at $32.08 on Thursday. WaFd, Inc has a 1-year low of $25.78 and a 1-year high of $38.62. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 1.21. The stock has a market capitalization of $2.61 billion, a price-to-earnings ratio of 12.94 and a beta of 0.87. The business has a 50 day moving average of $34.62 and a 200-day moving average of $34.34.

WaFd (NASDAQ:WAFD - Get Free Report) last released its quarterly earnings data on Thursday, October 17th. The bank reported $0.71 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.70 by $0.01. WaFd had a return on equity of 9.44% and a net margin of 13.97%. The firm had revenue of $389.98 million during the quarter, compared to analyst estimates of $190.43 million. During the same period in the prior year, the company posted $0.72 earnings per share. As a group, sell-side analysts anticipate that WaFd, Inc will post 2.82 earnings per share for the current year.

WaFd Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, December 6th. Investors of record on Friday, November 22nd were issued a $0.26 dividend. This represents a $1.04 annualized dividend and a yield of 3.24%. The ex-dividend date was Friday, November 22nd. WaFd's dividend payout ratio is 41.94%.

Insiders Place Their Bets

In related news, EVP Ryan Mauer sold 12,132 shares of WaFd stock in a transaction that occurred on Monday, November 4th. The stock was 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 of the company's stock, valued at approximately $3,345,532.08. This trade represents a 10.78 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 1.46% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have weighed in on WAFD shares. DA Davidson lifted their price target on shares of WaFd from $39.00 to $41.00 and gave the company a "buy" rating in a research report on Monday, October 21st. Keefe, Bruyette & Woods reiterated a "market perform" rating and set a $40.00 price objective on shares of WaFd in a research note on Monday, October 21st. Piper Sandler dropped their price target 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. Finally, StockNews.com upgraded shares of WaFd from a "sell" rating to a "hold" rating in a research note on Tuesday, November 12th. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, WaFd currently has a consensus rating of "Hold" and an average target price of $38.00.

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.