KLP Kapitalforvaltning AS Buys New Shares in WaFd, Inc (NASDAQ:WAFD)

KLP Kapitalforvaltning AS bought a new stake in WaFd, Inc (NASDAQ:WAFD - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm bought 17,038 shares of the bank's stock, valued at approximately $549,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in WAFD. Systematic Financial Management LP increased its stake in WaFd by 21.5% in the third quarter. Systematic Financial Management LP now owns 1,432,523 shares of the bank's stock valued at $49,923,000 after acquiring an additional 253,044 shares during the last quarter. American Century Companies Inc. boosted its holdings in shares of WaFd by 15.3% in the 4th quarter. American Century Companies Inc. now owns 1,774,081 shares of the bank's stock valued at $57,196,000 after purchasing an additional 234,977 shares in the last quarter. State Street Corp increased its stake in shares of WaFd by 5.2% in the 3rd quarter. State Street Corp now owns 3,969,790 shares of the bank's stock valued at $138,347,000 after purchasing an additional 195,845 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of WaFd by 10.0% during the 3rd 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 in the last quarter. Finally, Principal Financial Group Inc. raised its holdings in shares of WaFd by 28.6% during the 3rd quarter. Principal Financial Group Inc. now owns 428,504 shares of the bank's stock worth $14,933,000 after buying an additional 95,251 shares in the last quarter. 83.71% of the stock is currently owned by institutional investors and hedge funds.

Remove Ads

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on WAFD shares. Piper Sandler decreased their target price on WaFd from $37.00 to $31.00 and set a "neutral" rating on the stock in a research report on Tuesday, January 21st. DA Davidson downgraded shares of WaFd from a "buy" rating to a "neutral" rating and dropped their price objective for the company from $35.00 to $32.00 in a research note on Thursday, February 6th. Keefe, Bruyette & Woods decreased their target price on shares of WaFd from $42.00 to $34.00 and set a "market perform" rating on the stock in a research note on Tuesday, January 21st. StockNews.com downgraded shares of WaFd from a "hold" rating to a "sell" rating in a report on Friday. Finally, Stephens reissued an "equal weight" rating and set a $38.00 price objective on shares of WaFd in a report on Friday, January 17th. One analyst has rated the stock with a sell rating and four have assigned a hold rating to the company. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $33.75.

WaFd Trading Down 0.5 %

WAFD traded down $0.13 during trading on Monday, reaching $25.11. 756,825 shares of the company's stock were exchanged, compared to its average volume of 507,535. The firm has a fifty day moving average price of $28.96 and a two-hundred day moving average price of $32.39. The stock has a market capitalization of $2.05 billion, a PE ratio of 11.57 and a beta of 0.79. WaFd, Inc has a one year low of $23.97 and a one year high of $38.62. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 1.05.

WaFd Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 7th. Investors of record on Friday, February 21st were issued a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 4.30%. This is an increase from WaFd's previous quarterly dividend of $0.26. The ex-dividend date was Friday, February 21st. WaFd's dividend payout ratio is presently 49.77%.

WaFd Company 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.