Meeder Asset Management Inc. Decreases Position in WaFd, Inc (NASDAQ:WAFD)

Meeder Asset Management Inc. cut its stake in shares of WaFd, Inc (NASDAQ:WAFD - Free Report) by 68.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 12,643 shares of the bank's stock after selling 27,923 shares during the quarter. Meeder Asset Management Inc.'s holdings in WaFd were worth $408,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the company. Charles Schwab Investment Management Inc. grew its stake in 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 purchasing an additional 84,155 shares during the last quarter. Dynamic Technology Lab Private Ltd acquired a new stake in shares of WaFd during the third quarter worth about $243,000. FMR LLC boosted its position in WaFd by 15.4% in the third quarter. FMR LLC now owns 16,493 shares of the bank's stock valued at $575,000 after buying an additional 2,204 shares during the last quarter. BNP Paribas Financial Markets increased its holdings in WaFd by 69.3% in the 3rd quarter. BNP Paribas Financial Markets now owns 28,997 shares of the bank's stock worth $1,011,000 after buying an additional 11,868 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its position in WaFd by 15.0% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 15,445 shares of the bank's stock worth $538,000 after buying an additional 2,018 shares during the last quarter. 83.71% of the stock is owned by institutional investors and hedge funds.

WaFd Stock Performance

WAFD traded down $1.34 on Friday, reaching $25.24. The stock had a trading volume of 818,016 shares, compared to its average volume of 506,529. The business's 50-day moving average price is $29.06 and its two-hundred day moving average price is $32.49. The company has a market cap of $2.06 billion, a P/E ratio of 11.63 and a beta of 0.83. WaFd, Inc has a 12-month low of $24.55 and a 12-month 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.

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WaFd Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 7th. Investors of record on Friday, February 21st were paid a $0.27 dividend. The ex-dividend date was Friday, February 21st. This represents a $1.08 dividend on an annualized basis and a yield of 4.28%. This is a boost from WaFd's previous quarterly dividend of $0.26. WaFd's dividend payout ratio (DPR) is currently 49.77%.

Analyst Upgrades and Downgrades

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

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.