Equities Analysts Offer Predictions for WaFd Q1 Earnings

WaFd, Inc (NASDAQ:WAFD - Free Report) - Equities research analysts at DA Davidson issued their Q1 2025 earnings per share (EPS) estimates for WaFd in a report issued on Monday, October 21st. DA Davidson analyst J. Rulis forecasts that the bank will post earnings per share of $0.71 for the quarter. DA Davidson currently has a "Buy" rating and a $41.00 target price on the stock. The consensus estimate for WaFd's current full-year earnings is $3.06 per share.

Several other research firms have also recently weighed in on WAFD. Keefe, Bruyette & Woods reissued a "market perform" rating and set a $40.00 price target on shares of WaFd in a report on Monday. Piper Sandler dropped their target price on WaFd from $36.00 to $35.00 and set a "neutral" rating on the stock in a research report on Monday. StockNews.com lowered shares of WaFd from a "hold" rating to a "sell" rating in a research report on Thursday, October 3rd. Finally, Stephens raised their price objective on shares of WaFd from $32.00 to $36.00 and gave the stock an "equal weight" rating in a report on Thursday, July 18th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, WaFd currently has an average rating of "Hold" and a consensus target price of $38.00.

WaFd Stock Performance

WAFD stock traded down $0.05 on Tuesday, hitting $33.95. The company had a trading volume of 496,203 shares, compared to its average volume of 447,386. The company has a current ratio of 1.11, a quick ratio of 1.09 and a debt-to-equity ratio of 1.52. WaFd has a 12-month low of $23.36 and a 12-month high of $37.49. The stock has a market cap of $2.76 billion, a price-to-earnings ratio of 13.69 and a beta of 0.83. The stock's 50-day simple moving average is $35.31 and its 200 day simple moving average is $31.41.

WaFd (NASDAQ:WAFD - Get Free Report) last announced its quarterly earnings results on Thursday, October 17th. The bank reported $0.71 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.70 by $0.01. WaFd had a net margin of 13.97% and a return on equity of 9.65%. The firm had revenue of $389.98 million for the quarter, compared to the consensus estimate of $190.43 million. During the same quarter last year, the firm posted $0.72 EPS.

Institutional Investors Weigh In On WaFd

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Edgestream Partners L.P. grew its stake in WaFd by 353.2% during the first quarter. Edgestream Partners L.P. now owns 102,577 shares of the bank's stock valued at $2,978,000 after acquiring an additional 79,942 shares in the last quarter. BNP Paribas Financial Markets increased its holdings in shares of WaFd by 94.4% in the first quarter. BNP Paribas Financial Markets now owns 34,046 shares of the bank's stock worth $988,000 after purchasing an additional 16,534 shares during the last quarter. Tidal Investments LLC bought a new stake in shares of WaFd in the first quarter worth about $653,000. Renaissance Technologies LLC lifted its position in shares of WaFd by 24.1% in the second quarter. Renaissance Technologies LLC now owns 139,530 shares of the bank's stock worth $3,988,000 after buying an additional 27,100 shares in the last quarter. Finally, Vanguard Group Inc. boosted its stake in WaFd by 1.6% during the first quarter. Vanguard Group Inc. now owns 7,902,461 shares of the bank's stock valued at $229,408,000 after buying an additional 125,020 shares during the last quarter. Institutional investors own 83.71% of the company's stock.

WaFd Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 6th. Stockholders of record on Friday, August 23rd were paid a $0.26 dividend. This represents a $1.04 annualized dividend and a dividend yield of 3.06%. The ex-dividend date was Friday, August 23rd. WaFd's dividend payout ratio (DPR) is currently 41.94%.

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.