DA Davidson Increases WaFd (NASDAQ:WAFD) Price Target to $41.00

WaFd (NASDAQ:WAFD - Get Free Report) had its price target upped by equities research analysts at DA Davidson from $39.00 to $41.00 in a report released on Monday, Benzinga reports. The brokerage currently has a "buy" rating on the bank's stock. DA Davidson's price objective indicates a potential upside of 18.39% from the company's current price.

Other equities research analysts have also recently issued research reports about the company. StockNews.com cut WaFd from a "hold" rating to a "sell" rating in a report on Thursday, October 3rd. Keefe, Bruyette & Woods reiterated a "market perform" rating and set a $40.00 price target on shares of WaFd in a research report on Monday. Finally, Stephens lifted their price objective on shares of WaFd from $32.00 to $36.00 and gave the company an "equal weight" rating in a research note on Thursday, July 18th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, WaFd presently has an average rating of "Hold" and an average price target of $38.00.

WaFd Stock Performance

Shares of NASDAQ:WAFD traded down $1.54 during trading on Monday, hitting $34.63. 471,622 shares of the company traded hands, compared to its average volume of 445,609. The stock has a market capitalization of $2.81 billion, a price-to-earnings ratio of 13.80 and a beta of 0.83. WaFd has a one year low of $23.36 and a one year high of $37.49. The company has a quick ratio of 1.09, a current ratio of 1.11 and a debt-to-equity ratio of 1.52. The business's fifty day moving average is $35.28 and its 200-day moving average is $31.32.

WaFd (NASDAQ:WAFD - Get Free Report) last released its quarterly earnings results on Thursday, October 17th. The bank reported $0.71 EPS for the quarter, topping the consensus estimate of $0.70 by $0.01. WaFd had a net margin of 13.97% and a return on equity of 9.65%. The business had revenue of $389.98 million during the quarter, compared to analyst estimates of $190.43 million. During the same quarter in the prior year, the firm earned $0.72 earnings per share. As a group, equities analysts predict that WaFd will post 3.06 earnings per share for the current fiscal year.

Hedge Funds Weigh In On WaFd

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Blue Trust Inc. boosted its position in shares of WaFd by 80.8% in the third quarter. Blue Trust Inc. now owns 1,188 shares of the bank's stock worth $41,000 after buying an additional 531 shares during the period. Northwestern Mutual Wealth Management Co. grew its position in WaFd by 100.0% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,644 shares of the bank's stock valued at $47,000 after purchasing an additional 822 shares in the last quarter. GAMMA Investing LLC lifted its position in WaFd by 515.8% in the 3rd quarter. GAMMA Investing LLC now owns 1,558 shares of the bank's stock worth $54,000 after buying an additional 1,305 shares in the last quarter. nVerses Capital LLC acquired a new stake in shares of WaFd during the 2nd quarter valued at $80,000. Finally, Meeder Asset Management Inc. acquired a new position in WaFd during the first quarter valued at approximately $194,000. 83.71% of the stock is currently owned by hedge funds and other institutional investors.

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.