Roubaix Capital LLC Makes New Investment in WaFd, Inc (NASDAQ:WAFD)

Roubaix Capital LLC bought a new position in shares of WaFd, Inc (NASDAQ:WAFD - Free Report) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 94,142 shares of the bank's stock, valued at approximately $3,281,000. WaFd accounts for approximately 1.8% of Roubaix Capital LLC's investment portfolio, making the stock its 29th largest holding. Roubaix Capital LLC owned 0.12% of WaFd as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Blue Trust Inc. raised its holdings in shares of WaFd by 80.8% during the third quarter. Blue Trust Inc. now owns 1,188 shares of the bank's stock worth $41,000 after purchasing an additional 531 shares during the period. GAMMA Investing LLC raised its holdings in shares of WaFd by 515.8% during the third quarter. GAMMA Investing LLC now owns 1,558 shares of the bank's stock worth $54,000 after purchasing an additional 1,305 shares during the period. Northwestern Mutual Wealth Management Co. raised its holdings in shares of WaFd by 100.0% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,644 shares of the bank's stock worth $47,000 after purchasing an additional 822 shares during the period. nVerses Capital LLC acquired a new stake in shares of WaFd during the second quarter worth $80,000. Finally, SG Americas Securities LLC acquired a new stake in shares of WaFd during the third quarter worth $194,000. 83.71% of the stock is owned by institutional investors and hedge funds.

WaFd Price Performance

WaFd stock traded down $0.44 during trading hours on Thursday, hitting $33.98. 344,230 shares of the company traded hands, compared to its average volume of 445,943. The firm has a market cap of $2.76 billion, a P/E ratio of 13.92 and a beta of 0.83. The company has a quick ratio of 1.09, a current ratio of 1.08 and a debt-to-equity ratio of 1.21. The firm's 50-day simple moving average is $35.29 and its two-hundred day simple moving average is $31.67. WaFd, Inc has a 1-year low of $24.18 and a 1-year high of $37.49.

WaFd (NASDAQ:WAFD - Get Free Report) last released its earnings results on Thursday, October 17th. The bank reported $0.71 EPS for the quarter, beating the consensus estimate of $0.70 by $0.01. The firm had revenue of $389.98 million for the quarter, compared to analysts' expectations of $190.43 million. WaFd had a net margin of 13.97% and a return on equity of 9.44%. During the same quarter last year, the company earned $0.72 EPS. As a group, analysts forecast that WaFd, Inc will post 2.99 earnings per share for the current fiscal year.

WaFd Announces Dividend

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

Analyst Ratings Changes

A number of analysts have weighed in on the stock. DA Davidson increased their target price on shares of WaFd from $39.00 to $41.00 and gave the stock a "buy" rating in a report on Monday, October 21st. Stephens increased 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. Keefe, Bruyette & Woods reaffirmed a "market perform" rating and issued a $40.00 price objective on shares of WaFd in a report on Monday, October 21st. StockNews.com cut shares of WaFd from a "hold" rating to a "sell" rating in a report on Thursday, October 3rd. Finally, Piper Sandler dropped their price objective on shares of WaFd from $36.00 to $35.00 and set a "neutral" rating on the stock in a report on Monday, October 21st. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target 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.