Royce & Associates LP Sells 18,040 Shares of WaFd, Inc (NASDAQ:WAFD)

Royce & Associates LP cut its stake in WaFd, Inc (NASDAQ:WAFD - Free Report) by 35.6% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 32,663 shares of the bank's stock after selling 18,040 shares during the period. Royce & Associates LP's holdings in WaFd were worth $1,138,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Blue Trust Inc. increased its position in shares of WaFd by 80.8% during the 3rd quarter. Blue Trust Inc. now owns 1,188 shares of the bank's stock worth $41,000 after purchasing an additional 531 shares in the last quarter. GAMMA Investing LLC increased its position in shares of WaFd by 515.8% during the 3rd quarter. GAMMA Investing LLC now owns 1,558 shares of the bank's stock worth $54,000 after purchasing an additional 1,305 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its position in shares of WaFd by 100.0% during the 2nd 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 in the last quarter. Covestor Ltd increased its position in shares of WaFd by 60.1% during the 3rd quarter. Covestor Ltd now owns 1,904 shares of the bank's stock worth $66,000 after purchasing an additional 715 shares in the last quarter. Finally, KBC Group NV increased its position in shares of WaFd by 35.1% during the 3rd quarter. KBC Group NV now owns 2,797 shares of the bank's stock worth $97,000 after purchasing an additional 726 shares in the last quarter. 83.71% of the stock is owned by institutional investors.

Insider Transactions at WaFd

In related news, EVP Ryan Mauer sold 12,132 shares of the firm's stock in a transaction dated Monday, November 4th. The shares were sold at an average price of $33.33, for a total value of $404,359.56. Following the completion of the sale, the executive vice president now directly owns 100,376 shares in the company, valued at approximately $3,345,532.08. This trade represents a 10.78 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 2.25% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on WAFD shares. Keefe, Bruyette & Woods reiterated a "market perform" rating and set a $40.00 target price on shares of WaFd in a research report on Monday, October 21st. StockNews.com raised WaFd from a "sell" rating to a "hold" rating in a research note on Tuesday, November 12th. Piper Sandler decreased their target price on WaFd from $36.00 to $35.00 and set a "neutral" rating for the company in a research report on Monday, October 21st. Finally, DA Davidson increased their price target on shares of WaFd from $39.00 to $41.00 and gave the company a "buy" rating in a research report on Monday, October 21st. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $38.00.

WaFd Trading Down 1.4 %

NASDAQ:WAFD traded down $0.50 on Wednesday, reaching $35.45. The company's stock had a trading volume of 55,645 shares, compared to its average volume of 445,417. The firm has a market cap of $2.88 billion, a PE ratio of 14.41 and a beta of 0.83. The company has a debt-to-equity ratio of 1.21, a quick ratio of 1.09 and a current ratio of 1.08. The business's 50-day moving average price is $35.25 and its two-hundred day moving average price is $32.52. WaFd, Inc has a 1-year low of $25.78 and a 1-year high of $38.58.

WaFd (NASDAQ:WAFD - Get Free Report) last issued its quarterly earnings data on Thursday, October 17th. The bank reported $0.71 EPS for the quarter, topping analysts' consensus estimates of $0.70 by $0.01. The business had revenue of $389.98 million for the quarter, compared to analyst estimates of $190.43 million. WaFd had a net margin of 13.97% and a return on equity of 9.44%. During the same period last year, the business posted $0.72 earnings per share. Equities research analysts anticipate that WaFd, Inc will post 2.82 earnings per share for the current fiscal year.

WaFd Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Friday, November 22nd will be given a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 2.93%. The ex-dividend date is Friday, November 22nd. WaFd's dividend payout ratio is presently 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.