WaFd (NASDAQ:WAFD) Given "Equal Weight" Rating at Stephens

WaFd (NASDAQ:WAFD - Get Free Report)'s stock had its "equal weight" rating reissued by research analysts at Stephens in a report issued on Monday,Benzinga reports. They currently have a $29.00 target price on the bank's stock. Stephens' target price indicates a potential upside of 3.46% from the stock's current price.

Several other research analysts also recently commented on WAFD. StockNews.com upgraded WaFd from a "sell" rating to a "hold" rating in a research note on Saturday, April 12th. Piper Sandler dropped their price objective on WaFd from $37.00 to $31.00 and set a "neutral" rating for the company in a report on Tuesday, January 21st. Keefe, Bruyette & Woods cut their price target on shares of WaFd from $42.00 to $34.00 and set a "market perform" rating for the company in a report on Tuesday, January 21st. Finally, DA Davidson downgraded WaFd from a "buy" rating to a "neutral" rating and dropped their price objective for the stock from $35.00 to $32.00 in a research report on Thursday, February 6th. Five analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $30.50.

WaFd Trading Up 1.9 %

NASDAQ WAFD traded up $0.51 during trading on Monday, reaching $28.03. 752,169 shares of the stock traded hands, compared to its average volume of 521,403. WaFd has a fifty-two week low of $23.75 and a fifty-two week high of $38.62. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 1.05. The firm has a market cap of $2.29 billion, a price-to-earnings ratio of 12.92 and a beta of 0.79. The stock's 50-day moving average price is $28.18 and its 200 day moving average price is $31.85.

WaFd (NASDAQ:WAFD - Get Free Report) last announced its earnings results on Friday, April 11th. The bank reported $0.65 EPS for the quarter, topping the consensus estimate of $0.60 by $0.05. WaFd had a net margin of 12.66% and a return on equity of 8.78%. The firm had revenue of $179.79 million for the quarter, compared to the consensus estimate of $184.17 million. Analysts predict that WaFd will post 2.56 EPS for the current year.

Hedge Funds Weigh In On WaFd

Hedge funds have recently modified their holdings of the company. Raymond James Financial Inc. bought a new stake in shares of WaFd in the 4th quarter worth approximately $1,766,000. LPL Financial LLC grew its position in WaFd by 16.5% during the fourth quarter. LPL Financial LLC now owns 47,174 shares of the bank's stock worth $1,521,000 after buying an additional 6,682 shares in the last quarter. Barclays PLC raised its stake in WaFd by 33.3% in the third quarter. Barclays PLC now owns 161,958 shares of the bank's stock valued at $5,643,000 after purchasing an additional 40,499 shares in the last quarter. JPMorgan Chase & Co. lifted its position in WaFd by 152.9% in the 4th quarter. JPMorgan Chase & Co. now owns 469,704 shares of the bank's stock worth $15,143,000 after buying an additional 283,953 shares during the last quarter. Finally, Principal Financial Group Inc. raised its position in WaFd by 4.5% in the 4th quarter. Principal Financial Group Inc. now owns 447,621 shares of the bank's stock worth $14,431,000 after purchasing an additional 19,117 shares during the period. Institutional investors own 83.71% of the company's stock.

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.