StockNews.com Upgrades WaFd (NASDAQ:WAFD) to Hold

WaFd (NASDAQ:WAFD - Get Free Report) was upgraded by investment analysts at StockNews.com from a "sell" rating to a "hold" rating in a report issued on Thursday.

A number of other equities analysts have also recently weighed in on WAFD. Stephens reissued an "equal weight" rating and set a $38.00 price objective on shares of WaFd in a report on Friday, January 17th. Keefe, Bruyette & Woods decreased their price target on WaFd from $42.00 to $34.00 and set a "market perform" rating on the stock in a research note on Tuesday, January 21st. DA Davidson cut WaFd from a "buy" rating to a "neutral" rating and decreased their price target for the stock from $35.00 to $32.00 in a research note on Thursday, February 6th. Finally, Piper Sandler decreased their price target on WaFd from $37.00 to $31.00 and set a "neutral" rating on the stock in a research note on Tuesday, January 21st. Five equities research analysts have rated the stock with a hold rating, According to MarketBeat.com, WaFd presently has an average rating of "Hold" and a consensus price target of $33.75.

WaFd Price Performance

Shares of NASDAQ WAFD traded up $0.05 during trading hours on Thursday, reaching $28.81. 399,046 shares of the stock traded hands, compared to its average volume of 525,033. The company has a market capitalization of $2.35 billion, a P/E ratio of 13.28 and a beta of 0.83. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 1.05. WaFd has a 52-week low of $25.78 and a 52-week high of $38.62. The company's 50-day simple moving average is $30.32 and its two-hundred day simple moving average is $33.59.

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Hedge Funds Weigh In On WaFd

Several hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. increased its stake in shares of WaFd by 1.8% during the fourth quarter. Vanguard Group Inc. now owns 9,420,004 shares of the bank's stock valued at $303,701,000 after buying an additional 166,931 shares during the period. State Street Corp increased its stake in shares of WaFd by 5.2% during the third quarter. State Street Corp now owns 3,969,790 shares of the bank's stock valued at $138,347,000 after buying an additional 195,845 shares during the period. Fuller & Thaler Asset Management Inc. increased its stake in shares of WaFd by 1.2% during the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 3,696,480 shares of the bank's stock valued at $119,175,000 after buying an additional 42,096 shares during the period. American Century Companies Inc. increased its stake in shares of WaFd by 15.3% during the fourth quarter. American Century Companies Inc. now owns 1,774,081 shares of the bank's stock valued at $57,196,000 after buying an additional 234,977 shares during the period. Finally, Geode Capital Management LLC increased its stake in shares of WaFd by 10.0% during the third quarter. Geode Capital Management LLC now owns 1,759,135 shares of the bank's stock valued at $61,318,000 after buying an additional 159,750 shares during the period. 83.71% of the stock is 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.