Swiss National Bank Has $5.52 Million Stake in WaFd, Inc (NASDAQ:WAFD)

Swiss National Bank raised its holdings in shares of WaFd, Inc (NASDAQ:WAFD - Free Report) by 15.8% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 158,426 shares of the bank's stock after purchasing an additional 21,600 shares during the period. Swiss National Bank owned about 0.20% of WaFd worth $5,521,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the business. Blue Trust Inc. lifted its stake in shares of WaFd by 80.8% in the 3rd quarter. Blue Trust Inc. now owns 1,188 shares of the bank's stock worth $41,000 after acquiring an additional 531 shares during the period. GAMMA Investing LLC boosted its holdings in shares of WaFd by 515.8% in the third quarter. GAMMA Investing LLC now owns 1,558 shares of the bank's stock worth $54,000 after buying an additional 1,305 shares during the period. Northwestern Mutual Wealth Management Co. grew its position in 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 grew its holdings in shares of WaFd by 60.1% during the third quarter. Covestor Ltd now owns 1,904 shares of the bank's stock valued at $66,000 after buying an additional 715 shares in the last quarter. Finally, KBC Group NV grew its stake in WaFd by 35.1% during the 3rd quarter. KBC Group NV now owns 2,797 shares of the bank's stock valued at $97,000 after acquiring an additional 726 shares in the last quarter. Institutional investors own 83.71% of the company's stock.

Insider Transactions at WaFd

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

Analysts Set New Price Targets

Several research analysts have weighed in on WAFD shares. StockNews.com raised WaFd from a "sell" rating to a "hold" rating in a research report on Tuesday, November 12th. Piper Sandler dropped their target price 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. DA Davidson upped their price target on WaFd from $39.00 to $41.00 and gave the stock a "buy" rating in a report on Monday, October 21st. Finally, Keefe, Bruyette & Woods reiterated a "market perform" rating and issued a $40.00 target price on shares of WaFd in a research note 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. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $38.00.

WaFd Trading Down 0.2 %

NASDAQ:WAFD traded down $0.06 on Thursday, hitting $37.11. 311,996 shares of the stock were exchanged, compared to its average volume of 432,337. The stock has a market capitalization of $3.02 billion, a price-to-earnings ratio of 14.96 and a beta of 0.83. The company has a debt-to-equity ratio of 1.21, a quick ratio of 1.08 and a current ratio of 1.08. WaFd, Inc has a 52 week low of $25.78 and a 52 week high of $38.62. The company's 50-day moving average price is $35.40 and its 200 day moving average price is $32.84.

WaFd (NASDAQ:WAFD - Get Free Report) last posted its earnings results on Thursday, October 17th. The bank reported $0.71 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.70 by $0.01. WaFd had a return on equity of 9.44% and a net margin of 13.97%. The company had revenue of $389.98 million during the quarter, compared to analyst estimates of $190.43 million. During the same period in the previous year, the company earned $0.72 EPS. On average, equities research analysts forecast that WaFd, Inc will post 2.82 earnings per share for the current year.

WaFd Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Friday, November 22nd will be paid a $0.26 dividend. The ex-dividend date is Friday, November 22nd. This represents a $1.04 dividend on an annualized basis and a yield of 2.80%. WaFd's payout ratio is 41.94%.

WaFd 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.