Thrivent Financial for Lutherans Trims Stock Holdings in WaFd, Inc (NASDAQ:WAFD)

Thrivent Financial for Lutherans lowered its holdings in shares of WaFd, Inc (NASDAQ:WAFD - Free Report) by 41.6% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 67,820 shares of the bank's stock after selling 48,318 shares during the quarter. Thrivent Financial for Lutherans owned approximately 0.08% of WaFd worth $2,364,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the business. Mutual of America Capital Management LLC grew its position in shares of WaFd by 10.0% during the 3rd quarter. Mutual of America Capital Management LLC now owns 12,215 shares of the bank's stock valued at $426,000 after acquiring an additional 1,108 shares during the period. Natixis Advisors LLC grew its holdings in WaFd by 9.3% during the third quarter. Natixis Advisors LLC now owns 18,187 shares of the bank's stock valued at $634,000 after purchasing an additional 1,548 shares during the period. CIBC Asset Management Inc purchased a new stake in WaFd in the 3rd quarter worth approximately $247,000. KBC Group NV increased its stake in shares of WaFd by 35.1% in the third 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. Finally, Covestor Ltd increased its stake in WaFd by 60.1% in the 3rd quarter. Covestor Ltd now owns 1,904 shares of the bank's stock worth $66,000 after buying an additional 715 shares in the last quarter. Institutional investors own 83.71% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts recently commented on WAFD shares. DA Davidson boosted 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. Piper Sandler dropped their target price on shares of WaFd from $36.00 to $35.00 and set a "neutral" rating for the company in a research report on Monday, October 21st. StockNews.com raised shares of WaFd from a "sell" rating to a "hold" rating in a research note on Tuesday, November 12th. Finally, Keefe, Bruyette & Woods reiterated a "market perform" rating and issued a $40.00 price target on shares of WaFd in a research note on Monday, October 21st. Four 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 stock has a consensus rating of "Hold" and an average price target of $38.00.

WaFd Price Performance

Shares of WAFD stock traded down $0.06 on Thursday, reaching $37.11. The company's stock had a trading volume of 311,996 shares, compared to its average volume of 432,337. The stock's fifty day simple moving average is $35.40 and its 200-day simple moving average is $32.84. WaFd, Inc has a 1 year low of $25.78 and a 1 year high of $38.62. The company 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 current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 1.21.

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. WaFd had a net margin of 13.97% and a return on equity of 9.44%. The business had revenue of $389.98 million during the quarter, compared to analysts' expectations of $190.43 million. During the same period last year, the company posted $0.72 EPS. Analysts forecast that WaFd, Inc will post 2.82 earnings per share for the current fiscal year.

WaFd Announces Dividend

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

Insider Buying and Selling at WaFd

In other WaFd news, EVP Ryan Mauer sold 12,132 shares of WaFd stock in a transaction on Monday, November 4th. The shares were sold at an average price of $33.33, for a total transaction of $404,359.56. Following the completion of the transaction, the executive vice president now directly owns 100,376 shares of the company's stock, valued at $3,345,532.08. The trade was a 10.78 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 2.25% of the company's stock.

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.