Two Sigma Securities LLC Sells 11,333 Shares of WaFd, Inc (NASDAQ:WAFD)

Two Sigma Securities LLC cut its position in WaFd, Inc (NASDAQ:WAFD - Free Report) by 52.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 10,448 shares of the bank's stock after selling 11,333 shares during the period. Two Sigma Securities LLC's holdings in WaFd were worth $337,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the company. Raymond James Financial Inc. acquired a new position in shares of WaFd in the 4th quarter worth approximately $1,766,000. LPL Financial LLC boosted its stake in WaFd by 16.5% in the fourth quarter. LPL Financial LLC now owns 47,174 shares of the bank's stock worth $1,521,000 after purchasing an additional 6,682 shares in the last quarter. Barclays PLC boosted its stake in WaFd by 33.3% in the third quarter. Barclays PLC now owns 161,958 shares of the bank's stock worth $5,643,000 after purchasing an additional 40,499 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in shares of WaFd by 152.9% during the fourth quarter. JPMorgan Chase & Co. now owns 469,704 shares of the bank's stock worth $15,143,000 after purchasing an additional 283,953 shares during the last quarter. Finally, Principal Financial Group Inc. increased its stake in shares of WaFd by 4.5% in the fourth quarter. Principal Financial Group Inc. now owns 447,621 shares of the bank's stock valued at $14,431,000 after buying an additional 19,117 shares in the last quarter. 83.71% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research analysts recently issued reports on the stock. StockNews.com upgraded shares of WaFd from a "sell" rating to a "hold" rating in a research report on Saturday, April 12th. Keefe, Bruyette & Woods decreased their price target on shares of WaFd from $32.00 to $30.00 and set a "market perform" rating on the stock in a research note on Wednesday, April 16th. DA Davidson lowered shares of WaFd from a "buy" rating to a "neutral" rating and lowered their price target for the company from $35.00 to $32.00 in a report on Thursday, February 6th. Piper Sandler reduced their price objective on WaFd from $37.00 to $31.00 and set a "neutral" rating on the stock in a report on Tuesday, January 21st. Finally, Stephens reissued an "equal weight" rating and issued a $29.00 target price on shares of WaFd in a research note on Monday, April 14th. Five analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $30.50.

WaFd Stock Down 1.1 %

Shares of NASDAQ:WAFD opened at $28.22 on Monday. The company has a 50 day moving average of $27.98 and a 200-day moving average of $31.57. WaFd, Inc has a one year low of $23.75 and a one year high of $38.62. The stock has a market cap of $2.30 billion, a price-to-earnings ratio of 13.00 and a beta of 0.79. The company has a debt-to-equity ratio of 1.05, a current ratio of 1.04 and a quick ratio of 1.04.

WaFd (NASDAQ:WAFD - Get Free Report) last issued its earnings results on Friday, April 11th. The bank reported $0.65 EPS for the quarter, beating 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 company had revenue of $179.79 million during the quarter, compared to analysts' expectations of $184.17 million. On average, sell-side analysts forecast that WaFd, Inc will post 2.56 earnings per share for the current year.

WaFd Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 7th. Shareholders of record on Friday, February 21st were issued a dividend of $0.27 per share. The ex-dividend date of this dividend was Friday, February 21st. This represents a $1.08 dividend on an annualized basis and a yield of 3.83%. This is a boost from WaFd's previous quarterly dividend of $0.26. WaFd's dividend payout ratio (DPR) is 40.75%.

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.

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