Vanguard Group Inc. lifted its position in WaFd, Inc (NASDAQ:WAFD - Free Report) by 1.8% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 9,420,004 shares of the bank's stock after purchasing an additional 166,931 shares during the period. Vanguard Group Inc. owned 11.55% of WaFd worth $303,701,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently bought and sold shares of WAFD. McIlrath & Eck LLC lifted its holdings in shares of WaFd by 112.7% in the 3rd quarter. McIlrath & Eck LLC now owns 1,323 shares of the bank's stock worth $46,000 after buying an additional 701 shares during the period. Harbour Investments Inc. raised its holdings in shares of WaFd by 29.6% in the fourth quarter. Harbour Investments Inc. now owns 1,752 shares of the bank's stock valued at $56,000 after acquiring an additional 400 shares in the last quarter. Blue Trust Inc. lifted its stake in WaFd by 68.4% in the fourth quarter. Blue Trust Inc. now owns 2,000 shares of the bank's stock worth $70,000 after acquiring an additional 812 shares during the period. US Bancorp DE grew its holdings in WaFd by 136.7% during the 4th quarter. US Bancorp DE now owns 3,638 shares of the bank's stock worth $117,000 after acquiring an additional 2,101 shares in the last quarter. Finally, KBC Group NV increased its position in WaFd by 34.5% during the 4th quarter. KBC Group NV now owns 3,762 shares of the bank's stock valued at $121,000 after purchasing an additional 965 shares during the period. Institutional investors own 83.71% of the company's stock.
WaFd Stock Down 1.3 %
NASDAQ WAFD traded down $0.32 on Tuesday, hitting $24.79. The stock had a trading volume of 684,119 shares, compared to its average volume of 509,187. The business's fifty day moving average price is $28.77 and its 200 day moving average price is $32.26. The stock has a market cap of $2.02 billion, a price-to-earnings ratio of 11.42 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, Inc has a 52-week low of $24.00 and a 52-week high of $38.62.
WaFd Increases Dividend
The firm also recently announced a quarterly dividend, which was paid on Friday, March 7th. Investors of record on Friday, February 21st were given a dividend of $0.27 per share. This is a positive change from WaFd's previous quarterly dividend of $0.26. This represents a $1.08 annualized dividend and a yield of 4.36%. The ex-dividend date of this dividend was Friday, February 21st. WaFd's dividend payout ratio is currently 49.77%.
Analysts Set New Price Targets
Several equities research analysts have recently weighed in on WAFD shares. StockNews.com cut shares of WaFd from a "hold" rating to a "sell" rating in a research report on Friday. Piper Sandler dropped their target price on WaFd from $37.00 to $31.00 and set a "neutral" rating on the stock in a research report on Tuesday, January 21st. DA Davidson downgraded WaFd from a "buy" rating to a "neutral" rating and cut their price target for the company from $35.00 to $32.00 in a report on Thursday, February 6th. Stephens restated an "equal weight" rating and set a $38.00 price objective on shares of WaFd in a research note on Friday, January 17th. Finally, Keefe, Bruyette & Woods cut their target price 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. One equities research analyst has rated the stock with a sell rating and four have given a hold rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $33.75.
Check Out Our Latest Report on WaFd
About WaFd
(
Free Report)
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.
Further Reading
Before you consider WaFd, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and WaFd wasn't on the list.
While WaFd currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Looking for the next FAANG stock before everyone has heard about it? Enter your email address to see which stocks MarketBeat analysts think might become the next trillion dollar tech company.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
