Victory Capital Management Inc. Raises Stock Holdings in WaFd, Inc (NASDAQ:WAFD)

Victory Capital Management Inc. lifted its holdings in shares of WaFd, Inc (NASDAQ:WAFD - Free Report) by 5.1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 185,859 shares of the bank's stock after acquiring an additional 9,071 shares during the quarter. Victory Capital Management Inc. owned 0.23% of WaFd worth $5,992,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. US Bancorp DE grew its position in shares of WaFd by 136.7% in the fourth quarter. US Bancorp DE now owns 3,638 shares of the bank's stock valued at $117,000 after purchasing an additional 2,101 shares in the last quarter. Illinois Municipal Retirement Fund grew its position in shares of WaFd by 20.3% in the fourth quarter. Illinois Municipal Retirement Fund now owns 44,030 shares of the bank's stock valued at $1,420,000 after purchasing an additional 7,445 shares in the last quarter. Bank of New York Mellon Corp grew its position in shares of WaFd by 4.1% in the fourth quarter. Bank of New York Mellon Corp now owns 736,564 shares of the bank's stock valued at $23,747,000 after purchasing an additional 28,849 shares in the last quarter. Handelsbanken Fonder AB grew its position in shares of WaFd by 20.0% in the fourth quarter. Handelsbanken Fonder AB now owns 18,574 shares of the bank's stock valued at $599,000 after purchasing an additional 3,100 shares in the last quarter. Finally, Davidson Investment Advisors grew its position in shares of WaFd by 1.8% in the fourth quarter. Davidson Investment Advisors now owns 295,524 shares of the bank's stock valued at $9,528,000 after purchasing an additional 5,198 shares in the last quarter. 83.71% of the stock is owned by hedge funds and other institutional investors.

WaFd Stock Performance

Shares of WAFD opened at $28.24 on Friday. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 1.05. The business's 50 day moving average price is $29.88 and its 200-day moving average price is $33.34. WaFd, Inc has a 52 week low of $25.78 and a 52 week high of $38.62. The stock has a market cap of $2.30 billion, a P/E ratio of 13.01 and a beta of 0.82.

WaFd Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 7th. Investors of record on Friday, February 21st were given a $0.27 dividend. The ex-dividend date was Friday, February 21st. This is a boost from WaFd's previous quarterly dividend of $0.26. This represents a $1.08 annualized dividend and a yield of 3.82%. WaFd's dividend payout ratio is 49.77%.

Analysts Set New Price Targets

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

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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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