WaFd, Inc (NASDAQ:WAFD) Shares Sold by Victory Capital Management Inc.

Victory Capital Management Inc. decreased its position in shares of WaFd, Inc (NASDAQ:WAFD - Free Report) by 35.2% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 176,788 shares of the bank's stock after selling 95,933 shares during the quarter. Victory Capital Management Inc. owned 0.22% of WaFd worth $6,161,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in WAFD. Sei Investments Co. increased its holdings in WaFd by 29.1% during the first quarter. Sei Investments Co. now owns 26,467 shares of the bank's stock valued at $768,000 after buying an additional 5,972 shares during the last quarter. Russell Investments Group Ltd. increased its stake in WaFd by 17,472.3% in the 1st quarter. Russell Investments Group Ltd. now owns 8,259 shares of the bank's stock worth $240,000 after buying an additional 8,212 shares in the last quarter. State Board of Administration of Florida Retirement System raised its holdings in WaFd by 62.6% during the first quarter. State Board of Administration of Florida Retirement System now owns 30,426 shares of the bank's stock valued at $916,000 after acquiring an additional 11,714 shares during the period. Vanguard Group Inc. lifted its holdings in shares of WaFd by 1.6% in the first quarter. Vanguard Group Inc. now owns 7,902,461 shares of the bank's stock worth $229,408,000 after buying an additional 125,020 shares in the last quarter. Finally, Ameritas Investment Partners Inc. boosted its position in shares of WaFd by 5.7% during the first quarter. Ameritas Investment Partners Inc. now owns 6,887 shares of the bank's stock worth $200,000 after acquiring an additional 373 shares during the last quarter. 83.71% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently commented on WAFD. Keefe, Bruyette & Woods reaffirmed a "market perform" rating and set a $40.00 price target on shares of WaFd in a research note on Monday, October 21st. DA Davidson lifted their target price on WaFd from $39.00 to $41.00 and gave the stock a "buy" rating 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, Piper Sandler lowered their price objective 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. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $38.00.

WaFd Stock Up 2.9 %

NASDAQ WAFD traded up $1.05 during trading on Friday, reaching $37.15. 353,590 shares of the company's stock traded hands, compared to its average volume of 427,234. The company's 50 day simple moving average is $35.33 and its two-hundred day simple moving average is $32.63. WaFd, Inc has a 12-month low of $25.78 and a 12-month high of $38.58. The firm has a market cap of $3.02 billion, a price-to-earnings ratio of 14.98 and a beta of 0.83. The company has a debt-to-equity ratio of 1.21, a current ratio of 1.08 and a quick ratio of 1.09.

WaFd (NASDAQ:WAFD - Get Free Report) last announced its earnings results on Thursday, October 17th. The bank reported $0.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.70 by $0.01. The business had revenue of $389.98 million for the quarter, compared to analysts' expectations of $190.43 million. WaFd had a return on equity of 9.44% and a net margin of 13.97%. During the same quarter last year, the firm earned $0.72 EPS. As a group, sell-side analysts forecast that WaFd, Inc will post 2.82 EPS for the current fiscal year.

WaFd Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Friday, November 22nd will be issued 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 dividend yield of 2.80%. WaFd's dividend payout ratio (DPR) is presently 41.94%.

Insider Activity at WaFd

In other WaFd news, EVP Ryan Mauer sold 12,132 shares of the firm's stock in a transaction that occurred on 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 of the company's stock, valued at approximately $3,345,532.08. This trade represents a 10.78 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 2.25% of the stock is currently owned by insiders.

About WaFd

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.