WaFd, Inc (NASDAQ:WAFD) Shares Bought by Pathstone Holdings LLC

Pathstone Holdings LLC increased its holdings in shares of WaFd, Inc (NASDAQ:WAFD - Free Report) by 48.8% during the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 50,431 shares of the bank's stock after purchasing an additional 16,539 shares during the period. Pathstone Holdings LLC owned 0.06% of WaFd worth $1,758,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of WAFD. Vanguard Group Inc. grew its stake in WaFd by 1.6% in the first quarter. Vanguard Group Inc. now owns 7,902,461 shares of the bank's stock valued at $229,408,000 after purchasing an additional 125,020 shares during the last quarter. American Century Companies Inc. grew its position in shares of WaFd by 31.6% in the 2nd quarter. American Century Companies Inc. now owns 1,274,665 shares of the bank's stock worth $36,430,000 after buying an additional 305,942 shares during the last quarter. Bank of New York Mellon Corp grew its position in shares of WaFd by 1.3% in the 2nd quarter. Bank of New York Mellon Corp now owns 728,619 shares of the bank's stock worth $20,824,000 after buying an additional 9,262 shares during the last quarter. Assenagon Asset Management S.A. bought a new position in shares of WaFd during the 3rd quarter worth approximately $18,583,000. Finally, Principal Financial Group Inc. lifted its position in WaFd by 28.6% during the third quarter. Principal Financial Group Inc. now owns 428,504 shares of the bank's stock valued at $14,933,000 after acquiring an additional 95,251 shares during the last quarter. 83.71% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, EVP Ryan Mauer sold 12,132 shares of WaFd stock in a transaction dated Monday, November 4th. The stock was sold at an average price of $33.33, for a total value of $404,359.56. Following the completion of the transaction, the executive vice president now owns 100,376 shares in the company, valued at $3,345,532.08. The trade was a 10.78 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 2.25% of the company's stock.

WaFd Stock Performance

Shares of WAFD traded down $0.06 during trading hours on Thursday, reaching $37.11. 311,996 shares of the company traded hands, compared to its average volume of 432,337. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 1.21. The business has a fifty day moving average price of $35.40 and a 200-day moving average price of $32.84. WaFd, Inc has a 12-month low of $25.78 and a 12-month high of $38.62. The stock has a market capitalization of $3.02 billion, a P/E ratio of 14.96 and a beta of 0.83.

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

WaFd Announces Dividend

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

Wall Street Analysts Forecast Growth

Several research firms have issued reports on WAFD. Piper Sandler cut their price target on shares of WaFd from $36.00 to $35.00 and set a "neutral" rating on the stock in a report on Monday, October 21st. StockNews.com raised WaFd from a "sell" rating to a "hold" rating in a research report on Tuesday, November 12th. Keefe, Bruyette & Woods reaffirmed a "market perform" rating and set a $40.00 target price on shares of WaFd in a research report on Monday, October 21st. Finally, DA Davidson raised 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. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, WaFd presently has an average rating of "Hold" and a consensus price target of $38.00.

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.