American Century Companies Inc. Has $57.20 Million Position in WaFd, Inc (NASDAQ:WAFD)

American Century Companies Inc. increased its position in shares of WaFd, Inc (NASDAQ:WAFD - Free Report) by 15.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,774,081 shares of the bank's stock after acquiring an additional 234,977 shares during the quarter. American Century Companies Inc. owned about 2.18% of WaFd worth $57,196,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of WAFD. McIlrath & Eck LLC raised its position in shares of WaFd by 112.7% in the third quarter. McIlrath & Eck LLC now owns 1,323 shares of the bank's stock worth $46,000 after acquiring an additional 701 shares during the period. Harbour Investments Inc. boosted its stake in WaFd by 29.6% during the fourth quarter. Harbour Investments Inc. now owns 1,752 shares of the bank's stock worth $56,000 after buying an additional 400 shares during the last quarter. Blue Trust Inc. grew its holdings in shares of WaFd by 68.4% in the fourth quarter. Blue Trust Inc. now owns 2,000 shares of the bank's stock valued at $70,000 after purchasing an additional 812 shares during the period. US Bancorp DE increased its holdings in shares of 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 buying an additional 2,101 shares during the last quarter. Finally, KBC Group NV increased its position in shares of WaFd by 34.5% during the 4th quarter. KBC Group NV now owns 3,762 shares of the bank's stock worth $121,000 after purchasing an additional 965 shares during the last quarter. Hedge funds and other institutional investors own 83.71% of the company's stock.

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Analyst Upgrades and Downgrades

WAFD has been the topic of several research analyst reports. Stephens reiterated an "equal weight" rating and issued a $38.00 price objective on shares of WaFd in a report on Friday, January 17th. Keefe, Bruyette & Woods cut their price objective on shares of WaFd from $42.00 to $34.00 and set a "market perform" rating on the stock in a report on Tuesday, January 21st. Piper Sandler reduced 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. DA Davidson downgraded WaFd from a "buy" rating to a "neutral" rating and reduced their price objective for the company from $35.00 to $32.00 in a research note on Thursday, February 6th. Finally, StockNews.com upgraded shares of WaFd from a "sell" rating to a "hold" rating in a research note on Thursday, March 6th. Five research analysts have rated the stock with a hold rating, According to data from MarketBeat, WaFd presently has a consensus rating of "Hold" and an average target price of $33.75.

WaFd Stock Down 1.4 %

Shares of WaFd stock traded down $0.39 during trading hours on Friday, hitting $28.31. 356,860 shares of the company's stock traded hands, compared to its average volume of 499,842. WaFd, Inc has a twelve month low of $25.79 and a twelve month high of $38.62. 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 company has a market cap of $2.31 billion, a PE ratio of 13.05 and a beta of 0.83. The stock has a 50 day simple moving average of $29.28 and a 200-day simple moving average of $32.76.

WaFd Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 7th. Investors of record on Friday, February 21st were paid a $0.27 dividend. This is a positive change from WaFd's previous quarterly dividend of $0.26. The ex-dividend date was Friday, February 21st. This represents a $1.08 dividend on an annualized basis and a yield of 3.81%. WaFd's dividend payout ratio (DPR) is currently 49.77%.

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.