Dana Investment Advisors Inc. Sells 9,515 Shares of WaFd, Inc (NASDAQ:WAFD)

Dana Investment Advisors Inc. cut its stake in WaFd, Inc (NASDAQ:WAFD - Free Report) by 5.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 165,103 shares of the bank's stock after selling 9,515 shares during the quarter. Dana Investment Advisors Inc. owned 0.20% of WaFd worth $5,323,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of WAFD. Systematic Financial Management LP raised its stake in shares of WaFd by 21.5% in the third quarter. Systematic Financial Management LP now owns 1,432,523 shares of the bank's stock worth $49,923,000 after purchasing an additional 253,044 shares during the last quarter. State Street Corp raised its stake in shares of WaFd by 5.2% in the third quarter. State Street Corp now owns 3,969,790 shares of the bank's stock worth $138,347,000 after purchasing an additional 195,845 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of WaFd by 10.0% in the third quarter. Geode Capital Management LLC now owns 1,759,135 shares of the bank's stock worth $61,318,000 after purchasing an additional 159,750 shares during the last quarter. Principal Financial Group Inc. raised its stake in shares of WaFd by 28.6% in the third quarter. Principal Financial Group Inc. now owns 428,504 shares of the bank's stock worth $14,933,000 after purchasing an additional 95,251 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of WaFd by 7.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,225,248 shares of the bank's stock worth $42,700,000 after purchasing an additional 84,155 shares during the last quarter. 83.71% of the stock is owned by hedge funds and other institutional investors.

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Analyst Upgrades and Downgrades

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

WaFd Stock Performance

NASDAQ WAFD traded up $0.05 on Friday, hitting $28.81. 399,046 shares of the stock traded hands, compared to its average volume of 525,033. The business's fifty day moving average is $30.32 and its two-hundred day moving average is $33.59. WaFd, Inc has a 12 month low of $25.78 and a 12 month high of $38.62. The firm has a market capitalization of $2.35 billion, a price-to-earnings ratio of 13.28 and a beta of 0.83. The company has a debt-to-equity ratio of 1.05, a quick ratio of 1.04 and a current ratio of 1.04.

WaFd Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 7th. Shareholders of record on Friday, February 21st were issued a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a yield of 3.75%. This is a positive change from WaFd's previous quarterly dividend of $0.26. The ex-dividend date of this dividend was Friday, February 21st. WaFd's dividend payout ratio is 49.77%.

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.