Hotchkis & Wiley Capital Management LLC lessened its holdings in shares of WaFd, Inc (NASDAQ:WAFD - Free Report) by 15.4% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 497,893 shares of the bank's stock after selling 90,370 shares during the period. Hotchkis & Wiley Capital Management LLC owned about 0.61% of WaFd worth $17,352,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. Louisiana State Employees Retirement System boosted its position in WaFd by 1.2% in the second quarter. Louisiana State Employees Retirement System now owns 34,000 shares of the bank's stock valued at $972,000 after buying an additional 400 shares in the last quarter. D.A. Davidson & CO. boosted its position in WaFd by 1.1% in the third quarter. D.A. Davidson & CO. now owns 41,400 shares of the bank's stock valued at $1,443,000 after buying an additional 437 shares in the last quarter. Blue Trust Inc. boosted its position in WaFd by 80.8% in the third quarter. Blue Trust Inc. now owns 1,188 shares of the bank's stock valued at $41,000 after buying an additional 531 shares in the last quarter. Covestor Ltd boosted its position in WaFd by 60.1% in the third quarter. Covestor Ltd now owns 1,904 shares of the bank's stock valued at $66,000 after buying an additional 715 shares in the last quarter. Finally, KBC Group NV boosted its position in WaFd by 35.1% in the third quarter. KBC Group NV now owns 2,797 shares of the bank's stock valued at $97,000 after buying an additional 726 shares in the last quarter. Institutional investors and hedge funds own 83.71% of the company's stock.
WaFd Stock Up 1.3 %
WaFd stock traded up $0.47 during midday trading on Wednesday, hitting $36.30. 287,685 shares of the stock were exchanged, compared to its average volume of 442,988. The stock has a market capitalization of $2.95 billion, a price-to-earnings ratio of 14.64 and a beta of 0.84. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 1.21. WaFd, Inc has a 52-week low of $25.78 and a 52-week high of $38.62. The business's 50-day moving average price is $35.53 and its 200-day moving average price is $33.09.
WaFd (NASDAQ:WAFD - Get Free Report) last announced its quarterly earnings data on Thursday, October 17th. The bank reported $0.71 EPS for the quarter, topping the consensus estimate of $0.70 by $0.01. The business had revenue of $389.98 million for the quarter, compared to analyst estimates of $190.43 million. WaFd had a net margin of 13.97% and a return on equity of 9.44%. During the same quarter in the previous year, the firm posted $0.72 earnings per share. On average, research analysts expect that WaFd, Inc will post 2.82 EPS for the current fiscal year.
WaFd Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Friday, November 22nd will be given a $0.26 dividend. This represents a $1.04 annualized dividend and a dividend yield of 2.87%. The ex-dividend date is Friday, November 22nd. WaFd's dividend payout ratio (DPR) is currently 41.94%.
Analyst Ratings Changes
Several research firms have recently issued reports on WAFD. DA Davidson raised their price target on shares of WaFd from $39.00 to $41.00 and gave the company a "buy" rating in a research note 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. 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. Finally, Piper Sandler dropped their price target on shares of WaFd from $36.00 to $35.00 and set a "neutral" rating for the company in a research note on Monday, October 21st. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the company's stock. Based on data from MarketBeat.com, WaFd presently has a consensus rating of "Hold" and an average target price of $38.00.
Get Our Latest Research Report on WaFd
Insider Activity
In other news, EVP Ryan Mauer sold 12,132 shares of the business's stock in a transaction that occurred on Monday, November 4th. The shares were sold at an average price of $33.33, for a total value of $404,359.56. Following the sale, the executive vice president now owns 100,376 shares of the company's stock, valued at $3,345,532.08. The trade was a 10.78 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 2.25% of the company's stock.
About WaFd
(
Free Report)
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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