Jane Street Group LLC cut its holdings in shares of WaFd, Inc (NASDAQ:WAFD - Free Report) by 47.6% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 62,598 shares of the bank's stock after selling 56,967 shares during the quarter. Jane Street Group LLC owned about 0.08% of WaFd worth $2,182,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. State Street Corp increased its position in shares of WaFd by 5.2% during the third quarter. State Street Corp now owns 3,969,790 shares of the bank's stock valued at $138,347,000 after acquiring an additional 195,845 shares during the last quarter. Systematic Financial Management LP raised its position in WaFd by 21.5% in the third quarter. Systematic Financial Management LP now owns 1,432,523 shares of the bank's stock valued at $49,923,000 after purchasing an additional 253,044 shares during the period. Janus Henderson Group PLC lifted its stake in WaFd by 14.4% during the third quarter. Janus Henderson Group PLC now owns 34,255 shares of the bank's stock worth $1,194,000 after purchasing an additional 4,300 shares in the last quarter. HighTower Advisors LLC acquired a new stake in shares of WaFd in the third quarter valued at $237,000. Finally, Verition Fund Management LLC raised its holdings in shares of WaFd by 6.4% in the 3rd quarter. Verition Fund Management LLC now owns 68,513 shares of the bank's stock valued at $2,388,000 after buying an additional 4,131 shares during the period. 83.71% of the stock is owned by institutional investors and hedge funds.
WaFd Stock Performance
WaFd stock traded up $0.43 during mid-day trading on Tuesday, reaching $32.93. 176,200 shares of the company were exchanged, compared to its average volume of 446,273. The firm has a market cap of $2.68 billion, a PE ratio of 13.28 and a beta of 0.84. The company has a debt-to-equity ratio of 1.21, a quick ratio of 1.08 and a current ratio of 1.08. The firm's 50-day simple moving average is $35.55 and its two-hundred day simple moving average is $33.75. WaFd, Inc has a twelve month low of $25.78 and a twelve month high of $38.62.
WaFd (NASDAQ:WAFD - Get Free Report) last issued its quarterly earnings results on Thursday, October 17th. The bank reported $0.71 earnings per share for the quarter, topping the consensus estimate of $0.70 by $0.01. The firm had revenue of $389.98 million during the quarter, compared to the consensus estimate of $190.43 million. WaFd had a return on equity of 9.44% and a net margin of 13.97%. During the same period last year, the company earned $0.72 earnings per share. Equities analysts predict that WaFd, Inc will post 2.82 earnings per share for the current fiscal year.
WaFd Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Friday, December 6th. Stockholders of record on Friday, November 22nd were issued a $0.26 dividend. This represents a $1.04 annualized dividend and a dividend yield of 3.16%. The ex-dividend date of this dividend was Friday, November 22nd. WaFd's payout ratio is 41.94%.
Insider Transactions at WaFd
In other WaFd news, EVP Ryan Mauer sold 12,132 shares of the stock in a transaction 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 completion of the transaction, the executive vice president now owns 100,376 shares in the company, valued at approximately $3,345,532.08. This represents a 10.78 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 2.25% of the company's stock.
Analyst Ratings Changes
Several equities analysts have weighed in on the company. DA Davidson lifted their target price on WaFd from $39.00 to $41.00 and gave the company a "buy" rating in a research report on Monday, October 21st. Keefe, Bruyette & Woods reaffirmed a "market perform" rating and set a $40.00 target price on shares of WaFd in a research note on Monday, October 21st. StockNews.com upgraded shares of WaFd from a "sell" rating to a "hold" rating in a research note on Tuesday, November 12th. Finally, Piper Sandler reduced their target price on WaFd from $36.00 to $35.00 and set a "neutral" rating for the company in a report on Monday, October 21st. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $38.00.
Read Our Latest Stock Analysis on WaFd
WaFd Company Profile
(
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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