Prudential Financial Inc. lowered its position in WaFd, Inc (NASDAQ:WAFD - Free Report) by 43.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 82,044 shares of the bank's stock after selling 63,529 shares during the quarter. Prudential Financial Inc. owned 0.10% of WaFd worth $2,645,000 as of its most recent SEC filing.
Other institutional investors also recently modified their holdings of the company. McIlrath & Eck LLC lifted its position in 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 purchasing an additional 701 shares during the period. Harbour Investments Inc. raised its stake in shares of WaFd by 29.6% in the 4th quarter. Harbour Investments Inc. now owns 1,752 shares of the bank's stock valued at $56,000 after buying an additional 400 shares in the last quarter. Blue Trust Inc. raised its stake in shares of WaFd by 68.4% in the 4th quarter. Blue Trust Inc. now owns 2,000 shares of the bank's stock valued at $70,000 after buying an additional 812 shares in the last quarter. US Bancorp DE lifted 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 acquiring an additional 2,101 shares during the period. Finally, KBC Group NV boosted 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 valued at $121,000 after acquiring an additional 965 shares in the last quarter. Institutional investors and hedge funds own 83.71% of the company's stock.
WaFd Price Performance
WaFd stock traded down $0.32 on Tuesday, reaching $24.79. The company's stock had a trading volume of 684,119 shares, compared to its average volume of 509,187. WaFd, Inc has a twelve month low of $24.00 and a twelve month high of $38.62. The company has a market cap of $2.02 billion, a price-to-earnings ratio of 11.42 and a beta of 0.79. The company has a debt-to-equity ratio of 1.05, a quick ratio of 1.04 and a current ratio of 1.04. The business's fifty day moving average price is $28.77 and its 200 day moving average price is $32.26.
WaFd Increases Dividend
The business 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. The ex-dividend date was Friday, February 21st. This represents a $1.08 dividend on an annualized basis and a yield of 4.36%. This is a positive change from WaFd's previous quarterly dividend of $0.26. WaFd's dividend payout ratio is currently 49.77%.
Analysts Set New Price Targets
Several research analysts recently issued reports on the stock. Keefe, Bruyette & Woods dropped their price target on shares of WaFd from $42.00 to $34.00 and set a "market perform" rating for the company in a research report on Tuesday, January 21st. DA Davidson lowered 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 note on Thursday, February 6th. Stephens reiterated an "equal weight" rating and set a $38.00 price objective on shares of WaFd in a research note on Friday, January 17th. Piper Sandler cut their price objective on WaFd from $37.00 to $31.00 and set a "neutral" rating for the company in a report on Tuesday, January 21st. Finally, StockNews.com lowered shares of WaFd from a "hold" rating to a "sell" rating in a report on Friday. One analyst has rated the stock with a sell rating and four have assigned a hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $33.75.
Check Out Our Latest Report on WaFd
WaFd 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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