Wells Fargo & Company MN cut its position in WaFd, Inc (NASDAQ:WAFD - Free Report) by 8.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,809,128 shares of the bank's stock after selling 170,961 shares during the quarter. Wells Fargo & Company MN owned about 2.22% of WaFd worth $58,326,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds also recently made changes to their positions in WAFD. Headlands Technologies LLC bought a new position in WaFd during the fourth quarter worth about $454,000. Pictet Asset Management Holding SA lifted its holdings in WaFd by 24.2% during the 4th quarter. Pictet Asset Management Holding SA now owns 11,249 shares of the bank's stock worth $363,000 after purchasing an additional 2,195 shares in the last quarter. Norges Bank purchased a new position in WaFd during the 4th quarter valued at about $6,539,000. JPMorgan Chase & Co. lifted its holdings in shares of WaFd by 152.9% in the fourth quarter. JPMorgan Chase & Co. now owns 469,704 shares of the bank's stock worth $15,143,000 after buying an additional 283,953 shares in the last quarter. Finally, EntryPoint Capital LLC purchased a new position in WaFd during the fourth quarter valued at approximately $403,000. Institutional investors own 83.71% of the company's stock.
Analysts Set New Price Targets
A number of research analysts have recently commented on the stock. Keefe, Bruyette & Woods reduced 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. StockNews.com upgraded WaFd from a "sell" rating to a "hold" rating in a research report on Saturday. Piper Sandler dropped their target price on shares of WaFd from $37.00 to $31.00 and set a "neutral" rating for the company in a research report on Tuesday, January 21st. Stephens reissued an "equal weight" rating and issued a $29.00 price target on shares of WaFd in a report on Monday. Finally, DA Davidson downgraded shares of WaFd from a "buy" rating to a "neutral" rating and dropped their price objective for the stock from $35.00 to $32.00 in a report on Thursday, February 6th. Five equities research analysts have rated the stock with a hold rating, According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $31.50.
Read Our Latest Stock Report on WaFd
WaFd Trading Up 6.0 %
NASDAQ WAFD traded up $1.48 during trading on Monday, hitting $26.02. 145,036 shares of the company's stock traded hands, compared to its average volume of 513,548. WaFd, Inc has a 12-month low of $23.75 and a 12-month high of $38.62. The company has a debt-to-equity ratio of 1.05, a current ratio of 1.04 and a quick ratio of 1.04. The stock has a fifty day moving average of $28.42 and a two-hundred day moving average of $32.01. The firm has a market cap of $2.12 billion, a P/E ratio of 11.99 and a beta of 0.79.
WaFd (NASDAQ:WAFD - Get Free Report) last announced its quarterly earnings data on Friday, April 11th. The bank reported $0.65 earnings per share for the quarter, beating the consensus estimate of $0.60 by $0.05. WaFd had a return on equity of 8.78% and a net margin of 12.66%. The firm had revenue of $179.79 million during the quarter, compared to the consensus estimate of $184.17 million. As a group, sell-side analysts expect that WaFd, Inc will post 2.56 EPS for the current year.
WaFd Increases Dividend
The firm also recently declared a quarterly dividend, which was paid on Friday, March 7th. Shareholders of record on Friday, February 21st were given a dividend of $0.27 per share. 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 4.15%. WaFd's dividend payout ratio is presently 49.77%.
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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