Free Trial

State Street Corp Boosts Stake in WaFd, Inc (NASDAQ:WAFD)

WaFd logo with Finance background

State Street Corp grew its stake in WaFd, Inc (NASDAQ:WAFD - Free Report) by 5.2% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,969,790 shares of the bank's stock after purchasing an additional 195,845 shares during the period. State Street Corp owned about 4.89% of WaFd worth $138,347,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in WAFD. Assenagon Asset Management S.A. bought a new position in shares of WaFd during the 3rd quarter worth about $18,583,000. American Century Companies Inc. raised its stake in shares of WaFd by 31.6% in the second quarter. American Century Companies Inc. now owns 1,274,665 shares of the bank's stock worth $36,430,000 after acquiring an additional 305,942 shares during the last quarter. Systematic Financial Management LP lifted its holdings in WaFd by 21.5% during the 3rd quarter. Systematic Financial Management LP now owns 1,432,523 shares of the bank's stock worth $49,923,000 after buying an additional 253,044 shares in the last quarter. Victory Capital Management Inc. boosted its stake in shares of WaFd by 113.4% in the 2nd quarter. Victory Capital Management Inc. now owns 272,721 shares of the bank's stock valued at $7,794,000 after purchasing an additional 144,920 shares during the last quarter. Finally, Principal Financial Group Inc. grew its holdings in WaFd by 28.6% during the 3rd quarter. Principal Financial Group Inc. now owns 428,504 shares of the bank's stock worth $14,933,000 after acquiring an additional 95,251 shares during the period. Institutional investors and hedge funds own 83.71% of the company's stock.

WaFd Stock Performance

Shares of WaFd stock traded down $0.01 during trading hours on Friday, hitting $35.35. 289,335 shares of the company's stock traded hands, compared to its average volume of 328,929. The stock has a market capitalization of $2.88 billion, a price-to-earnings ratio of 14.25 and a beta of 0.84. The company has a fifty day simple moving average of $35.75 and a 200-day simple moving average of $33.51. The company has a debt-to-equity ratio of 1.21, a current ratio of 1.08 and a quick ratio of 1.08. WaFd, Inc has a 12-month low of $25.78 and a 12-month high of $38.62.

WaFd (NASDAQ:WAFD - Get Free Report) last issued its earnings results 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 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 quarter last year, the company earned $0.72 EPS. Equities research analysts anticipate that WaFd, Inc will post 2.82 EPS for the current fiscal year.

WaFd Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, December 6th. Stockholders of record on Friday, November 22nd were paid a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 2.94%. The ex-dividend date was Friday, November 22nd. WaFd's dividend payout ratio (DPR) is presently 41.94%.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on WAFD. Keefe, Bruyette & Woods restated a "market perform" rating and issued a $40.00 price target on shares of WaFd in a report on Monday, October 21st. Piper Sandler cut their price objective on WaFd from $36.00 to $35.00 and set a "neutral" rating for the company in a report on Monday, October 21st. StockNews.com upgraded WaFd from a "sell" rating to a "hold" rating in a research note on Tuesday, November 12th. Finally, DA Davidson upped 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. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $38.00.

View Our Latest Analysis on WAFD

Insider Activity at WaFd

In other news, EVP Ryan Mauer sold 12,132 shares of the firm's stock in a transaction that occurred 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 $3,345,532.08. This trade represents a 10.78 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 2.25% of the stock is currently owned by company insiders.

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.

Read More

Institutional Ownership by Quarter for WaFd (NASDAQ:WAFD)

Should you invest $1,000 in WaFd right now?

Before you consider WaFd, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and WaFd wasn't on the list.

While WaFd currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

Metaverse Stocks And Why You Can't Ignore Them Cover

Thinking about investing in Meta, Roblox, or Unity? Click the link to learn what streetwise investors need to know about the metaverse and public markets before making an investment.

Get This Free Report
Like this article? Share it with a colleague.

Featured Articles and Offers

Recent Videos

The Future of Healthcare: 3 AI Stocks Leading the Way
Analysts Predict Big Gains for These 3 Cybersecurity Leaders
This Investment Strategy Has the Highest Payout Potential

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines