WaFd, Inc (NASDAQ:WAFD - Get Free Report) declared a quarterly dividend on Tuesday, February 11th,Wall Street Journal reports. Stockholders of record on Friday, February 21st will be paid a dividend of 0.27 per share by the bank on Friday, March 7th. This represents a $1.08 annualized dividend and a dividend yield of 3.63%. The ex-dividend date of this dividend is Friday, February 21st. This is a positive change from WaFd's previous quarterly dividend of $0.26.
WaFd has increased its dividend payment by an average of 4.2% annually over the last three years. WaFd has a payout ratio of 34.4% meaning its dividend is sufficiently covered by earnings. Analysts expect WaFd to earn $3.00 per share next year, which means the company should continue to be able to cover its $1.04 annual dividend with an expected future payout ratio of 34.7%.
WaFd Price Performance
WAFD stock traded down $0.18 during trading hours on Friday, hitting $29.77. 314,711 shares of the stock traded hands, compared to its average volume of 569,967. The stock has a 50-day simple moving average of $31.67 and a 200 day simple moving average of $34.04. The company has a market cap of $2.43 billion, a P/E ratio of 13.72 and a beta of 0.85. WaFd has a one year low of $25.78 and a one year high of $38.62. The company has a current ratio of 1.04, a quick ratio of 1.08 and a debt-to-equity ratio of 1.05.
Analyst Upgrades and Downgrades
A number of analysts recently weighed in on WAFD shares. Stephens restated an "equal weight" rating and set a $38.00 target price on shares of WaFd in a report on Friday, January 17th. DA Davidson downgraded WaFd from a "buy" rating to a "neutral" rating and cut their price objective for the company from $35.00 to $32.00 in a research report on Thursday, February 6th. Keefe, Bruyette & Woods decreased their target price on WaFd from $42.00 to $34.00 and set a "market perform" rating on the stock in a report on Tuesday, January 21st. Piper Sandler reduced their target price 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 raised WaFd from a "sell" rating to a "hold" rating in a research note on Tuesday, November 12th. Five equities research analysts have rated the stock with a hold rating, According to MarketBeat.com, WaFd presently has a consensus rating of "Hold" and a consensus price target of $33.75.
Read Our Latest Analysis on WaFd
About WaFd
(
Get 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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