WaFd (NASDAQ:WAFD) Price Target Lowered to $30.00 at Keefe, Bruyette & Woods

WaFd (NASDAQ:WAFD - Free Report) had its price objective lowered by Keefe, Bruyette & Woods from $32.00 to $30.00 in a research report report published on Wednesday,Benzinga reports. Keefe, Bruyette & Woods currently has a market perform rating on the bank's stock.

Other analysts have also issued research reports about the stock. DA Davidson lowered shares of WaFd from a "buy" rating to a "neutral" rating and lowered their price target for the company from $35.00 to $32.00 in a report on Thursday, February 6th. Piper Sandler cut their price target on WaFd from $37.00 to $31.00 and set a "neutral" rating on the stock in a research note on Tuesday, January 21st. StockNews.com upgraded shares of WaFd from a "sell" rating to a "hold" rating in a research report on Saturday, April 12th. Finally, Stephens restated an "equal weight" rating and issued a $29.00 price objective on shares of WaFd in a report on Monday, April 14th. Five research analysts have rated the stock with a hold rating, According to data from MarketBeat, WaFd currently has a consensus rating of "Hold" and an average price target of $30.50.

WaFd Price Performance

Shares of NASDAQ WAFD traded up $0.51 during mid-day trading on Wednesday, hitting $28.03. 752,169 shares of the stock were exchanged, compared to its average volume of 522,727. WaFd has a twelve month low of $23.75 and a twelve month high of $38.62. The stock's fifty day simple moving average is $28.13 and its two-hundred day simple moving average is $31.81. 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 company has a market cap of $2.29 billion, a P/E ratio of 12.92 and a beta of 0.79.

WaFd (NASDAQ:WAFD - Get Free Report) last released its quarterly earnings results on Friday, April 11th. The bank reported $0.65 earnings per share for the quarter, beating analysts' consensus estimates of $0.60 by $0.05. The firm had revenue of $179.79 million during the quarter, compared to analysts' expectations of $184.17 million. WaFd had a return on equity of 8.78% and a net margin of 12.66%. As a group, analysts forecast that WaFd will post 2.56 EPS for the current fiscal year.

WaFd Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 7th. Investors of record on Friday, February 21st were issued a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 3.85%. This is a positive change from WaFd's previous quarterly dividend of $0.26. The ex-dividend date of this dividend was Friday, February 21st. WaFd's dividend payout ratio (DPR) is presently 40.75%.

Institutional Trading of WaFd

Several hedge funds and other institutional investors have recently modified their holdings of the company. Hennessy Advisors Inc. raised its position in WaFd by 10.5% in the 1st quarter. Hennessy Advisors Inc. now owns 105,000 shares of the bank's stock valued at $3,001,000 after buying an additional 10,000 shares during the last quarter. SG Americas Securities LLC boosted its holdings in WaFd by 270.4% during the first quarter. SG Americas Securities LLC now owns 37,379 shares of the bank's stock worth $1,068,000 after purchasing an additional 27,288 shares during the last quarter. Vest Financial LLC bought a new position in WaFd in the first quarter valued at $708,000. Talbot Financial LLC increased its stake in WaFd by 4.4% in the 1st quarter. Talbot Financial LLC now owns 77,586 shares of the bank's stock valued at $2,217,000 after buying an additional 3,288 shares during the last quarter. Finally, Rhumbline Advisers lifted its position in WaFd by 2.6% during the 1st quarter. Rhumbline Advisers now owns 236,909 shares of the bank's stock worth $6,771,000 after buying an additional 6,068 shares in the last quarter. Institutional investors and hedge funds own 83.71% of the company's stock.

WaFd Company Profile

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.