DA Davidson Forecasts WaFd's FY2025 Earnings (NASDAQ:WAFD)

WaFd, Inc (NASDAQ:WAFD - Free Report) - Equities research analysts at DA Davidson lifted their FY2025 earnings estimates for shares of WaFd in a research report issued to clients and investors on Tuesday, April 15th. DA Davidson analyst J. Rulis now anticipates that the bank will post earnings per share of $2.65 for the year, up from their prior forecast of $2.50. DA Davidson has a "Neutral" rating and a $32.00 price objective on the stock. The consensus estimate for WaFd's current full-year earnings is $2.56 per share. DA Davidson also issued estimates for WaFd's FY2026 earnings at $3.05 EPS.

WAFD has been the subject of a number of other research reports. StockNews.com upgraded shares of WaFd from a "sell" rating to a "hold" rating in a report on Saturday, April 12th. Piper Sandler decreased their price objective 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. Keefe, Bruyette & Woods reduced their price objective on WaFd from $32.00 to $30.00 and set a "market perform" rating for the company in a research note on Wednesday, April 16th. Finally, Stephens reiterated an "equal weight" rating and set a $29.00 price objective on shares of WaFd in a research note on Monday, April 14th. Five equities research analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, WaFd currently has a consensus rating of "Hold" and a consensus price target of $30.50.

WaFd Trading Up 1.7 %

Shares of NASDAQ WAFD traded up $0.48 during trading hours on Thursday, hitting $28.42. 160,253 shares of the company traded hands, compared to its average volume of 521,913. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 1.05. WaFd has a 12 month low of $23.75 and a 12 month high of $38.62. The stock has a market capitalization of $2.32 billion, a price-to-earnings ratio of 13.12 and a beta of 0.79. The company's 50 day moving average price is $28.10 and its 200 day moving average price is $31.73.

WaFd (NASDAQ:WAFD - Get Free Report) last posted its earnings results on Friday, April 11th. The bank reported $0.65 EPS for the quarter, beating analysts' consensus estimates 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.

WaFd Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 7th. Stockholders of record on Friday, February 21st were paid a dividend of $0.27 per share. This is an increase from WaFd's previous quarterly dividend of $0.26. The ex-dividend date was Friday, February 21st. This represents a $1.08 annualized dividend and a dividend yield of 3.80%. WaFd's dividend payout ratio is 40.75%.

Hedge Funds Weigh In On WaFd

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