Zacks Research Has Pessimistic View of WaFd FY2027 Earnings

WaFd, Inc (NASDAQ:WAFD - Free Report) - Analysts at Zacks Research cut their FY2027 earnings per share estimates for shares of WaFd in a research note issued on Tuesday, November 12th. Zacks Research analyst S. Shah now anticipates that the bank will earn $3.36 per share for the year, down from their previous estimate of $3.56. The consensus estimate for WaFd's current full-year earnings is $2.82 per share.

Other analysts also recently issued reports about the company. StockNews.com upgraded WaFd from a "sell" rating to a "hold" rating in a research note on Tuesday. Keefe, Bruyette & Woods reiterated a "market perform" rating and issued a $40.00 price target on shares of WaFd in a research note on Monday, October 21st. DA Davidson boosted their price objective on shares of WaFd from $39.00 to $41.00 and gave the company a "buy" rating in a report on Monday, October 21st. Stephens boosted their target price on shares of WaFd from $32.00 to $36.00 and gave the company an "equal weight" rating in a research note on Thursday, July 18th. Finally, Piper Sandler dropped their price target on WaFd from $36.00 to $35.00 and set a "neutral" rating on the stock in a research note on Monday, October 21st. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $38.00.

WaFd Stock Down 0.0 %

Shares of NASDAQ:WAFD traded down $0.01 during trading on Friday, reaching $36.96. 307,164 shares of the stock traded hands, compared to its average volume of 448,085. The stock has a market cap of $3.00 billion, a P/E ratio of 14.90 and a beta of 0.83. The company has a debt-to-equity ratio of 1.21, a quick ratio of 1.09 and a current ratio of 1.08. The stock has a 50-day moving average of $35.21 and a two-hundred day moving average of $32.28. WaFd has a 52-week low of $25.78 and a 52-week high of $38.58.

WaFd (NASDAQ:WAFD - Get Free Report) last announced its quarterly earnings results on Thursday, October 17th. The bank reported $0.71 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.70 by $0.01. The company had revenue of $389.98 million for the quarter, compared to analysts' expectations of $190.43 million. WaFd had a net margin of 13.97% and a return on equity of 9.44%. During the same quarter in the previous year, the business posted $0.72 EPS.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of WAFD. Blue Trust Inc. boosted its holdings in shares of WaFd by 80.8% during the 3rd quarter. Blue Trust Inc. now owns 1,188 shares of the bank's stock valued at $41,000 after purchasing an additional 531 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of WaFd by 100.0% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,644 shares of the bank's stock valued at $47,000 after acquiring an additional 822 shares during the last quarter. GAMMA Investing LLC grew its position in WaFd by 515.8% in the third quarter. GAMMA Investing LLC now owns 1,558 shares of the bank's stock worth $54,000 after acquiring an additional 1,305 shares in the last quarter. Covestor Ltd increased its stake in WaFd by 60.1% during the third quarter. Covestor Ltd now owns 1,904 shares of the bank's stock worth $66,000 after acquiring an additional 715 shares during the last quarter. Finally, nVerses Capital LLC purchased a new stake in WaFd during the second quarter valued at approximately $80,000. Institutional investors own 83.71% of the company's stock.

Insider Transactions at WaFd

In other news, EVP Ryan Mauer sold 12,132 shares of the stock in a transaction on Monday, November 4th. The shares were sold at an average price of $33.33, for a total value of $404,359.56. Following the completion of the sale, the executive vice president now directly owns 100,376 shares of the company's stock, valued at $3,345,532.08. This represents a 10.78 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 2.25% of the company's stock.

WaFd Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Friday, November 22nd will be given a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a yield of 2.81%. The ex-dividend date of this dividend is Friday, November 22nd. WaFd's payout ratio is 41.94%.

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.