William Blair Investment Management LLC lifted its position in shares of WaFd, Inc (NASDAQ:WAFD - Free Report) by 2.5% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 929,760 shares of the bank's stock after purchasing an additional 22,716 shares during the quarter. William Blair Investment Management LLC owned about 1.14% of WaFd worth $29,975,000 as of its most recent filing with the SEC.
A number of other institutional investors have also modified their holdings of the company. CIBC Asset Management Inc lifted its position in WaFd by 4.8% during the 4th quarter. CIBC Asset Management Inc now owns 7,424 shares of the bank's stock worth $239,000 after acquiring an additional 338 shares in the last quarter. Cooper Financial Group lifted its position in WaFd by 3.2% during the 4th quarter. Cooper Financial Group now owns 11,134 shares of the bank's stock worth $359,000 after acquiring an additional 345 shares in the last quarter. Harbour Investments Inc. lifted its position in WaFd by 29.6% during the 4th quarter. Harbour Investments Inc. now owns 1,752 shares of the bank's stock worth $56,000 after acquiring an additional 400 shares in the last quarter. D.A. Davidson & CO. lifted its position in WaFd by 1.1% during the 3rd quarter. D.A. Davidson & CO. now owns 41,400 shares of the bank's stock worth $1,443,000 after acquiring an additional 437 shares in the last quarter. Finally, McIlrath & Eck LLC lifted its position in WaFd by 112.7% during the 3rd quarter. McIlrath & Eck LLC now owns 1,323 shares of the bank's stock worth $46,000 after acquiring an additional 701 shares in the last quarter. Hedge funds and other institutional investors own 83.71% of the company's stock.
Analyst Ratings Changes
A number of equities analysts have issued reports on the company. StockNews.com raised WaFd from a "sell" rating to a "hold" rating in a research report on Thursday, March 6th. DA Davidson lowered WaFd from a "buy" rating to a "neutral" rating and cut their target price for the company from $35.00 to $32.00 in a research report on Thursday, February 6th. Piper Sandler cut their target price on WaFd from $37.00 to $31.00 and set a "neutral" rating on the stock in a research report on Tuesday, January 21st. Stephens reaffirmed an "equal weight" rating and issued a $38.00 target price on shares of WaFd in a research report on Friday, January 17th. Finally, Keefe, Bruyette & Woods cut their target price on WaFd from $42.00 to $34.00 and set a "market perform" rating on the stock in a research report on Tuesday, January 21st. Five equities research analysts have rated the stock with a hold rating, According to data from MarketBeat, WaFd has a consensus rating of "Hold" and an average target price of $33.75.
View Our Latest Report on WAFD
WaFd Stock Performance
Shares of WAFD stock traded down $0.59 on Friday, hitting $27.66. 4,972,934 shares of the stock traded hands, compared to its average volume of 470,275. The company has a debt-to-equity ratio of 1.05, a current ratio of 1.04 and a quick ratio of 1.04. The company has a market capitalization of $2.26 billion, a PE ratio of 12.75 and a beta of 0.83. WaFd, Inc has a 1-year low of $25.79 and a 1-year high of $38.62. The company's fifty day moving average is $29.52 and its 200 day moving average is $33.05.
WaFd Increases Dividend
The company also recently declared a quarterly dividend, which was paid on Friday, March 7th. Investors of record on Friday, February 21st were given a dividend of $0.27 per share. This is a positive change from WaFd's previous quarterly dividend of $0.26. This represents a $1.08 annualized dividend and a dividend yield of 3.90%. The ex-dividend date was Friday, February 21st. WaFd's dividend payout ratio is currently 49.77%.
WaFd 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.
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