8,000 Shares in WaFd, Inc (NASDAQ:WAFD) Acquired by Crestline Management LP

Crestline Management LP purchased a new stake in shares of WaFd, Inc (NASDAQ:WAFD) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 8,000 shares of the bank’s stock, valued at approximately $258,000.

Other hedge funds have also modified their holdings of the company. CIBC Asset Management Inc boosted its holdings in WaFd by 4.8% in the 4th quarter. CIBC Asset Management Inc now owns 7,424 shares of the bank’s stock worth $239,000 after buying an additional 338 shares during the period. Cooper Financial Group raised its stake in WaFd by 3.2% during the 4th quarter. Cooper Financial Group now owns 11,134 shares of the bank’s stock valued at $359,000 after purchasing an additional 345 shares during the period. Harbour Investments Inc. lifted its holdings in WaFd by 29.6% in the 4th quarter. Harbour Investments Inc. now owns 1,752 shares of the bank’s stock worth $56,000 after purchasing an additional 400 shares in the last quarter. CANADA LIFE ASSURANCE Co grew its holdings in WaFd by 0.4% during the 4th quarter. CANADA LIFE ASSURANCE Co now owns 98,124 shares of the bank’s stock valued at $3,162,000 after buying an additional 433 shares in the last quarter. Finally, Summit Investment Advisors Inc. raised its position in shares of WaFd by 6.9% during the fourth quarter. Summit Investment Advisors Inc. now owns 6,987 shares of the bank’s stock valued at $225,000 after buying an additional 450 shares during the last quarter. 83.71% of the stock is currently owned by institutional investors.

WaFd Trading Down 0.4%

WAFD stock opened at $28.93 on Monday. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 1.05. WaFd, Inc has a twelve month low of $23.75 and a twelve month high of $38.62. The stock has a market capitalization of $2.32 billion, a price-to-earnings ratio of 13.33 and a beta of 0.85. The firm’s fifty day simple moving average is $27.82 and its two-hundred day simple moving average is $31.10.

WaFd (NASDAQ:WAFD) last posted its quarterly earnings data 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. WaFd had a net margin of 12.66% and a return on equity of 8.78%. The business had revenue of $179.79 million for the quarter, compared to analysts’ expectations of $184.17 million. As a group, analysts anticipate that WaFd, Inc will post 2.56 earnings per share for the current year.

WaFd Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 7th. Shareholders of record on Friday, February 21st were given a dividend of $0.27 per share. This is a boost from WaFd’s previous quarterly dividend of $0.26. The ex-dividend date of this dividend was Friday, February 21st. This represents a $1.08 dividend on an annualized basis and a yield of 3.73%. WaFd’s payout ratio is 40.75%.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on WAFD shares. Stephens reaffirmed an “equal weight” rating and set a $29.00 target price on shares of WaFd in a research note on Monday, April 14th. Piper Sandler decreased 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. Keefe, Bruyette & Woods cut their price target on WaFd from $32.00 to $30.00 and set a “market perform” rating for the company in a report on Wednesday, April 16th. DA Davidson cut WaFd from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $35.00 to $32.00 in a report on Thursday, February 6th. Finally, StockNews.com upgraded shares of WaFd from a “sell” rating to a “hold” rating in a research report on Saturday, April 12th. Five equities research analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $30.50.

WaFd 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.