WaFd, Inc. $WAFD Shares Sold by SG Americas Securities LLC

SG Americas Securities LLC lowered its holdings in WaFd, Inc. (NASDAQ:WAFD) by 49.9% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 18,713 shares of the bank’s stock after selling 18,666 shares during the quarter. SG Americas Securities LLC’s holdings in WaFd were worth $548,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Brooklyn Investment Group purchased a new stake in WaFd during the first quarter worth approximately $28,000. Caitong International Asset Management Co. Ltd lifted its position in shares of WaFd by 232.4% during the 1st quarter. Caitong International Asset Management Co. Ltd now owns 1,978 shares of the bank’s stock worth $57,000 after buying an additional 1,383 shares during the last quarter. GAMMA Investing LLC boosted its holdings in shares of WaFd by 83.0% in the 2nd quarter. GAMMA Investing LLC now owns 2,597 shares of the bank’s stock valued at $76,000 after buying an additional 1,178 shares in the last quarter. Sprucegrove Investment Management Ltd. acquired a new position in shares of WaFd in the 2nd quarter valued at $102,000. Finally, Marshall & Sullivan Inc. WA purchased a new position in shares of WaFd in the 2nd quarter valued at $113,000. Hedge funds and other institutional investors own 83.71% of the company’s stock.

WaFd Price Performance

Shares of WAFD opened at $32.27 on Thursday. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.98 and a current ratio of 0.96. WaFd, Inc. has a fifty-two week low of $23.75 and a fifty-two week high of $37.77. The firm has a 50-day simple moving average of $30.09 and a 200-day simple moving average of $29.99. The company has a market capitalization of $2.48 billion, a price-to-earnings ratio of 12.22 and a beta of 0.89.

WaFd (NASDAQ:WAFD) last posted its quarterly earnings data on Tuesday, October 28th. The bank reported $0.72 EPS for the quarter. WaFd had a return on equity of 8.40% and a net margin of 16.02%.The firm had revenue of $169.23 million during the quarter. On average, equities research analysts anticipate that WaFd, Inc. will post 2.56 earnings per share for the current year.

WaFd Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, December 5th. Investors of record on Friday, November 21st will be issued a dividend of $0.27 per share. The ex-dividend date of this dividend is Friday, November 21st. This represents a $1.08 annualized dividend and a dividend yield of 3.3%. WaFd’s dividend payout ratio (DPR) is currently 40.91%.

Analysts Set New Price Targets

Several equities analysts have issued reports on the stock. Keefe, Bruyette & Woods decreased their price objective on shares of WaFd from $32.00 to $31.00 and set a “market perform” rating for the company in a research note on Monday, October 20th. Wall Street Zen cut WaFd from a “hold” rating to a “sell” rating in a research report on Saturday, October 18th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of WaFd in a research note on Wednesday, October 8th. Five research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $32.00.

Insiders Place Their Bets

In other news, CEO Brent J. Beardall acquired 3,000 shares of the company’s stock in a transaction on Wednesday, November 26th. The shares were bought at an average cost of $16.55 per share, with a total value of $49,650.00. Following the purchase, the chief executive officer owned 3,000 shares of the company’s stock, valued at $49,650. This represents a ∞ increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Sean Singleton sold 1,004 shares of the company’s stock in a transaction on Wednesday, September 17th. The stock was sold at an average price of $31.71, for a total transaction of $31,836.84. Following the transaction, the director owned 9,278 shares of the company’s stock, valued at approximately $294,205.38. The trade was a 9.76% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 1.46% 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.