Shares of WaFd, Inc. (NASDAQ:WAFD – Get Free Report) have earned a consensus rating of “Moderate Buy” from the six brokerages that are covering the stock, MarketBeat Ratings reports. Four research analysts have rated the stock with a hold recommendation, one has issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $34.80.
A number of equities analysts have recently issued reports on WAFD shares. Keefe, Bruyette & Woods upped their price target on WaFd from $35.00 to $38.00 and gave the stock a “market perform” rating in a research report on Monday, April 20th. Zacks Research raised WaFd from a “hold” rating to a “strong-buy” rating in a research report on Monday, April 27th. Weiss Ratings raised WaFd from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, May 22nd. Finally, Piper Sandler upped their price target on WaFd from $30.50 to $36.00 and gave the stock a “neutral” rating in a research report on Monday, April 20th.
Check Out Our Latest Analysis on WAFD
Insider Activity
Hedge Funds Weigh In On WaFd
Several hedge funds have recently made changes to their positions in WAFD. Royal Bank of Canada increased its position in shares of WaFd by 14.5% in the 1st quarter. Royal Bank of Canada now owns 22,011 shares of the bank’s stock valued at $629,000 after acquiring an additional 2,783 shares during the period. AQR Capital Management LLC boosted its holdings in WaFd by 271.2% in the first quarter. AQR Capital Management LLC now owns 30,794 shares of the bank’s stock valued at $867,000 after purchasing an additional 22,499 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in WaFd by 26.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 48,094 shares of the bank’s stock valued at $1,375,000 after purchasing an additional 10,092 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in WaFd by 9.2% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 246,467 shares of the bank’s stock valued at $7,044,000 after purchasing an additional 20,865 shares during the last quarter. Finally, Jane Street Group LLC boosted its holdings in WaFd by 862.6% in the first quarter. Jane Street Group LLC now owns 69,306 shares of the bank’s stock valued at $1,981,000 after purchasing an additional 62,106 shares during the last quarter. 83.71% of the stock is owned by institutional investors and hedge funds.
WaFd Stock Performance
Shares of WAFD stock opened at $36.11 on Wednesday. The business’s fifty day simple moving average is $34.44 and its 200-day simple moving average is $33.06. The company has a market cap of $2.67 billion, a PE ratio of 11.80 and a beta of 0.84. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 1.14. WaFd has a 12-month low of $26.31 and a 12-month high of $38.59.
WaFd (NASDAQ:WAFD – Get Free Report) last issued its quarterly earnings results on Friday, April 17th. The bank reported $0.83 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.74 by $0.09. The business had revenue of $197.66 million for the quarter, compared to the consensus estimate of $190.51 million. WaFd had a return on equity of 8.94% and a net margin of 18.25%.During the same period in the prior year, the firm posted $0.17 earnings per share. Analysts expect that WaFd will post 3.27 earnings per share for the current fiscal year.
WaFd Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Friday, June 5th. Stockholders of record on Friday, May 22nd were given a dividend of $0.27 per share. The ex-dividend date of this dividend was Friday, May 22nd. This represents a $1.08 dividend on an annualized basis and a dividend yield of 3.0%. WaFd’s dividend payout ratio is presently 35.29%.
About WaFd
Washington Federal, Inc, doing business as WaFd Bank, is a publicly traded bank holding company headquartered in Seattle, Washington. Through its subsidiary, WaFd Bank, the company provides a range of banking and financial services to individuals, small-to-medium enterprises, and commercial clients. Established in 1917 as Ballard Savings & Loan in Seattle, the institution expanded over decades to serve customers across the Western United States under the Washington Federal name and has operated as a public company since the early 1980s.
WaFd Bank’s core offerings encompass deposit accounts such as checking, savings, money market, and certificates of deposit, alongside consumer and commercial lending products.
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