Jupiter Topco LLC purchased a new position in shares of WaFd, Inc. (NASDAQ:WAFD – Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 34,255 shares of the bank’s stock, valued at approximately $1,315,000.
A number of other hedge funds have also recently made changes to their positions in the business. Oregon Public Employees Retirement Fund boosted its stake in shares of WaFd by 1.7% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 18,056 shares of the bank’s stock valued at $578,000 after purchasing an additional 300 shares in the last quarter. ProShare Advisors LLC raised its position in WaFd by 2.0% in the 4th quarter. ProShare Advisors LLC now owns 15,162 shares of the bank’s stock worth $486,000 after purchasing an additional 304 shares during the period. Baron Wealth Management LLC lifted its stake in WaFd by 3.8% in the first quarter. Baron Wealth Management LLC now owns 8,720 shares of the bank’s stock worth $274,000 after purchasing an additional 323 shares during the last quarter. Sanctuary Advisors LLC lifted its stake in WaFd by 3.8% in the fourth quarter. Sanctuary Advisors LLC now owns 9,539 shares of the bank’s stock worth $306,000 after purchasing an additional 350 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. boosted its position in WaFd by 42.8% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,174 shares of the bank’s stock valued at $34,000 after buying an additional 352 shares during the period. 83.71% of the stock is currently owned by institutional investors.
WaFd Price Performance
WAFD stock opened at $36.30 on Friday. WaFd, Inc. has a one year low of $26.31 and a one year high of $39.49. The company’s fifty day moving average price is $37.23 and its 200-day moving average price is $35.06. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.98 and a current ratio of 0.98. The company has a market capitalization of $2.69 billion, a PE ratio of 11.45 and a beta of 0.83.
WaFd Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Friday, September 4th. Investors of record on Friday, August 21st were issued a $0.27 dividend. The ex-dividend date of this dividend was Friday, August 21st. This represents a $1.08 dividend on an annualized basis and a dividend yield of 3.0%. WaFd’s dividend payout ratio (DPR) is 34.07%.
Wall Street Analysts Forecast Growth
A number of research analysts have recently issued reports on WAFD shares. Zacks Research cut WaFd from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 22nd. DA Davidson boosted their target price on WaFd from $38.00 to $40.00 and gave the company a “neutral” rating in a research note on Monday, July 20th. Finally, Weiss Ratings cut WaFd from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday. One research analyst has rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $37.00.
Check Out Our Latest Stock Analysis on WAFD
WaFd Profile
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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