WaFd, Inc. (WAFD) To Go Ex-Dividend on November 21st

WaFd, Inc. (NASDAQ:WAFD) declared a quarterly dividend on Tuesday, November 11th. Investors of record on Friday, November 21st will be given a dividend of 0.27 per share by the bank on Friday, December 5th. This represents a c) annualized dividend and a yield of 3.5%. The ex-dividend date of this dividend is Friday, November 21st.

WaFd has raised its dividend payment by an average of 0.0%annually over the last three years and has increased its dividend annually for the last 2 consecutive years. WaFd has a payout ratio of 35.8% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect WaFd to earn $2.91 per share next year, which means the company should continue to be able to cover its $1.08 annual dividend with an expected future payout ratio of 37.1%.

WaFd Trading Up 3.2%

Shares of WAFD opened at $30.68 on Wednesday. The firm has a market capitalization of $2.42 billion, a price-to-earnings ratio of 11.62 and a beta of 0.89. The company has a debt-to-equity ratio of 0.64, a current ratio of 0.96 and a quick ratio of 0.98. WaFd has a 1-year low of $23.75 and a 1-year high of $38.62. The company has a 50-day moving average of $30.02 and a 200 day moving average of $29.87.

WaFd (NASDAQ:WAFD) last issued its earnings results on Tuesday, October 28th. The bank reported $0.72 EPS for the quarter. The business had revenue of $169.23 million for the quarter. WaFd had a net margin of 16.02% and a return on equity of 8.40%. On average, research analysts expect that WaFd will post 2.56 EPS for the current year.

Insider Buying and Selling

In other WaFd news, Director Sean Singleton sold 1,004 shares of the stock in a transaction dated Wednesday, September 17th. The shares were sold at an average price of $31.71, for a total transaction of $31,836.84. Following the completion of the sale, the director directly owned 9,278 shares of the company’s stock, valued at approximately $294,205.38. This represents a 9.76% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 1.46% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of WAFD. New York State Common Retirement Fund boosted its stake in WaFd by 21.3% in the first quarter. New York State Common Retirement Fund now owns 25,052 shares of the bank’s stock valued at $716,000 after acquiring an additional 4,400 shares in the last quarter. Victory Capital Management Inc. lifted its holdings in shares of WaFd by 46.9% during the 1st quarter. Victory Capital Management Inc. now owns 273,094 shares of the bank’s stock valued at $7,805,000 after purchasing an additional 87,235 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH boosted its position in shares of WaFd by 4.4% in the 1st quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 70,030 shares of the bank’s stock worth $2,001,000 after purchasing an additional 2,930 shares in the last quarter. Knights of Columbus Asset Advisors LLC grew its stake in WaFd by 2.7% during the 1st quarter. Knights of Columbus Asset Advisors LLC now owns 39,664 shares of the bank’s stock worth $1,134,000 after buying an additional 1,050 shares during the last quarter. Finally, HB Wealth Management LLC acquired a new position in WaFd during the 1st quarter valued at about $319,000. Institutional investors own 83.71% of the company’s stock.

About WaFd

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.