Shares of WaFd, Inc. (NASDAQ:WAFD – Get Free Report) have been given an average recommendation of “Moderate Buy” by the six analysts that are covering the firm, MarketBeat reports. Four research analysts have rated the stock with a hold recommendation, one has given a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $34.80.
A number of brokerages recently commented on WAFD. Keefe, Bruyette & Woods upped their target price on WaFd from $35.00 to $38.00 and gave the company a “market perform” rating in a research note on Monday, April 20th. Wall Street Zen upgraded WaFd from a “sell” rating to a “hold” rating in a research note on Sunday, February 8th. Piper Sandler upped their target price on WaFd from $30.50 to $36.00 and gave the company a “neutral” rating in a research note on Monday, April 20th. Weiss Ratings upgraded WaFd from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, April 17th. Finally, Zacks Research upgraded WaFd from a “hold” rating to a “strong-buy” rating in a research report on Monday, April 27th.
Read Our Latest Analysis on WaFd
Insiders Place Their Bets
Institutional Trading of WaFd
A number of large investors have recently bought and sold shares of the stock. Dimensional Fund Advisors LP grew its position in WaFd by 0.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 4,980,089 shares of the bank’s stock valued at $159,514,000 after acquiring an additional 26,000 shares during the period. American Century Companies Inc. grew its position in WaFd by 2.0% in the third quarter. American Century Companies Inc. now owns 2,077,059 shares of the bank’s stock valued at $62,914,000 after acquiring an additional 40,569 shares during the period. Systematic Financial Management LP grew its position in WaFd by 0.5% in the fourth quarter. Systematic Financial Management LP now owns 1,557,436 shares of the bank’s stock valued at $49,885,000 after acquiring an additional 8,039 shares during the period. Ameriprise Financial Inc. grew its position in WaFd by 11.8% in the third quarter. Ameriprise Financial Inc. now owns 1,375,110 shares of the bank’s stock valued at $41,652,000 after acquiring an additional 145,646 shares during the period. Finally, William Blair Investment Management LLC grew its position in WaFd by 14.3% in the third quarter. William Blair Investment Management LLC now owns 1,100,312 shares of the bank’s stock valued at $33,328,000 after acquiring an additional 137,525 shares during the period. 83.71% of the stock is currently owned by institutional investors.
WaFd Stock Performance
Shares of NASDAQ WAFD opened at $34.32 on Friday. The business has a fifty day simple moving average of $32.98 and a 200 day simple moving average of $32.41. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 1.14. The firm has a market capitalization of $2.54 billion, a price-to-earnings ratio of 11.22 and a beta of 0.85. WaFd has a one year low of $26.31 and a one year high of $38.59.
WaFd (NASDAQ:WAFD – Get Free Report) last issued its earnings results on Friday, April 17th. The bank reported $0.83 EPS for the quarter, beating analysts’ consensus estimates of $0.74 by $0.09. The business had revenue of $197.66 million during the quarter, compared to analyst estimates 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 company posted $0.17 earnings per share. Sell-side analysts expect that WaFd will post 3.27 EPS for the current year.
WaFd Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Friday, June 5th. Shareholders of record on Friday, May 22nd will be given a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date is Friday, May 22nd. WaFd’s dividend payout ratio is 35.29%.
WaFd Company 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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