William Blair Investment Management LLC cut its position in shares of WaFd, Inc. (NASDAQ:WAFD – Free Report) by 9.4% during the 4th quarter, Holdings Channel reports. The firm owned 996,880 shares of the bank’s stock after selling 103,432 shares during the quarter. William Blair Investment Management LLC’s holdings in WaFd were worth $31,930,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors also recently modified their holdings of the company. Public Sector Pension Investment Board increased its stake in shares of WaFd by 12.5% during the 3rd quarter. Public Sector Pension Investment Board now owns 307,366 shares of the bank’s stock worth $9,310,000 after purchasing an additional 34,073 shares during the last quarter. Tudor Investment Corp ET AL bought a new stake in shares of WaFd during the 3rd quarter worth about $1,387,000. Y Intercept Hong Kong Ltd boosted its holdings in shares of WaFd by 546.8% during the 3rd quarter. Y Intercept Hong Kong Ltd now owns 61,036 shares of the bank’s stock worth $1,849,000 after buying an additional 51,600 shares during the period. American Century Companies Inc. boosted its holdings in shares of WaFd by 2.0% during the 3rd quarter. American Century Companies Inc. now owns 2,077,059 shares of the bank’s stock worth $62,914,000 after buying an additional 40,569 shares during the period. Finally, State of New Jersey Common Pension Fund D bought a new stake in shares of WaFd during the 3rd quarter worth about $2,117,000. 83.71% of the stock is currently owned by institutional investors and hedge funds.
Insider Buying and Selling at WaFd
In other news, EVP Kim E. Robison sold 22,000 shares of the company’s stock in a transaction that occurred on Friday, April 24th. The shares were sold at an average price of $35.28, for a total transaction of $776,160.00. Following the completion of the sale, the executive vice president owned 116,099 shares of the company’s stock, valued at approximately $4,095,972.72. This represents a 15.93% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 1.49% of the company’s stock.
WaFd Stock Performance
WaFd (NASDAQ:WAFD – Get Free Report) last posted its quarterly earnings data on Friday, April 17th. The bank reported $0.83 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.74 by $0.09. The firm had revenue of $197.66 million during the quarter, compared to the consensus estimate of $190.51 million. WaFd had a net margin of 18.25% and a return on equity of 8.94%. During the same quarter in the previous year, the firm posted $0.17 EPS. Analysts anticipate that WaFd, Inc. will post 3.27 earnings per share for the current year.
WaFd Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Friday, June 5th. Stockholders of record on Friday, May 22nd will be issued a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date of this dividend is Friday, May 22nd. WaFd’s dividend payout ratio is 35.29%.
Wall Street Analyst Weigh In
WAFD has been the subject of several research analyst reports. Wall Street Zen raised shares of WaFd from a “sell” rating to a “hold” rating in a report on Sunday, February 8th. Piper Sandler lifted their target price on shares of WaFd from $30.50 to $36.00 and gave the stock a “neutral” rating in a report on Monday, April 20th. Weiss Ratings raised shares of WaFd from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday. Zacks Research raised shares of WaFd from a “hold” rating to a “strong-buy” rating in a report on Monday, April 27th. Finally, Keefe, Bruyette & Woods boosted their price objective on shares of WaFd from $35.00 to $38.00 and gave the company a “market perform” rating in a report on Monday, April 20th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $34.80.
Read Our Latest Stock Report on WaFd
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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