34,332 Shares in WaFd, Inc. $WAFD Acquired by Wedge Capital Management L L P NC

Wedge Capital Management L L P NC acquired a new stake in shares of WaFd, Inc. (NASDAQ:WAFDFree Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 34,332 shares of the bank’s stock, valued at approximately $1,317,000.

A number of other institutional investors have also recently added to or reduced their stakes in WAFD. Louisiana State Employees Retirement System bought a new stake in WaFd in the first quarter worth approximately $1,055,000. Fifth Third Bancorp increased its stake in shares of WaFd by 75,681.1% during the 1st quarter. Fifth Third Bancorp now owns 71,992 shares of the bank’s stock worth $2,261,000 after purchasing an additional 71,897 shares during the last quarter. Bessemer Group Inc. raised its holdings in shares of WaFd by 37.9% during the 1st quarter. Bessemer Group Inc. now owns 191,044 shares of the bank’s stock valued at $5,999,000 after purchasing an additional 52,500 shares in the last quarter. Bridgeway Capital Management LLC raised its holdings in shares of WaFd by 8.8% during the 4th quarter. Bridgeway Capital Management LLC now owns 525,351 shares of the bank’s stock valued at $16,827,000 after purchasing an additional 42,536 shares in the last quarter. Finally, Azora Capital LP acquired a new stake in shares of WaFd in the 4th quarter valued at $2,414,000. 83.71% of the stock is currently owned by institutional investors and hedge funds.

WaFd Stock Down 0.0%

NASDAQ WAFD opened at $37.94 on Friday. WaFd, Inc. has a twelve month low of $26.31 and a twelve month high of $39.49. The stock has a market cap of $2.81 billion, a PE ratio of 11.97 and a beta of 0.84. The firm has a 50-day simple moving average of $37.37 and a 200 day simple moving average of $34.69. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.98 and a current ratio of 0.98.

WaFd (NASDAQ:WAFDGet Free Report) last issued its quarterly earnings results on Friday, July 17th. The bank reported $0.81 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.82 by ($0.01). WaFd had a net margin of 18.47% and a return on equity of 8.98%. The firm had revenue of $205.52 million for the quarter, compared to the consensus estimate of $199.56 million. On average, research analysts forecast that WaFd, Inc. will post 3.21 EPS for the current year.

WaFd Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 4th. Stockholders of record on Friday, August 21st will be issued a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a dividend yield of 2.8%. The ex-dividend date of this dividend is Friday, August 21st. WaFd’s dividend payout ratio (DPR) is presently 34.07%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on WAFD shares. Keefe, Bruyette & Woods upped their price objective on shares of WaFd from $35.00 to $38.00 and gave the stock a “market perform” rating in a report on Monday, April 20th. Piper Sandler raised their target price on WaFd from $30.50 to $36.00 and gave the company a “neutral” rating in a report on Monday, April 20th. DA Davidson boosted their price target on WaFd from $38.00 to $40.00 and gave the stock a “neutral” rating in a research report on Monday, July 20th. Zacks Research downgraded WaFd from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 22nd. Finally, Weiss Ratings raised WaFd from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday, May 22nd. One analyst has rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $37.00.

View Our Latest Stock Analysis on WAFD

WaFd Company Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for WaFd (NASDAQ:WAFD)

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