WaFd (NASDAQ:WAFD) Stock Rating Reaffirmed by Stephens

WaFd (NASDAQ:WAFD)‘s stock had its “equal weight” rating restated by equities research analysts at Stephens in a note issued to investors on Tuesday, Benzinga reports. They currently have a $32.00 price target on the bank’s stock. Stephens’ price target indicates a potential upside of 12.72% from the company’s previous close.

WAFD has been the topic of a number of other reports. DA Davidson reiterated a “buy” rating and set a $35.00 target price on shares of WaFd in a research report on Thursday, April 11th. StockNews.com lowered WaFd from a “hold” rating to a “sell” rating in a research note on Thursday, March 21st. Finally, Keefe, Bruyette & Woods reduced their target price on WaFd from $37.00 to $35.00 and set an “outperform” rating on the stock in a report on Thursday, January 18th.

WaFd Stock Down 0.7 %

WaFd stock opened at $28.39 on Tuesday. The company has a debt-to-equity ratio of 1.80, a current ratio of 1.15 and a quick ratio of 1.15. WaFd has a 1-year low of $23.36 and a 1-year high of $34.07. The company has a market cap of $1.84 billion, a PE ratio of 10.79 and a beta of 0.85. The stock’s 50 day moving average price is $27.78 and its 200 day moving average price is $28.32.

Institutional Trading of WaFd

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Headlands Technologies LLC bought a new position in shares of WaFd in the third quarter worth about $35,000. EMC Capital Management boosted its holdings in WaFd by 90.2% during the third quarter. EMC Capital Management now owns 4,184 shares of the bank’s stock valued at $107,000 after purchasing an additional 1,984 shares in the last quarter. DekaBank Deutsche Girozentrale acquired a new position in shares of WaFd in the 4th quarter worth approximately $201,000. Diversified Trust Co acquired a new position in WaFd during the 4th quarter worth $221,000. Finally, Covestor Ltd lifted its holdings in WaFd by 22.6% during the 3rd quarter. Covestor Ltd now owns 7,489 shares of the bank’s stock worth $192,000 after buying an additional 1,383 shares in the last quarter. Institutional investors and hedge funds own 83.71% of the company’s stock.

WaFd Company Profile

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.