Equities Analysts Set Expectations for WaFd Q3 Earnings

WaFd, Inc. (NASDAQ:WAFD) – Equities researchers at Zacks Research increased their Q3 2027 EPS estimates for shares of WaFd in a research report issued on Thursday, August 6th. Zacks Research analyst Team now expects that the bank will post earnings of $0.84 per share for the quarter, up from their previous forecast of $0.83. Zacks Research currently has a “Hold” rating on the stock. The consensus estimate for WaFd’s current full-year earnings is $3.21 per share.

WAFD has been the topic of several other research reports. Keefe, Bruyette & Woods lifted their price objective on WaFd from $35.00 to $38.00 and gave the company a “market perform” rating in a report on Monday, April 20th. Piper Sandler increased their target price on WaFd from $30.50 to $36.00 and gave the stock a “neutral” rating in a research note on Monday, April 20th. Weiss Ratings upgraded shares of WaFd from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday, May 22nd. Finally, DA Davidson lifted their price target on shares of WaFd from $38.00 to $40.00 and gave the company a “neutral” rating in a research note on Monday, July 20th. One equities research analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $37.00.

WaFd Stock Up 0.5%

NASDAQ:WAFD opened at $37.33 on Monday. WaFd has a 1 year low of $26.31 and a 1 year high of $39.49. The stock has a 50-day moving average price of $37.16 and a two-hundred day moving average price of $34.55. The stock has a market cap of $2.76 billion, a price-to-earnings ratio of 11.78 and a beta of 0.84. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 1.20.

WaFd (NASDAQ:WAFD) last released its quarterly earnings data on Friday, July 17th. The bank reported $0.81 EPS for the quarter, missing analysts’ consensus estimates of $0.82 by ($0.01). The firm had revenue of $205.52 million during the quarter, compared to the consensus estimate of $199.56 million. WaFd had a net margin of 18.47% and a return on equity of 8.98%.

Institutional Trading of WaFd

A number of institutional investors have recently modified their holdings of WAFD. Oregon Public Employees Retirement Fund grew its stake in WaFd by 1.7% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 18,056 shares of the bank’s stock valued at $578,000 after purchasing an additional 300 shares in the last quarter. ProShare Advisors LLC raised its stake in shares of WaFd by 2.0% during the 4th quarter. ProShare Advisors LLC now owns 15,162 shares of the bank’s stock worth $486,000 after purchasing an additional 304 shares in the last quarter. Baron Wealth Management LLC boosted its holdings in shares of WaFd by 3.8% in the 1st quarter. Baron Wealth Management LLC now owns 8,720 shares of the bank’s stock valued at $274,000 after buying an additional 323 shares during the last quarter. Sanctuary Advisors LLC boosted its holdings in shares of WaFd by 3.8% in the 4th quarter. Sanctuary Advisors LLC now owns 9,539 shares of the bank’s stock valued at $306,000 after buying an additional 350 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. grew its stake in shares of WaFd by 42.8% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,174 shares of the bank’s stock valued at $34,000 after buying an additional 352 shares in the last quarter. 83.71% of the stock is currently owned by institutional investors.

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.