WaFd (NASDAQ:WAFD) Given New $32.00 Price Target at Piper Sandler

WaFd (NASDAQ:WAFD) had its price target cut by stock analysts at Piper Sandler from $36.00 to $32.00 in a report issued on Thursday, Benzinga reports. The firm currently has a “neutral” rating on the bank’s stock. Piper Sandler’s price target points to a potential upside of 8.20% from the company’s current price.

WAFD has been the subject of several other reports. Zacks Research cut WaFd from a “strong-buy” rating to a “hold” rating in a report on Monday, June 22nd. Weiss Ratings cut WaFd from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday, September 3rd. Finally, DA Davidson cut their price target on WaFd from $40.00 to $37.00 and set a “neutral” rating for the company in a research note on Wednesday, September 9th. One research analyst has rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $35.25.

WaFd Price Performance

WAFD stock opened at $29.57 on Thursday. The firm has a 50 day moving average of $35.25 and a 200-day moving average of $35.15. WaFd has a 12-month low of $26.31 and a 12-month high of $39.49. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 1.20. The company has a market cap of $2.19 billion, a price-to-earnings ratio of 9.33 and a beta of 0.83.

WaFd (NASDAQ:WAFD) last announced its quarterly earnings results on Friday, July 17th. The bank reported $0.81 EPS for the quarter, missing the consensus estimate of $0.82 by ($0.01). The firm had revenue of $205.52 million for the quarter, compared to analysts’ expectations of $199.56 million. WaFd had a return on equity of 8.98% and a net margin of 18.47%. As a group, equities analysts expect that WaFd will post 3.22 EPS for the current fiscal year.

Institutional Trading of WaFd

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Integrated Wealth Concepts LLC acquired a new stake in shares of WaFd during the second quarter worth $26,000. Squarepoint Ops LLC acquired a new position in WaFd in the second quarter valued at $308,000. Nykredit A S purchased a new position in WaFd during the second quarter worth about $52,000. Corient Private Wealth LP boosted its stake in WaFd by 26.3% in the 2nd quarter. Corient Private Wealth LP now owns 68,899 shares of the bank’s stock worth $2,644,000 after buying an additional 14,326 shares during the last quarter. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in WaFd in the 2nd quarter worth about $376,000. 83.71% of the stock is owned by hedge funds and other institutional investors.

WaFd Company Profile

WaFd, Inc is a bank holding company headquartered in Seattle, Washington, and the parent company of WaFd Bank. Founded in 1917 as Washington Federal, the company adopted the WaFd name in 2024. WaFd Bank provides banking and financial services to individuals, families, businesses and nonprofit organizations.

The bank offers deposit accounts, residential mortgage lending, home equity financing, commercial real estate loans, commercial and industrial lending, construction financing and consumer banking products.