Wall Street Zen cut shares of WaFd (NASDAQ:WAFD – Free Report) from a hold rating to a sell rating in a research note published on Saturday.
A number of other analysts also recently weighed in on WAFD. DA Davidson lifted their price target on WaFd from $29.00 to $33.00 and gave the company a “neutral” rating in a research note on Monday, July 21st. Piper Sandler boosted their target price on shares of WaFd from $30.00 to $31.00 and gave the stock a “neutral” rating in a research report on Monday, July 21st. Weiss Ratings reiterated a “hold (c)” rating on shares of WaFd in a report on Wednesday, October 8th. Keefe, Bruyette & Woods raised their price objective on shares of WaFd from $30.00 to $32.00 and gave the company a “market perform” rating in a research note on Monday, July 21st. Finally, Stephens upped their target price on shares of WaFd from $32.00 to $33.00 and gave the stock an “equal weight” rating in a research report on Monday, July 21st. Five investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, WaFd presently has an average rating of “Hold” and an average target price of $32.00.
Get Our Latest Research Report on WAFD
WaFd Trading Up 3.7%
WaFd (NASDAQ:WAFD – Get Free Report) last announced its quarterly earnings data on Thursday, October 16th. The bank reported $0.72 earnings per share for the quarter, missing analysts’ consensus estimates of $0.75 by ($0.03). WaFd had a net margin of 16.02% and a return on equity of 8.40%. The business had revenue of $190.55 million during the quarter, compared to analysts’ expectations of $191.04 million. As a group, equities research analysts anticipate that WaFd will post 2.56 earnings per share for the current year.
WaFd Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 5th. Investors of record on Friday, August 22nd were paid a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 3.7%. The ex-dividend date of this dividend was Friday, August 22nd. WaFd’s dividend payout ratio is presently 40.91%.
Insider Transactions at WaFd
In other WaFd news, Director Sean Singleton sold 1,004 shares of the company’s stock in a transaction dated Wednesday, September 17th. The shares were sold at an average price of $31.71, for a total value of $31,836.84. Following the sale, the director owned 9,278 shares of the company’s stock, valued at $294,205.38. This represents a 9.76% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.46% of the company’s stock.
Institutional Investors Weigh In On WaFd
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Brooklyn Investment Group purchased a new position in WaFd during the first quarter worth $28,000. Northwestern Mutual Wealth Management Co. lifted its position 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 acquiring an additional 352 shares in the last quarter. McIlrath & Eck LLC boosted its stake in shares of WaFd by 57.6% during the second quarter. McIlrath & Eck LLC now owns 1,327 shares of the bank’s stock valued at $39,000 after acquiring an additional 485 shares during the last quarter. Blue Trust Inc. increased its position in WaFd by 36.0% during the 3rd quarter. Blue Trust Inc. now owns 1,837 shares of the bank’s stock worth $56,000 after purchasing an additional 486 shares in the last quarter. Finally, EverSource Wealth Advisors LLC raised its stake in WaFd by 712.4% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,901 shares of the bank’s stock valued at $56,000 after purchasing an additional 1,667 shares during the last quarter. Hedge funds and other institutional investors own 83.71% of the company’s stock.
About WaFd
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.
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