WaFd, Inc. (WAFD) To Go Ex-Dividend on August 21st

WaFd, Inc. (NASDAQ:WAFD) announced a quarterly dividend on Tuesday, August 11th. Stockholders of record on Friday, August 21st will be paid a dividend of 0.27 per share by the bank on Friday, September 4th. This represents a c) dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date of this dividend is Friday, August 21st.

WaFd has raised its dividend by an average of 0.0%annually over the last three years and has increased its dividend annually for the last 2 consecutive years. WaFd has a payout ratio of 35.8% meaning its dividend is sufficiently covered by earnings. Research analysts expect WaFd to earn $3.38 per share next year, which means the company should continue to be able to cover its $1.08 annual dividend with an expected future payout ratio of 32.0%.

WaFd Stock Down 0.8%

NASDAQ:WAFD opened at $37.46 on Wednesday. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.98 and a quick ratio of 0.98. The firm’s 50-day moving average price is $37.44 and its 200-day moving average price is $34.79. The company has a market capitalization of $2.77 billion, a PE ratio of 11.82 and a beta of 0.84. WaFd has a 1-year low of $26.31 and a 1-year high of $39.49.

WaFd (NASDAQ:WAFD) last issued its quarterly earnings results on Friday, July 17th. The bank reported $0.81 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.82 by ($0.01). WaFd had a net margin of 18.47% and a return on equity of 8.98%. The business had revenue of $205.52 million for the quarter, compared to analysts’ expectations of $199.56 million. On average, equities analysts predict that WaFd will post 3.21 EPS for the current fiscal year.

Institutional Trading of WaFd

Institutional investors and hedge funds have recently bought and sold shares of the company. Oregon Public Employees Retirement Fund lifted 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 worth $578,000 after acquiring an additional 300 shares during the period. ProShare Advisors LLC increased its position in WaFd by 2.0% during the 4th quarter. ProShare Advisors LLC now owns 15,162 shares of the bank’s stock valued at $486,000 after purchasing an additional 304 shares during the period. Baron Wealth Management LLC raised 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 purchasing an additional 323 shares in the last quarter. Sanctuary Advisors LLC raised 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 purchasing an additional 350 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. lifted its position in shares of WaFd by 42.8% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,174 shares of the bank’s stock worth $34,000 after purchasing an additional 352 shares during the period. 83.71% of the stock is currently owned by institutional investors.

About WaFd

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.