WaFd (NASDAQ:WAFD) Releases Quarterly Earnings Results, Beats Estimates By $0.01 EPS

WaFd (NASDAQ:WAFD) announced its earnings results on Thursday. The bank reported $0.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.84 by $0.01, reports. The business had revenue of $220.44 million for the quarter, compared to analysts’ expectations of $203.66 million. WaFd had a return on equity of 8.98% and a net margin of 18.47%.

WaFd Trading Up 1.9%

Shares of WAFD opened at $29.45 on Friday. 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 has a twelve month low of $26.31 and a twelve month high of $39.49. The company has a market cap of $2.18 billion, a P/E ratio of 9.29 and a beta of 0.89. The company’s fifty day simple moving average is $33.66 and its 200-day simple moving average is $35.04.

WaFd Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, September 4th. Stockholders of record on Friday, August 21st were paid a $0.27 dividend. The ex-dividend date of this dividend was Friday, August 21st. This represents a $1.08 annualized dividend and a dividend yield of 3.7%. WaFd’s dividend payout ratio is currently 34.07%.

Analyst Upgrades and Downgrades

WAFD has been the subject of a number of recent analyst reports. Zacks Research upgraded shares of WaFd from a “hold” rating to a “strong-buy” rating in a research report on Monday, October 5th. Piper Sandler lowered their target price on shares of WaFd from $36.00 to $32.00 and set a “neutral” rating on the stock in a research note on Thursday, October 1st. DA Davidson lowered their target price on shares of WaFd from $40.00 to $37.00 and set a “neutral” rating on the stock in a research note on Wednesday, September 9th. Finally, Weiss Ratings lowered WaFd from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, September 3rd. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $35.25.

About WaFd

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.