13,888 Shares in WaFd, Inc (NASDAQ:WAFD) Acquired by Algert Global LLC

Algert Global LLC acquired a new position in shares of WaFd, Inc (NASDAQ:WAFD - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 13,888 shares of the bank's stock, valued at approximately $448,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Vanguard Group Inc. raised its stake in WaFd by 1.8% during the fourth quarter. Vanguard Group Inc. now owns 9,420,004 shares of the bank's stock worth $303,701,000 after acquiring an additional 166,931 shares in the last quarter. Fuller & Thaler Asset Management Inc. raised its stake in WaFd by 1.2% during the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 3,696,480 shares of the bank's stock worth $119,175,000 after acquiring an additional 42,096 shares in the last quarter. American Century Companies Inc. raised its stake in WaFd by 15.3% during the fourth quarter. American Century Companies Inc. now owns 1,774,081 shares of the bank's stock worth $57,196,000 after acquiring an additional 234,977 shares in the last quarter. William Blair Investment Management LLC raised its stake in WaFd by 2.5% during the fourth quarter. William Blair Investment Management LLC now owns 929,760 shares of the bank's stock worth $29,975,000 after acquiring an additional 22,716 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its stake in WaFd by 4.1% during the fourth quarter. Bank of New York Mellon Corp now owns 736,564 shares of the bank's stock worth $23,747,000 after acquiring an additional 28,849 shares in the last quarter. Institutional investors own 83.71% of the company's stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on the company. Piper Sandler lowered their price objective on WaFd from $37.00 to $31.00 and set a "neutral" rating for the company in a research note on Tuesday, January 21st. DA Davidson downgraded shares of WaFd from a "buy" rating to a "neutral" rating and decreased their target price for the company from $35.00 to $32.00 in a research report on Thursday, February 6th. Stephens reissued an "equal weight" rating and set a $29.00 target price on shares of WaFd in a research report on Monday, April 14th. Keefe, Bruyette & Woods decreased their target price on shares of WaFd from $32.00 to $30.00 and set a "market perform" rating for the company in a research report on Wednesday, April 16th. Finally, StockNews.com raised shares of WaFd from a "sell" rating to a "hold" rating in a research report on Saturday, April 12th. Five research analysts have rated the stock with a hold rating, Based on data from MarketBeat, WaFd presently has an average rating of "Hold" and an average price target of $30.50.

WaFd Stock Performance

WAFD traded down $0.05 during trading hours on Friday, hitting $30.00. The stock had a trading volume of 154,056 shares, compared to its average volume of 531,303. The company's fifty day simple moving average is $27.91 and its 200 day simple moving average is $31.02. WaFd, Inc has a 1 year low of $23.75 and a 1 year high of $38.62. The stock has a market cap of $2.40 billion, a PE ratio of 13.82 and a beta of 0.85. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 1.05.

WaFd (NASDAQ:WAFD - Get Free Report) last posted its earnings results on Friday, April 11th. The bank reported $0.65 earnings per share for the quarter, beating analysts' consensus estimates of $0.60 by $0.05. The business had revenue of $179.79 million during the quarter, compared to analyst estimates of $184.17 million. WaFd had a return on equity of 8.78% and a net margin of 12.66%. Equities analysts anticipate that WaFd, Inc will post 2.56 earnings per share for the current year.

WaFd Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 6th. Stockholders of record on Friday, May 23rd will be given a dividend of $0.27 per share. The ex-dividend date is Friday, May 23rd. This represents a $1.08 dividend on an annualized basis and a dividend yield of 3.60%. WaFd's dividend payout ratio (DPR) is presently 40.75%.

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.