Basswood Capital Management L.L.C. bought 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 firm bought 285,672 shares of the bank's stock, valued at approximately $9,210,000. Basswood Capital Management L.L.C. owned 0.35% of WaFd at the end of the most recent reporting period.
Other institutional investors have also made changes to their positions in the company. Aster Capital Management DIFC Ltd increased its holdings in WaFd by 983.5% in the 4th quarter. Aster Capital Management DIFC Ltd now owns 1,116 shares of the bank's stock valued at $36,000 after purchasing an additional 1,013 shares during the last quarter. Harbour Investments Inc. lifted its stake in WaFd by 29.6% during the 4th quarter. Harbour Investments Inc. now owns 1,752 shares of the bank's stock worth $56,000 after acquiring an additional 400 shares in the last quarter. Blue Trust Inc. boosted its holdings in WaFd by 68.4% during the 4th quarter. Blue Trust Inc. now owns 2,000 shares of the bank's stock valued at $70,000 after acquiring an additional 812 shares during the period. US Bancorp DE grew its position in WaFd by 136.7% in the 4th quarter. US Bancorp DE now owns 3,638 shares of the bank's stock valued at $117,000 after acquiring an additional 2,101 shares in the last quarter. Finally, KBC Group NV increased its stake in WaFd by 34.5% during the fourth quarter. KBC Group NV now owns 3,762 shares of the bank's stock worth $121,000 after purchasing an additional 965 shares during the period. 83.71% of the stock is currently owned by institutional investors and hedge funds.
WaFd Stock Performance
WAFD traded up $0.23 on Wednesday, hitting $28.62. 464,874 shares of the company traded hands, compared to its average volume of 527,374. The company has a 50 day moving average of $27.84 and a 200-day moving average of $31.23. WaFd, Inc has a 12-month low of $23.75 and a 12-month high of $38.62. The stock has a market capitalization of $2.33 billion, a PE ratio of 13.19 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 issued its quarterly earnings results on Friday, April 11th. The bank reported $0.65 earnings per share for the quarter, topping the consensus estimate of $0.60 by $0.05. The firm had revenue of $179.79 million during the quarter, compared to the consensus estimate of $184.17 million. WaFd had a return on equity of 8.78% and a net margin of 12.66%. Sell-side analysts anticipate that WaFd, Inc will post 2.56 earnings per share for the current year.
WaFd Increases Dividend
The company also recently declared a quarterly dividend, which was paid on Friday, March 7th. Stockholders of record on Friday, February 21st were paid a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 3.77%. This is a positive change from WaFd's previous quarterly dividend of $0.26. The ex-dividend date of this dividend was Friday, February 21st. WaFd's payout ratio is 40.75%.
Analysts Set New Price Targets
WAFD has been the subject of several research reports. StockNews.com upgraded shares of WaFd from a "sell" rating to a "hold" rating in a research note on Saturday, April 12th. Stephens reaffirmed an "equal weight" rating and issued a $29.00 price target on shares of WaFd in a research report on Monday, April 14th. Keefe, Bruyette & Woods lowered their price objective on WaFd from $32.00 to $30.00 and set a "market perform" rating for the company in a research report on Wednesday, April 16th. DA Davidson cut shares of WaFd from a "buy" rating to a "neutral" rating and reduced their target price for the company from $35.00 to $32.00 in a report on Thursday, February 6th. Finally, Piper Sandler lowered their price target on shares of WaFd from $37.00 to $31.00 and set a "neutral" rating for the company in a report on Tuesday, January 21st. Five equities research analysts have rated the stock with a hold rating, According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $30.50.
Read Our Latest Report on WaFd
About WaFd
(
Free Report)
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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