WaFd, Inc (NASDAQ:WAFD) Shares Bought by Bridgeway Capital Management LLC

Bridgeway Capital Management LLC boosted its position in shares of WaFd, Inc (NASDAQ:WAFD - Free Report) by 2.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 448,216 shares of the bank's stock after purchasing an additional 10,729 shares during the period. Bridgeway Capital Management LLC owned about 0.55% of WaFd worth $14,450,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the company. Rhino Investment Partners Inc boosted its holdings in WaFd by 344.3% during the 4th quarter. Rhino Investment Partners Inc now owns 454,343 shares of the bank's stock valued at $14,648,000 after acquiring an additional 352,076 shares during the period. Basswood Capital Management L.L.C. bought a new position in shares of WaFd in the fourth quarter worth about $9,210,000. JPMorgan Chase & Co. increased its stake in WaFd by 152.9% in the 4th quarter. JPMorgan Chase & Co. now owns 469,704 shares of the bank's stock worth $15,143,000 after buying an additional 283,953 shares during the period. American Century Companies Inc. lifted its holdings in WaFd by 15.3% during the 4th quarter. American Century Companies Inc. now owns 1,774,081 shares of the bank's stock valued at $57,196,000 after buying an additional 234,977 shares in the last quarter. Finally, Norges Bank purchased a new stake in WaFd in the 4th quarter valued at about $6,539,000. Institutional investors own 83.71% of the company's stock.

Analysts Set New Price Targets

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

WaFd Stock Down 0.4 %

WAFD traded down $0.11 on Friday, hitting $28.93. The company had a trading volume of 568,623 shares, compared to its average volume of 530,502. The stock has a market capitalization of $2.32 billion, a price-to-earnings ratio of 13.33 and a beta of 0.85. The stock has a fifty day moving average price of $27.82 and a 200-day moving average price of $31.12. WaFd, Inc has a 12-month low of $23.75 and a 12-month high of $38.62. The company has a debt-to-equity ratio of 1.05, a quick ratio of 1.04 and a current ratio of 1.04.

WaFd (NASDAQ:WAFD - Get Free Report) last released its earnings results on Friday, April 11th. The bank reported $0.65 EPS for the quarter, topping analysts' consensus estimates of $0.60 by $0.05. WaFd had a return on equity of 8.78% and a net margin of 12.66%. The firm had revenue of $179.79 million during the quarter, compared to the consensus estimate of $184.17 million. Analysts predict that WaFd, Inc will post 2.56 EPS for the current fiscal year.

WaFd Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 7th. Shareholders of record on Friday, February 21st were paid a dividend of $0.27 per share. This is a boost from WaFd's previous quarterly dividend of $0.26. The ex-dividend date of this dividend was Friday, February 21st. This represents a $1.08 annualized dividend and a yield of 3.73%. WaFd's dividend payout ratio (DPR) is 40.75%.

WaFd Company Profile

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.