Dean Capital Management Reduces Stock Position in WaFd, Inc (NASDAQ:WAFD)

Dean Capital Management cut its stake in WaFd, Inc (NASDAQ:WAFD - Free Report) by 43.7% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 25,456 shares of the bank's stock after selling 19,753 shares during the quarter. Dean Capital Management's holdings in WaFd were worth $821,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the stock. Rhino Investment Partners Inc increased its position in WaFd by 344.3% during the fourth 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 last quarter. Basswood Capital Management L.L.C. purchased a new stake in WaFd during the fourth quarter valued at $9,210,000. JPMorgan Chase & Co. increased its holdings in WaFd by 152.9% during the fourth quarter. JPMorgan Chase & Co. now owns 469,704 shares of the bank's stock valued at $15,143,000 after buying an additional 283,953 shares during the last quarter. American Century Companies Inc. increased its holdings in WaFd by 15.3% during the fourth 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 during the last quarter. Finally, Norges Bank purchased a new stake in WaFd during the fourth quarter valued at approximately $6,539,000. 83.71% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have commented on WAFD. 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. Piper Sandler reduced their price target on WaFd from $37.00 to $31.00 and set a "neutral" rating for the company in a research report on Tuesday, January 21st. StockNews.com upgraded WaFd from a "sell" rating to a "hold" rating in a research report on Saturday, April 12th. Keefe, Bruyette & Woods reduced their price objective on shares of WaFd from $32.00 to $30.00 and set a "market perform" rating for the company in a research note on Wednesday, April 16th. Finally, Stephens reissued an "equal weight" rating and issued a $29.00 price objective on shares of WaFd in a research note on Monday, April 14th. Five research analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $30.50.

WaFd Price Performance

Shares of NASDAQ:WAFD traded down $0.16 during trading on Tuesday, hitting $29.75. 131,079 shares of the company's stock were exchanged, compared to its average volume of 529,945. The company has a debt-to-equity ratio of 1.05, a current ratio of 1.04 and a quick ratio of 1.04. WaFd, Inc has a 52-week low of $23.75 and a 52-week high of $38.62. The business's 50-day simple moving average is $27.84 and its 200 day simple moving average is $31.07. The company has a market cap of $2.38 billion, a price-to-earnings ratio of 13.71 and a beta of 0.85.

WaFd (NASDAQ:WAFD - Get Free Report) last issued its earnings results on Friday, April 11th. The bank reported $0.65 earnings per share (EPS) for the quarter, topping the consensus estimate 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 for the quarter, compared to analysts' expectations of $184.17 million. As a group, equities analysts predict that WaFd, Inc will post 2.56 EPS for the current year.

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.