FY2027 Earnings Estimate for WaFd Issued By Zacks Research

Key Points

• Zacks Research raised WaFd’s FY2027 earnings-per-share estimate to $3.36 from $3.35, above the current full-year consensus estimate of $3.22, while maintaining a “Strong Buy” rating.
• Analyst sentiment remains positive but mixed: WaFd has an overall “Moderate Buy” rating and an average price target of $35.25, though several analysts recently lowered their targets and kept neutral ratings.
• WaFd reported quarterly EPS of $0.81, slightly below expectations, but exceeded revenue estimates with $205.52 million. The bank also pays a quarterly dividend of $0.27 per share, representing a 3.6% annualized yield.

WaFd, Inc. (NASDAQ:WAFD - Free Report) - Equities researchers at Zacks Research raised their FY2027 earnings estimates for shares of WaFd in a report issued on Tuesday, October 6th. Zacks Research analyst Team now forecasts that the bank will post earnings per share of $3.36 for the year, up from their previous forecast of $3.35. Zacks Research has a "Strong-Buy" rating on the stock. The consensus estimate for WaFd's current full-year earnings is $3.22 per share.

A number of other equities analysts have also issued reports on the company. Weiss Ratings lowered WaFd from a "buy (b)" rating to a "buy (b-)" rating in a report on Thursday, September 3rd. DA Davidson cut their target price on WaFd from $40.00 to $37.00 and set a "neutral" rating on the stock in a research note on Wednesday, September 9th. Finally, Piper Sandler reduced their price target on WaFd from $36.00 to $32.00 and set a "neutral" rating for the company in a research report on Thursday, October 1st. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, WaFd presently has an average rating of "Moderate Buy" and an average target price of $35.25.

WaFd Stock Performance

WAFD opened at $29.92 on Wednesday. The business's 50 day moving average is $34.74 and its 200-day moving average is $35.13. The stock has a market cap of $2.21 billion, a PE ratio of 9.44 and a beta of 0.89. 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.

WaFd (NASDAQ:WAFD - Get Free Report) last posted its earnings results on Friday, July 17th. The bank reported $0.81 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.82 by ($0.01). WaFd had a net margin of 18.47% and a return on equity of 8.98%. The firm had revenue of $205.52 million for the quarter, compared to analyst estimates of $199.56 million.

Hedge Funds Weigh In On WaFd

Hedge funds have recently modified their holdings of the company. Bank of America Corp DE bought a new position in shares of WaFd during the 2nd quarter valued at about $34,655,000. Louisiana State Employees Retirement System bought a new stake in shares of WaFd in the 1st quarter worth approximately $1,055,000. Jupiter Topco LLC bought a new stake in shares of WaFd in the 2nd quarter worth approximately $1,315,000. The Manufacturers Life Insurance Company bought a new stake in shares of WaFd in the 2nd quarter worth approximately $1,417,000. Finally, BlackRock Inc. acquired a new stake in WaFd during the second quarter valued at approximately $413,410,000. 83.71% of the stock is currently owned by institutional investors and hedge funds.

WaFd Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, September 4th. Shareholders of record on Friday, August 21st were paid a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 3.6%. The ex-dividend date of this dividend was Friday, August 21st. WaFd's dividend payout ratio (DPR) is presently 34.07%.

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.

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