85,120 WaFd, Inc. $WAFD Shares Acquired by ProShare Advisors LLC

Key Points

• ProShare Advisors increased its WaFd stake by 44.1% in the third quarter, adding 85,120 shares to hold 278,026 shares valued at about $8.3 million. Institutional investors collectively own 83.71% of the company.
• WaFd reported quarterly EPS of $0.85, slightly above the $0.84 analyst estimate, and revenue of $220.44 million, exceeding the $203.66 million consensus.
• Analysts’ consensus rating was Hold, with a consensus price target of $32.50. WaFd also paid a quarterly dividend of $0.27 per share, equivalent to a 3.6% annualized yield at the share price cited in the article.

ProShare Advisors LLC grew its stake in WaFd, Inc. (NASDAQ:WAFD - Free Report) by 44.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 278,026 shares of the bank's stock after purchasing an additional 85,120 shares during the quarter. ProShare Advisors LLC owned approximately 0.38% of WaFd worth $8,321,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of WAFD. HB Wealth Management LLC raised its position in shares of WaFd by 3.5% during the 2nd quarter. HB Wealth Management LLC now owns 10,514 shares of the bank's stock worth $403,000 after purchasing an additional 356 shares during the last quarter. Nisa Investment Advisors LLC lifted its stake in WaFd by 10.0% in the 3rd quarter. Nisa Investment Advisors LLC now owns 4,585 shares of the bank's stock valued at $137,000 after buying an additional 418 shares in the last quarter. Integrated Wealth Concepts LLC acquired a new stake in WaFd in the 2nd quarter worth about $26,000. Assetmark Inc. boosted its holdings in WaFd by 3,620.0% in the 1st quarter. Assetmark Inc. now owns 930 shares of the bank's stock worth $29,000 after buying an additional 905 shares during the last quarter. Finally, Amundi boosted its holdings in WaFd by 9.4% in the 1st quarter. Amundi now owns 12,668 shares of the bank's stock worth $398,000 after buying an additional 1,093 shares during the last quarter. Hedge funds and other institutional investors own 83.71% of the company's stock.

WaFd Stock Performance

WAFD opened at $30.13 on Thursday. WaFd, Inc. has a twelve month low of $28.10 and a twelve month high of $39.49. The firm has a market capitalization of $2.23 billion, a PE ratio of 9.19 and a beta of 0.90. The company has a current ratio of 0.94, a quick ratio of 0.92 and a debt-to-equity ratio of 0.92. The firm's 50-day moving average price is $31.47 and its 200 day moving average price is $33.89.

WaFd (NASDAQ:WAFD - Get Free Report) last released its quarterly earnings data on Thursday, October 15th. The bank reported $0.85 EPS for the quarter, beating analysts' consensus estimates of $0.84 by $0.01. WaFd had a net margin of 18.04% and a return on equity of 9.37%. The company had revenue of $220.44 million during the quarter, compared to the consensus estimate of $203.66 million. As a group, sell-side analysts expect that WaFd, Inc. will post 3.34 EPS for the current fiscal year.

WaFd Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 4th. Stockholders of record on Friday, August 21st were given a $0.27 dividend. The ex-dividend date was Friday, August 21st. This represents a $1.08 dividend on an annualized basis and a dividend yield of 3.6%. WaFd's dividend payout ratio is 33.64%.

Analyst Ratings Changes

A number of brokerages have commented on WAFD. Keefe, Bruyette & Woods reduced their target price on WaFd from $40.00 to $34.00 and set a "market perform" rating for the company in a report on Monday, October 19th. Weiss Ratings lowered WaFd from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Monday, October 19th. DA Davidson set a $31.00 price target on WaFd in a research report on Monday, October 19th. Zacks Research raised WaFd from a "hold" rating to a "strong-buy" rating in a research note on Monday, October 5th. Finally, Piper Sandler decreased their price objective on WaFd from $32.00 to $31.00 and set a "neutral" rating on the stock in a report on Monday, October 19th. One analyst has rated the stock with a Strong Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, WaFd currently has a consensus rating of "Hold" and a consensus price target of $32.50.

WaFd Profile

WaFd, Inc NASDAQ: WAFD is the parent company of WaFd Bank, a regional financial institution that provides banking and lending services to individuals, families, businesses and real estate investors. The bank offers deposit accounts, checking and savings products, residential mortgages, home equity loans, commercial real estate financing, business loans and construction lending.

WaFd Bank also provides treasury management and cash-management services for businesses, along with personal and commercial banking solutions through its branch network and digital banking platforms.

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