9,828 Shares in WaFd, Inc. (NASDAQ:WAFD) Purchased by Aigen Investment Management LP

Key Points

• Aigen Investment Management LP has acquired a new stake in WaFd, Inc. worth approximately $281,000, purchasing 9,828 shares.
• Various hedge funds have adjusted their holdings of WaFd, with a total of 83.71% of the stock currently owned by institutional investors and hedge funds.
• WaFd is set to pay a quarterly dividend of $0.27 per share on September 5th, with a yield of 3.5% based on the current payout ratio.

Aigen Investment Management LP purchased a new stake in WaFd, Inc. (NASDAQ:WAFD - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 9,828 shares of the bank's stock, valued at approximately $281,000.

Several other hedge funds have also recently bought and sold shares of WAFD. LPL Financial LLC raised its holdings in WaFd by 16.5% in the fourth quarter. LPL Financial LLC now owns 47,174 shares of the bank's stock valued at $1,521,000 after buying an additional 6,682 shares during the period. Bank of Montreal Can raised its stake in shares of WaFd by 13.7% during the fourth quarter. Bank of Montreal Can now owns 9,908 shares of the bank's stock valued at $319,000 after purchasing an additional 1,192 shares during the period. Invesco Ltd. raised its stake in shares of WaFd by 63.6% during the fourth quarter. Invesco Ltd. now owns 493,501 shares of the bank's stock valued at $15,910,000 after purchasing an additional 191,855 shares during the period. Renaissance Technologies LLC raised its stake in shares of WaFd by 427.2% during the fourth quarter. Renaissance Technologies LLC now owns 73,429 shares of the bank's stock valued at $2,367,000 after purchasing an additional 59,500 shares during the period. Finally, Raymond James Financial Inc. purchased a new stake in shares of WaFd during the fourth quarter valued at approximately $1,766,000. Hedge funds and other institutional investors own 83.71% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on WAFD shares. Stephens lifted their price objective on shares of WaFd from $32.00 to $33.00 and gave the company an "equal weight" rating in a research note on Monday, July 21st. Keefe, Bruyette & Woods lifted their price objective on shares of WaFd from $30.00 to $32.00 and gave the company a "market perform" rating in a research note on Monday, July 21st. DA Davidson lifted their price objective on shares of WaFd from $29.00 to $33.00 and gave the company a "neutral" rating in a research note on Monday, July 21st. Wall Street Zen upgraded shares of WaFd from a "sell" rating to a "hold" rating in a research note on Friday, July 18th. Finally, Piper Sandler lifted their price objective on shares of WaFd from $30.00 to $31.00 and gave the company a "neutral" rating in a research note on Monday, July 21st. Five investment analysts have rated the stock with a hold rating, According to MarketBeat, WaFd has an average rating of "Hold" and a consensus target price of $32.25.

WaFd Stock Down 1.6%

Shares of WAFD stock traded down $0.49 during mid-day trading on Friday, reaching $30.57. 310,639 shares of the company were exchanged, compared to its average volume of 540,165. WaFd, Inc. has a fifty-two week low of $23.75 and a fifty-two week high of $38.62. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.98 and a current ratio of 0.98. The company has a market capitalization of $2.41 billion, a P/E ratio of 11.62 and a beta of 0.90. The business's 50 day simple moving average is $29.66 and its 200 day simple moving average is $28.96.

WaFd (NASDAQ:WAFD - Get Free Report) last released its quarterly earnings results on Thursday, July 17th. The bank reported $0.73 earnings per share for the quarter, topping analysts' consensus estimates of $0.67 by $0.06. WaFd had a net margin of 15.57% and a return on equity of 8.57%. The business had revenue of $186.26 million during the quarter, compared to the consensus estimate of $184.47 million. Research analysts predict that WaFd, Inc. will post 2.56 earnings per share for the current year.

WaFd Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 5th. Shareholders of record on Friday, August 22nd will be issued a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 3.5%. The ex-dividend date of this dividend is Friday, August 22nd. WaFd's payout ratio is currently 41.06%.

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.