Aigen Investment Management LP Purchases Shares of 9,828 WaFd, Inc. $WAFD

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 bought a new stake in WaFd, Inc. (NASDAQ:WAFD - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 9,828 shares of the bank's stock, valued at approximately $281,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in WAFD. TD Private Client Wealth LLC raised its position in shares of WaFd by 35.2% in the 1st quarter. TD Private Client Wealth LLC now owns 2,002 shares of the bank's stock valued at $57,000 after acquiring an additional 521 shares during the period. KBC Group NV raised its holdings in WaFd by 12.7% in the first quarter. KBC Group NV now owns 4,239 shares of the bank's stock worth $121,000 after purchasing an additional 477 shares during the period. Aquatic Capital Management LLC bought a new position in shares of WaFd during the fourth quarter worth $141,000. Summit Investment Advisors Inc. grew its holdings in shares of WaFd by 6.9% in the 4th quarter. Summit Investment Advisors Inc. now owns 6,987 shares of the bank's stock valued at $225,000 after buying an additional 450 shares during the period. Finally, Crestline Management LP bought a new stake in shares of WaFd in the 4th quarter valued at $258,000. Institutional investors own 83.71% of the company's stock.

Wall Street Analysts Forecast Growth

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

WaFd Stock Up 0.2%

NASDAQ:WAFD traded up $0.07 during trading hours on Monday, reaching $30.64. 71,285 shares of the stock were exchanged, compared to its average volume of 560,955. The stock has a market cap of $2.41 billion, a PE ratio of 11.64 and a beta of 0.90. WaFd, Inc. has a twelve month low of $23.75 and a twelve month high of $38.62. The firm has a 50 day moving average of $29.66 and a 200 day moving average of $28.95. The company has a debt-to-equity ratio of 0.71, a current ratio of 0.98 and a quick ratio of 0.98.

WaFd (NASDAQ:WAFD - Get Free Report) last announced its quarterly earnings data on Thursday, July 17th. The bank reported $0.73 EPS 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 for the quarter, compared to analyst estimates of $184.47 million. On average, equities analysts expect that WaFd, Inc. will post 2.56 earnings per share for the current year.

WaFd Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 5th. Investors of record on Friday, August 22nd will be issued a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a yield of 3.5%. The ex-dividend date is Friday, August 22nd. WaFd's dividend payout ratio is presently 41.06%.

About WaFd

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.