AlphaCore Capital LLC Has $541,000 Stake in WaFd, Inc (NASDAQ:WAFD)

AlphaCore Capital LLC reduced its stake in WaFd, Inc (NASDAQ:WAFD - Free Report) by 50.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 16,765 shares of the bank's stock after selling 16,765 shares during the period. AlphaCore Capital LLC's holdings in WaFd were worth $541,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. CIBC Asset Management Inc grew its stake in shares of WaFd by 4.8% in the fourth quarter. CIBC Asset Management Inc now owns 7,424 shares of the bank's stock valued at $239,000 after acquiring an additional 338 shares in the last quarter. Harbour Investments Inc. grew its stake in WaFd by 29.6% during the fourth quarter. Harbour Investments Inc. now owns 1,752 shares of the bank's stock worth $56,000 after buying an additional 400 shares in the last quarter. CANADA LIFE ASSURANCE Co grew its stake in WaFd by 0.4% during the fourth quarter. CANADA LIFE ASSURANCE Co now owns 98,124 shares of the bank's stock worth $3,162,000 after buying an additional 433 shares in the last quarter. Summit Investment Advisors Inc. grew its stake in WaFd by 6.9% during the fourth quarter. Summit Investment Advisors Inc. now owns 6,987 shares of the bank's stock worth $225,000 after buying an additional 450 shares in the last quarter. Finally, Principal Securities Inc. grew its stake in WaFd by 10.3% during the fourth quarter. Principal Securities Inc. now owns 7,633 shares of the bank's stock worth $246,000 after buying an additional 712 shares in the last quarter. 83.71% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have issued reports on WAFD shares. DA Davidson downgraded shares of WaFd from a "buy" rating to a "neutral" rating and reduced their price objective for the stock from $35.00 to $32.00 in a research note on Thursday, February 6th. Stephens reiterated an "equal weight" rating and set a $29.00 price objective on shares of WaFd in a research note on Monday, April 14th. Keefe, Bruyette & Woods reduced their price objective on shares of WaFd from $32.00 to $30.00 and set a "market perform" rating on the stock in a research note on Wednesday, April 16th. Finally, Wall Street Zen raised shares of WaFd from a "sell" rating to a "hold" rating in a report on Saturday, April 12th. Five equities research analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, WaFd has a consensus rating of "Hold" and an average price target of $30.50.

WaFd Price Performance

Shares of WAFD stock traded down $0.04 on Thursday, reaching $28.43. The company had a trading volume of 144,116 shares, compared to its average volume of 535,726. The stock has a market capitalization of $2.28 billion, a PE ratio of 13.09 and a beta of 0.85. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 1.05. WaFd, Inc has a one year low of $23.75 and a one year high of $38.62. The business's 50-day moving average is $28.08 and its 200 day moving average is $30.65.

WaFd (NASDAQ:WAFD - Get Free Report) last issued its quarterly earnings data on Friday, April 11th. The bank reported $0.65 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.60 by $0.05. The business had revenue of $179.79 million during the quarter, compared to analyst estimates of $184.17 million. WaFd had a net margin of 12.66% and a return on equity of 8.78%. Equities research analysts forecast that WaFd, Inc will post 2.56 EPS for the current fiscal year.

WaFd Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 6th. Investors of record on Friday, May 23rd will be issued a $0.27 dividend. The ex-dividend date is Friday, May 23rd. This represents a $1.08 dividend on an annualized basis and a yield of 3.80%. WaFd's dividend payout ratio (DPR) is presently 40.75%.

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.