Corient Private Wealth LP bought a new stake in WaFd, Inc. (NASDAQ:WAFD - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm bought 68,899 shares of the bank's stock, valued at approximately $2,644,000. Corient Private Wealth LP owned 0.09% of WaFd as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Royal Bank of Canada boosted its position in shares of WaFd by 14.5% during the 1st quarter. Royal Bank of Canada now owns 22,011 shares of the bank's stock worth $629,000 after acquiring an additional 2,783 shares in the last quarter. AQR Capital Management LLC boosted its holdings in shares of WaFd by 271.2% in the 1st quarter. AQR Capital Management LLC now owns 30,794 shares of the bank's stock valued at $867,000 after purchasing an additional 22,499 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of WaFd by 26.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 48,094 shares of the bank's stock valued at $1,375,000 after purchasing an additional 10,092 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in shares of WaFd by 9.2% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 246,467 shares of the bank's stock valued at $7,044,000 after purchasing an additional 20,865 shares during the last quarter. Finally, Jane Street Group LLC increased its stake in shares of WaFd by 862.6% in the 1st quarter. Jane Street Group LLC now owns 69,306 shares of the bank's stock valued at $1,981,000 after purchasing an additional 62,106 shares during the last quarter. 83.71% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
Several analysts recently weighed in on the company. DA Davidson raised their price objective on WaFd from $38.00 to $40.00 and gave the company a "neutral" rating in a research note on Monday, July 20th. Weiss Ratings reaffirmed a "buy (b)" rating on shares of WaFd in a report on Wednesday, August 19th. Finally, Zacks Research cut shares of WaFd from a "strong-buy" rating to a "hold" rating in a research report on Monday, June 22nd. One analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $37.00.
Check Out Our Latest Report on WaFd
WaFd Price Performance
Shares of WAFD opened at $35.38 on Wednesday. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 1.20. The stock has a market cap of $2.62 billion, a PE ratio of 11.16 and a beta of 0.83. WaFd, Inc. has a 12-month low of $26.31 and a 12-month high of $39.49. The business has a 50-day simple moving average of $37.34 and a two-hundred day simple moving average of $35.00.
WaFd (NASDAQ:WAFD - Get Free Report) last announced its quarterly earnings results on Friday, July 17th. The bank reported $0.81 EPS for the quarter, missing analysts' consensus estimates of $0.82 by ($0.01). The firm had revenue of $205.52 million for the quarter, compared to analyst estimates of $199.56 million. WaFd had a net margin of 18.47% and a return on equity of 8.98%. Analysts anticipate that WaFd, Inc. will post 3.23 earnings per share for the current fiscal year.
WaFd Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 4th. Investors of record on Friday, August 21st will be given a dividend of $0.27 per share. The ex-dividend date is Friday, August 21st. This represents a $1.08 annualized dividend and a yield of 3.1%. WaFd's dividend payout ratio (DPR) is currently 34.07%.
About WaFd
(
Free Report)
Washington Federal, Inc, doing business as WaFd Bank, is a publicly traded bank holding company headquartered in Seattle, Washington. Through its subsidiary, WaFd Bank, the company provides a range of banking and financial services to individuals, small-to-medium enterprises, and commercial clients. Established in 1917 as Ballard Savings & Loan in Seattle, the institution expanded over decades to serve customers across the Western United States under the Washington Federal name and has operated as a public company since the early 1980s.
WaFd Bank's core offerings encompass deposit accounts such as checking, savings, money market, and certificates of deposit, alongside consumer and commercial lending products.
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