Deutsche Bank AG Makes New $3.02 Million Investment in WaFd, Inc. $WAFD

Key Points

• Deutsche Bank purchased 78,577 WaFd shares worth approximately $3.02 million, while institutional investors and hedge funds collectively own 83.71% of the company.
• Analysts maintain a generally neutral view, with one Buy and four Hold ratings, an average rating of Hold, and an average price target of $37.00.
• WaFd reported quarterly revenue of $205.52 million, exceeding estimates, but EPS of $0.81 slightly missed expectations. The company declared a quarterly dividend of $0.27 per share, representing a 3.0% yield.

Deutsche Bank AG purchased a new stake in WaFd, Inc. (NASDAQ:WAFD - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 78,577 shares of the bank's stock, valued at approximately $3,015,000. Deutsche Bank AG owned approximately 0.11% of WaFd as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Dimensional Fund Advisors LP grew its holdings in shares of WaFd by 0.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 4,980,089 shares of the bank's stock worth $159,514,000 after acquiring an additional 26,000 shares during the last quarter. Systematic Financial Management LP boosted its position in shares of WaFd by 0.5% in the 4th quarter. Systematic Financial Management LP now owns 1,557,436 shares of the bank's stock valued at $49,885,000 after purchasing an additional 8,039 shares during the period. Ameriprise Financial Inc. boosted its position in shares of WaFd by 11.8% in the 3rd quarter. Ameriprise Financial Inc. now owns 1,375,110 shares of the bank's stock valued at $41,652,000 after purchasing an additional 145,646 shares during the period. Bank of America Corp DE increased its stake in WaFd by 28.1% in the 1st quarter. Bank of America Corp DE now owns 905,863 shares of the bank's stock worth $28,444,000 after purchasing an additional 198,728 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its stake in WaFd by 5.7% in the 4th quarter. Bank of New York Mellon Corp now owns 712,302 shares of the bank's stock worth $22,815,000 after purchasing an additional 38,376 shares in the last quarter. Institutional investors and hedge funds own 83.71% of the company's stock.

Analyst Upgrades and Downgrades

WAFD has been the subject of a number of analyst reports. DA Davidson upped their price objective on shares of WaFd from $38.00 to $40.00 and gave the company a "neutral" rating in a research note on Monday, July 20th. Weiss Ratings reissued a "buy (b)" rating on shares of WaFd in a research report on Wednesday, August 19th. Finally, Zacks Research lowered shares of WaFd from a "strong-buy" rating to a "hold" rating in a report on Monday, June 22nd. One analyst has rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $37.00.

WaFd Trading Up 0.0%

NASDAQ WAFD opened at $36.22 on Thursday. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 1.20. WaFd, Inc. has a 1-year low of $26.31 and a 1-year high of $39.49. The firm's fifty day simple moving average is $37.41 and its 200-day simple moving average is $34.93. The company has a market capitalization of $2.68 billion, a PE ratio of 11.43 and a beta of 0.84.

WaFd (NASDAQ:WAFD - Get Free Report) last released its quarterly earnings data on Friday, July 17th. The bank reported $0.81 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.82 by ($0.01). WaFd had a net margin of 18.47% and a return on equity of 8.98%. The firm had revenue of $205.52 million for the quarter, compared to analyst estimates of $199.56 million. As a group, sell-side analysts anticipate that WaFd, Inc. will post 3.21 earnings per share for the current fiscal year.

WaFd Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, September 4th. Stockholders of record on Friday, August 21st will be issued a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a dividend yield of 3.0%. The ex-dividend date is Friday, August 21st. WaFd's payout ratio is currently 34.07%.

WaFd Profile

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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