Deutsche Bank AG Acquires 21,334 Shares of WaFd, Inc (NASDAQ:WAFD)

Deutsche Bank AG raised its position in shares of WaFd, Inc (NASDAQ:WAFD - Free Report) by 60.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 56,886 shares of the bank's stock after buying an additional 21,334 shares during the quarter. Deutsche Bank AG owned about 0.07% of WaFd worth $1,834,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in WAFD. Raymond James Financial Inc. bought a new position in shares of WaFd in the 4th quarter worth about $1,766,000. LPL Financial LLC grew its holdings in WaFd by 16.5% in the fourth quarter. LPL Financial LLC now owns 47,174 shares of the bank's stock worth $1,521,000 after purchasing an additional 6,682 shares during the period. Barclays PLC increased its stake in shares of WaFd by 33.3% during the third quarter. Barclays PLC now owns 161,958 shares of the bank's stock valued at $5,643,000 after purchasing an additional 40,499 shares in the last quarter. JPMorgan Chase & Co. increased its stake in shares of WaFd by 152.9% during the fourth quarter. JPMorgan Chase & Co. now owns 469,704 shares of the bank's stock valued at $15,143,000 after purchasing an additional 283,953 shares in the last quarter. Finally, Principal Financial Group Inc. lifted its holdings in shares of WaFd by 4.5% during the fourth quarter. Principal Financial Group Inc. now owns 447,621 shares of the bank's stock valued at $14,431,000 after purchasing an additional 19,117 shares during the last quarter. Hedge funds and other institutional investors own 83.71% of the company's stock.

Analysts Set New Price Targets

Several research firms recently weighed in on WAFD. DA Davidson downgraded WaFd from a "buy" rating to a "neutral" rating and cut their price target for the stock from $35.00 to $32.00 in a research note on Thursday, February 6th. Stephens reissued an "equal weight" rating and issued a $29.00 target price on shares of WaFd in a research note on Monday, April 14th. Wall Street Zen raised WaFd from a "sell" rating to a "hold" rating in a research report on Saturday, April 12th. Finally, Keefe, Bruyette & Woods dropped their price target 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. Five research analysts have rated the stock with a hold rating, Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $30.50.

WaFd Stock Up 0.0%

Shares of WAFD stock traded up $0.01 during mid-day trading on Thursday, hitting $28.48. The company's stock had a trading volume of 63,120 shares, compared to its average volume of 535,389. The company has a debt-to-equity ratio of 1.05, a quick ratio of 1.04 and a current ratio of 1.04. WaFd, Inc has a 52-week low of $23.75 and a 52-week high of $38.62. The stock has a market cap of $2.28 billion, a price-to-earnings ratio of 13.11 and a beta of 0.85. The business has a 50-day moving average price of $28.08 and a 200 day moving average price of $30.65.

WaFd (NASDAQ:WAFD - Get Free Report) last announced its quarterly earnings results on Friday, April 11th. The bank reported $0.65 EPS for the quarter, topping analysts' consensus estimates of $0.60 by $0.05. The firm 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%. Research analysts predict that WaFd, Inc will post 2.56 EPS for the current fiscal year.

WaFd Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 6th. Stockholders of record on Friday, May 23rd will be issued a dividend of $0.27 per share. The ex-dividend date is Friday, May 23rd. This represents a $1.08 annualized dividend and a dividend yield of 3.79%. WaFd's payout ratio is 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.