Deutsche Bank AG Buys 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 the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 56,886 shares of the bank's stock after purchasing an additional 21,334 shares during the period. Deutsche Bank AG owned 0.07% of WaFd worth $1,834,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also bought and sold shares of WAFD. Aster Capital Management DIFC Ltd grew its stake in shares of WaFd by 983.5% during the 4th quarter. Aster Capital Management DIFC Ltd now owns 1,116 shares of the bank's stock worth $36,000 after acquiring an additional 1,013 shares during the period. Harbour Investments Inc. lifted its holdings in WaFd by 29.6% during the fourth quarter. Harbour Investments Inc. now owns 1,752 shares of the bank's stock valued at $56,000 after purchasing an additional 400 shares during the last quarter. Blue Trust Inc. boosted its position in WaFd by 68.4% during the fourth quarter. Blue Trust Inc. now owns 2,000 shares of the bank's stock worth $70,000 after purchasing an additional 812 shares during the period. US Bancorp DE increased its stake in shares of WaFd by 136.7% in the fourth quarter. US Bancorp DE now owns 3,638 shares of the bank's stock worth $117,000 after purchasing an additional 2,101 shares in the last quarter. Finally, KBC Group NV raised its position in shares of WaFd by 34.5% in the fourth quarter. KBC Group NV now owns 3,762 shares of the bank's stock valued at $121,000 after purchasing an additional 965 shares during the period. 83.71% of the stock is owned by hedge funds and other institutional investors.

WaFd Price Performance

NASDAQ WAFD traded up $0.47 on Tuesday, hitting $28.94. The stock had a trading volume of 414,675 shares, compared to its average volume of 537,606. The firm has a 50-day moving average of $28.05 and a 200-day moving average of $30.67. 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 company has a market capitalization of $2.32 billion, a price-to-earnings ratio of 13.34 and a beta of 0.85.

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, topping analysts' consensus estimates of $0.60 by $0.05. The company had revenue of $179.79 million for the quarter, compared to the consensus estimate of $184.17 million. WaFd had a return on equity of 8.78% and a net margin of 12.66%. Equities analysts expect that WaFd, Inc will post 2.56 EPS for the current year.

WaFd Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 6th. Shareholders of record on Friday, May 23rd will be issued a $0.27 dividend. The ex-dividend date of this dividend is Friday, May 23rd. This represents a $1.08 annualized dividend and a dividend yield of 3.73%. WaFd's payout ratio is currently 40.75%.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on WAFD shares. DA Davidson downgraded shares of WaFd from a "buy" rating to a "neutral" rating and cut their price objective for the stock from $35.00 to $32.00 in a report on Thursday, February 6th. Wall Street Zen raised WaFd from a "sell" rating to a "hold" rating in a report on Saturday, April 12th. 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. Finally, Keefe, Bruyette & Woods dropped their price objective on WaFd from $32.00 to $30.00 and set a "market perform" rating on the stock in a report on Wednesday, April 16th. Five investment 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 target price of $30.50.

WaFd Company Profile

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.