Dimensional Fund Advisors LP Has $149.49 Million Stock Holdings in WaFd, Inc. $WAFD

Key Points

• Dimensional Fund Advisors LP reduced its stake in WaFd, Inc. by 2.8% during Q1, owning approximately 5.23 million shares valued at $149.49 million.
• WaFd, Inc. recently announced a quarterly dividend of $0.27 per share, representing a yield of 3.5% as of the ex-dividend date.
• The stock has an average target price of $32.25 with a consensus 'Hold' rating from multiple analysts following recent price adjustments.

Dimensional Fund Advisors LP trimmed its stake in shares of WaFd, Inc. (NASDAQ:WAFD - Free Report) by 2.8% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,230,695 shares of the bank's stock after selling 152,391 shares during the quarter. Dimensional Fund Advisors LP owned about 6.53% of WaFd worth $149,490,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of WAFD. TD Private Client Wealth LLC boosted its holdings in shares of WaFd by 35.2% during the 1st quarter. TD Private Client Wealth LLC now owns 2,002 shares of the bank's stock worth $57,000 after buying an additional 521 shares during the period. Caitong International Asset Management Co. Ltd lifted its position in WaFd by 232.4% during the first quarter. Caitong International Asset Management Co. Ltd now owns 1,978 shares of the bank's stock worth $57,000 after acquiring an additional 1,383 shares during the last quarter. KBC Group NV lifted its position in WaFd by 12.7% during the first quarter. KBC Group NV now owns 4,239 shares of the bank's stock worth $121,000 after acquiring an additional 477 shares during the last quarter. Aquatic Capital Management LLC bought a new stake in shares of WaFd during the fourth quarter worth approximately $141,000. Finally, Crestline Management LP acquired a new position in shares of WaFd in the fourth quarter valued at approximately $258,000. 83.71% of the stock is owned by institutional investors.

WaFd Stock Down 0.7%

Shares of NASDAQ WAFD opened at $30.67 on Thursday. WaFd, Inc. has a 52 week low of $23.75 and a 52 week high of $38.62. The stock's fifty day moving average is $29.75 and its 200 day moving average is $28.98. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.98 and a current ratio of 0.98. The stock has a market capitalization of $2.42 billion, a P/E ratio of 11.66 and a beta of 0.90.

WaFd (NASDAQ:WAFD - Get Free Report) last announced its quarterly earnings data on Thursday, July 17th. The bank reported $0.73 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.67 by $0.06. WaFd had a net margin of 15.57% and a return on equity of 8.57%. The firm had revenue of $186.26 million for the quarter, compared to the consensus estimate of $184.47 million. Sell-side analysts forecast that WaFd, Inc. will post 2.56 earnings per share for the current fiscal year.

WaFd Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 5th. Shareholders of record on Friday, August 22nd will be paid a dividend of $0.27 per share. The ex-dividend date is Friday, August 22nd. This represents a $1.08 annualized dividend and a yield of 3.5%. WaFd's dividend payout ratio is presently 41.06%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on WAFD shares. DA Davidson increased their target price on WaFd from $29.00 to $33.00 and gave the stock a "neutral" rating in a research note on Monday, July 21st. Piper Sandler increased their price objective on WaFd from $30.00 to $31.00 and gave the stock a "neutral" rating in a research report on Monday, July 21st. Wall Street Zen raised shares of WaFd from a "sell" rating to a "hold" rating in a research report on Friday, July 18th. Keefe, Bruyette & Woods raised their price target on shares of WaFd from $30.00 to $32.00 and gave the stock a "market perform" rating in a research report on Monday, July 21st. Finally, Stephens lifted their price objective on shares of WaFd from $32.00 to $33.00 and gave the stock an "equal weight" rating in a research note on Monday, July 21st. Four equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $32.25.

WaFd 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.

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