Edgestream Partners L.P. Acquires New Holdings in WaFd, Inc. (NASDAQ:WAFD)

Edgestream Partners L.P. bought a new position in WaFd, Inc. (NASDAQ:WAFD - Free Report) during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 11,551 shares of the bank's stock, valued at approximately $330,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Aster Capital Management DIFC Ltd increased its stake in 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 purchasing an additional 1,013 shares in the last quarter. Harbour Investments Inc. boosted its stake in WaFd by 29.6% in the 4th quarter. Harbour Investments Inc. now owns 1,752 shares of the bank's stock worth $56,000 after purchasing an additional 400 shares during the period. TD Private Client Wealth LLC increased its holdings in 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 purchasing an additional 521 shares in the last quarter. KBC Group NV boosted its position in shares of 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 buying an additional 477 shares during the period. Finally, Aquatic Capital Management LLC bought a new position in shares of WaFd during the fourth quarter worth about $141,000. 83.71% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on WAFD. Keefe, Bruyette & Woods reduced their price target on WaFd from $32.00 to $30.00 and set a "market perform" rating for the company in a research report on Wednesday, April 16th. Wall Street Zen upgraded WaFd from a "sell" rating to a "hold" rating in a report on Friday. Finally, Stephens restated an "equal weight" rating and issued a $29.00 price target on shares of WaFd in a research note on Monday, April 14th. Five analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $30.50.

WaFd Stock Down 0.0%

WAFD stock opened at $29.73 on Monday. WaFd, Inc. has a 1-year low of $23.75 and a 1-year high of $38.62. The business's 50 day simple moving average is $29.34 and its 200 day simple moving average is $29.08. The company has a current ratio of 0.98, a quick ratio of 1.02 and a debt-to-equity ratio of 0.71. The firm has a market capitalization of $2.38 billion, a PE ratio of 11.30 and a beta of 0.84.

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

WaFd Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, June 6th. Shareholders of record on Friday, May 23rd were issued a $0.27 dividend. The ex-dividend date of this dividend was Friday, May 23rd. This represents a $1.08 annualized dividend and a yield of 3.63%. WaFd's dividend payout ratio is currently 41.06%.

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.

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