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

Edgestream Partners L.P. purchased a new stake in WaFd, Inc. (NASDAQ:WAFD - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 11,551 shares of the bank's stock, valued at approximately $330,000.

Several other institutional investors and hedge funds have also modified their holdings of the business. Aster Capital Management DIFC Ltd grew its stake in WaFd by 983.5% during the fourth quarter. Aster Capital Management DIFC Ltd now owns 1,116 shares of the bank's stock worth $36,000 after buying an additional 1,013 shares in the last quarter. Harbour Investments Inc. grew its stake in WaFd by 29.6% during the fourth quarter. Harbour Investments Inc. now owns 1,752 shares of the bank's stock worth $56,000 after buying an additional 400 shares in the last quarter. TD Private Client Wealth LLC grew its stake in WaFd by 35.2% during the first 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 in the last quarter. KBC Group NV grew its stake 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 buying an additional 477 shares in the last quarter. Finally, Aquatic Capital Management LLC acquired a new stake in WaFd during the fourth quarter worth about $141,000. 83.71% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on WAFD. DA Davidson increased their price objective on shares of WaFd from $29.00 to $33.00 and gave the stock a "neutral" rating in a research note on Monday. Keefe, Bruyette & Woods increased their price objective on shares of WaFd from $30.00 to $32.00 and gave the stock a "market perform" rating in a research note on Monday. Stephens increased 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. Wall Street Zen upgraded shares of WaFd from a "sell" rating to a "hold" rating in a research note on Friday, July 18th. Finally, Piper Sandler increased their target price on shares of WaFd from $30.00 to $31.00 and gave the stock a "neutral" rating in a report on Monday. Five investment analysts have rated the stock with a hold rating, Based on data from MarketBeat, WaFd has a consensus rating of "Hold" and an average target price of $32.25.

WaFd Price Performance

Shares of WAFD stock traded down $0.70 on Thursday, reaching $29.53. The company had a trading volume of 514,967 shares, compared to its average volume of 536,226. The stock has a market capitalization of $2.37 billion, a PE ratio of 11.23 and a beta of 0.84. The company has a quick ratio of 1.02, a current ratio of 0.98 and a debt-to-equity ratio of 0.71. WaFd, Inc. has a one year low of $23.75 and a one year high of $38.62. The business's 50-day moving average is $29.35 and its 200 day moving average is $29.06.

WaFd (NASDAQ:WAFD - Get Free Report) last posted its earnings results 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%. Equities research analysts forecast that WaFd, Inc. will post 2.56 EPS for the current fiscal year.

WaFd Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 6th. Investors 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 dividend on an annualized basis and a yield of 3.66%. WaFd's dividend payout ratio (DPR) is presently 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.