WaFd, Inc (NASDAQ:WAFD) Shares Purchased by GAMMA Investing LLC

GAMMA Investing LLC increased its holdings in shares of WaFd, Inc (NASDAQ:WAFD - Free Report) by 2,337.2% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 40,555 shares of the bank's stock after purchasing an additional 38,891 shares during the period. GAMMA Investing LLC's holdings in WaFd were worth $1,159,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Raymond James Financial Inc. acquired a new stake in WaFd during the 4th quarter worth about $1,766,000. LPL Financial LLC grew its position in shares of WaFd by 16.5% during the 4th quarter. LPL Financial LLC now owns 47,174 shares of the bank's stock valued at $1,521,000 after acquiring an additional 6,682 shares during the period. JPMorgan Chase & Co. increased its stake in shares of WaFd by 152.9% in the 4th 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. Principal Financial Group Inc. raised its holdings in WaFd by 4.5% in the 4th quarter. Principal Financial Group Inc. now owns 447,621 shares of the bank's stock worth $14,431,000 after purchasing an additional 19,117 shares during the period. Finally, Millennium Management LLC acquired a new position in WaFd in the 4th quarter worth about $950,000. 83.71% of the stock is currently owned by institutional investors and hedge funds.

WaFd Trading Down 0.4%

WAFD traded down $0.10 during trading hours on Monday, reaching $27.97. The company's stock had a trading volume of 516,201 shares, compared to its average volume of 539,745. The stock has a market cap of $2.24 billion, a PE ratio of 12.89 and a beta of 0.85. The company has a debt-to-equity ratio of 1.05, a current ratio of 1.04 and a quick ratio of 1.04. WaFd, Inc has a fifty-two week low of $23.75 and a fifty-two week high of $38.62. The business's 50-day moving average is $28.36 and its 200-day moving average is $29.87.

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, beating the consensus estimate of $0.60 by $0.05. The firm had revenue of $179.79 million for 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%. As a group, equities research analysts predict that WaFd, Inc will post 2.56 earnings per share for the current fiscal year.

WaFd Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 6th. Stockholders of record on Friday, May 23rd were issued a $0.27 dividend. The ex-dividend date was Friday, May 23rd. This represents a $1.08 annualized dividend and a dividend yield of 3.86%. WaFd's dividend payout ratio is currently 40.75%.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on WAFD shares. Wall Street Zen upgraded WaFd from a "sell" rating to a "hold" rating in a research report on Saturday, April 12th. Stephens restated an "equal weight" rating and set a $29.00 price objective on shares of WaFd in a research report on Monday, April 14th. Finally, Keefe, Bruyette & Woods decreased their price objective on shares of WaFd from $32.00 to $30.00 and set a "market perform" rating on the stock in a report on Wednesday, April 16th. Five research analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus 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.