WaFd, Inc. $WAFD Shares Bought by Hotchkis & Wiley Capital Management LLC

Key Points

• Hotchkis & Wiley Capital Management LLC increased its stake in WaFd, Inc. by 3.7% during the 1st quarter, now holding approximately 551,758 shares valued at $15.77 million.
• WaFd reported earnings of $0.73 per share for the latest quarter, exceeding analysts' expectations of $0.67, with revenues reaching $186.26 million.
• The company announced a quarterly dividend of $0.27 per share, payable on September 5th, which translates to an annualized yield of 3.4% based on its current payout ratio.

Hotchkis & Wiley Capital Management LLC raised its stake in WaFd, Inc. (NASDAQ:WAFD - Free Report) by 3.7% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 551,758 shares of the bank's stock after purchasing an additional 19,865 shares during the quarter. Hotchkis & Wiley Capital Management LLC owned about 0.69% of WaFd worth $15,769,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Brooklyn Investment Group acquired a new position in shares of WaFd in the 1st quarter valued at $28,000. Caitong International Asset Management Co. Ltd increased its position in shares of WaFd by 232.4% in 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 in the last quarter. TD Private Client Wealth LLC increased its position in shares of WaFd by 35.2% in the first quarter. TD Private Client Wealth LLC now owns 2,002 shares of the bank's stock worth $57,000 after acquiring an additional 521 shares in the last quarter. KBC Group NV increased its position in shares of WaFd by 12.7% in 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 in the last quarter. Finally, Aquatic Capital Management LLC acquired a new stake in shares of WaFd in the fourth quarter worth $141,000. Institutional investors and hedge funds own 83.71% of the company's stock.

WaFd Stock Performance

NASDAQ WAFD traded up $0.13 during trading hours on Friday, hitting $31.68. The company had a trading volume of 53,092 shares, compared to its average volume of 548,980. WaFd, Inc. has a fifty-two week low of $23.75 and a fifty-two week high of $38.62. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.71. The business has a fifty day simple moving average of $30.16 and a 200-day simple moving average of $29.04. The firm has a market cap of $2.50 billion, a P/E ratio of 12.04 and a beta of 0.90.

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

WaFd Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, September 5th. Shareholders of record on Friday, August 22nd will be given a $0.27 dividend. The ex-dividend date of this dividend is Friday, August 22nd. This represents a $1.08 annualized dividend and a yield of 3.4%. WaFd's dividend payout ratio (DPR) is currently 41.06%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the stock. Piper Sandler boosted their target price on shares of WaFd from $30.00 to $31.00 and gave the stock a "neutral" rating in a research report on Monday, July 21st. Stephens boosted their target price on shares of WaFd from $32.00 to $33.00 and gave the stock an "equal weight" rating in a research report on Monday, July 21st. DA Davidson boosted their target price on shares of WaFd from $29.00 to $33.00 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. Finally, Keefe, Bruyette & Woods boosted their target price 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. Four research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the company presently 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.