Hotchkis & Wiley Capital Management LLC Purchases 19,865 Shares of WaFd, Inc. $WAFD

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 grew its position in shares of WaFd, Inc. (NASDAQ:WAFD - Free Report) by 3.7% during the 1st quarter, according to its most recent 13F filing with the Securities and 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 approximately 0.69% of WaFd worth $15,769,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of WAFD. Renaissance Technologies LLC increased its position in shares of WaFd by 427.2% during the 4th quarter. Renaissance Technologies LLC now owns 73,429 shares of the bank's stock valued at $2,367,000 after purchasing an additional 59,500 shares during the last quarter. Raymond James Financial Inc. bought a new position in shares of WaFd during the 4th quarter valued at about $1,766,000. Barclays PLC increased its position in shares of WaFd by 5.7% during the 4th quarter. Barclays PLC now owns 171,258 shares of the bank's stock valued at $5,520,000 after purchasing an additional 9,300 shares during the last quarter. CANADA LIFE ASSURANCE Co increased its position in shares of WaFd by 0.4% during the 4th quarter. CANADA LIFE ASSURANCE Co now owns 98,124 shares of the bank's stock valued at $3,162,000 after purchasing an additional 433 shares during the last quarter. Finally, MetLife Investment Management LLC increased its position in shares of WaFd by 5.3% during the 4th quarter. MetLife Investment Management LLC now owns 40,733 shares of the bank's stock valued at $1,313,000 after purchasing an additional 2,039 shares during the last quarter. 83.71% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

WAFD has been the subject of several research analyst reports. Piper Sandler increased their price objective on WaFd from $30.00 to $31.00 and gave the stock a "neutral" rating in a report on Monday, July 21st. DA Davidson raised their target price on WaFd from $29.00 to $33.00 and gave the company a "neutral" rating in a research note on Monday, July 21st. Stephens raised their target price on WaFd from $32.00 to $33.00 and gave the company an "equal weight" rating in a research note on Monday, July 21st. Keefe, Bruyette & Woods raised their target price on WaFd from $30.00 to $32.00 and gave the company a "market perform" rating in a research note on Monday, July 21st. Finally, Wall Street Zen upgraded WaFd from a "sell" rating to a "hold" rating in a research note on Friday, July 18th. Four analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, WaFd currently has an average rating of "Hold" and a consensus price target of $32.25.

WaFd Stock Down 1.3%

Shares of WaFd stock traded down $0.40 on Thursday, reaching $31.55. The company's stock had a trading volume of 297,618 shares, compared to its average volume of 552,034. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.71. WaFd, Inc. has a 52 week low of $23.75 and a 52 week high of $38.62. The company has a market capitalization of $2.49 billion, a price-to-earnings ratio of 12.00 and a beta of 0.90. The firm's fifty day simple moving average is $30.08 and its two-hundred day simple moving average is $29.03.

WaFd (NASDAQ:WAFD - Get Free Report) last issued its quarterly earnings data on Thursday, July 17th. The bank reported $0.73 EPS 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 company had revenue of $186.26 million during the quarter, compared to analyst estimates of $184.47 million. Equities analysts anticipate that WaFd, Inc. will post 2.56 earnings per share for the current year.

WaFd Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 5th. Investors of record on Friday, August 22nd will be issued a $0.27 dividend. The ex-dividend date of this dividend is Friday, August 22nd. This represents a $1.08 annualized dividend and a dividend yield of 3.4%. WaFd's payout ratio is presently 41.06%.

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.