Invesco Ltd. Grows Stake in WaFd, Inc. $WAFD

Key Points

• Invesco Ltd. increased its stake in WaFd, Inc. by 124.3%, now holding approximately $31.64 million worth of shares following the purchase of over 613,000 additional shares.
• Wall Street analysts have raised their price targets for WaFd, with a consensus rating of "Hold" and a target price of $32.25.
• WaFd recently announced a quarterly dividend of $0.27 per share, reflecting an annualized yield of 3.5% and a dividend payout ratio of 41.06%.

Invesco Ltd. increased its position in shares of WaFd, Inc. (NASDAQ:WAFD - Free Report) by 124.3% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,107,097 shares of the bank's stock after purchasing an additional 613,596 shares during the quarter. Invesco Ltd. owned approximately 1.38% of WaFd worth $31,641,000 as of its most recent filing with the SEC.

Other large investors have also recently made changes to their positions in the company. TD Private Client Wealth LLC increased its position in shares of 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 purchasing an additional 521 shares in the last quarter. KBC Group NV boosted 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 during the last quarter. Aquatic Capital Management LLC acquired a new position in shares of WaFd in the 4th quarter valued at $141,000. Summit Investment Advisors Inc. lifted its stake in shares of WaFd by 6.9% in the 4th quarter. Summit Investment Advisors Inc. now owns 6,987 shares of the bank's stock valued at $225,000 after purchasing an additional 450 shares during the last quarter. Finally, Crestline Management LP acquired a new position in shares of WaFd in the 4th quarter valued at $258,000. 83.71% of the stock is currently owned by hedge funds and other institutional investors.

WaFd Stock Down 1.2%

NASDAQ WAFD traded down $0.37 during trading hours on Monday, hitting $31.36. 325,463 shares of the company were exchanged, compared to its average volume of 459,314. The company has a 50 day moving average of $29.92 and a two-hundred day moving average of $28.99. 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 firm has a market cap of $2.47 billion, a price-to-earnings ratio of 11.92 and a beta of 0.90.

WaFd (NASDAQ:WAFD - Get Free Report) last issued its quarterly 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 company had revenue of $186.26 million for the quarter, compared to the consensus estimate of $184.47 million. Equities research analysts anticipate that WaFd, Inc. will post 2.56 earnings per share for the current year.

WaFd Dividend Announcement

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

Analyst Ratings Changes

WAFD has been the topic of several recent analyst reports. DA Davidson upped their price target on WaFd from $29.00 to $33.00 and gave the company a "neutral" rating in a research note on Monday, July 21st. Keefe, Bruyette & Woods upped their price target on WaFd from $30.00 to $32.00 and gave the company a "market perform" rating in a research note on Monday, July 21st. Piper Sandler upped their price target on WaFd from $30.00 to $31.00 and gave the company a "neutral" rating in a research note on Monday, July 21st. Stephens upped their price target on WaFd from $32.00 to $33.00 and gave the company an "equal weight" rating in a research note on Monday, July 21st. Finally, Wall Street Zen raised 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, According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $32.25.

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.