WaFd, Inc (NASDAQ:WAFD) Shares Sold by Jane Street Group LLC

Jane Street Group LLC trimmed its holdings in WaFd, Inc (NASDAQ:WAFD - Free Report) by 88.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 7,200 shares of the bank's stock after selling 55,398 shares during the quarter. Jane Street Group LLC's holdings in WaFd were worth $232,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in the business. CIBC Asset Management Inc boosted its position in WaFd by 4.8% during the fourth quarter. CIBC Asset Management Inc now owns 7,424 shares of the bank's stock worth $239,000 after purchasing an additional 338 shares in the last quarter. Harbour Investments Inc. boosted its position 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 purchasing an additional 400 shares in the last quarter. CANADA LIFE ASSURANCE Co boosted its position in WaFd by 0.4% during the fourth quarter. CANADA LIFE ASSURANCE Co now owns 98,124 shares of the bank's stock worth $3,162,000 after purchasing an additional 433 shares in the last quarter. Summit Investment Advisors Inc. boosted its position in WaFd by 6.9% during the fourth quarter. Summit Investment Advisors Inc. now owns 6,987 shares of the bank's stock worth $225,000 after purchasing an additional 450 shares in the last quarter. Finally, Principal Securities Inc. boosted its position in WaFd by 10.3% during the fourth quarter. Principal Securities Inc. now owns 7,633 shares of the bank's stock worth $246,000 after purchasing an additional 712 shares in the last quarter. 83.71% of the stock is owned by hedge funds and other institutional investors.

WaFd Price Performance

Shares of NASDAQ WAFD traded up $0.67 during midday trading on Friday, hitting $29.08. The stock had a trading volume of 379,627 shares, compared to its average volume of 539,230. The company has a market capitalization of $2.33 billion, a PE ratio of 13.40 and a beta of 0.85. The stock has a 50 day simple moving average of $28.09 and a 200-day simple moving average of $30.17. WaFd, Inc has a 1 year low of $23.75 and a 1 year high of $38.62. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 1.05.

WaFd (NASDAQ:WAFD - Get Free Report) last released its earnings results on Friday, April 11th. The bank reported $0.65 earnings per share for the quarter, beating the consensus estimate of $0.60 by $0.05. The business had revenue of $179.79 million for the quarter, compared to the consensus estimate of $184.17 million. WaFd had a return on equity of 8.78% and a net margin of 12.66%. On average, sell-side analysts expect that WaFd, Inc will post 2.56 EPS for the current fiscal year.

WaFd Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, June 6th. Stockholders of record on Friday, May 23rd were given a $0.27 dividend. The ex-dividend date was Friday, May 23rd. This represents a $1.08 annualized dividend and a dividend yield of 3.71%. WaFd's dividend payout ratio (DPR) is presently 40.75%.

Analysts Set New Price Targets

A number of brokerages have issued reports on WAFD. Wall Street Zen upgraded WaFd from a "sell" rating to a "hold" rating in a research report on Saturday, April 12th. Stephens reiterated an "equal weight" rating and set a $29.00 price target on shares of WaFd in a research report on Monday, April 14th. Finally, Keefe, Bruyette & Woods lowered their price target on WaFd from $32.00 to $30.00 and set a "market perform" rating on the stock in a research report on Wednesday, April 16th. Five investment analysts have rated the stock with a hold rating, According to MarketBeat, the company currently has an average rating of "Hold" and an average target price of $30.50.

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.