Jones Financial Companies Lllp Has $2.22 Million Stock Holdings in WaFd, Inc. $WAFD

Key Points

• Jones Financial Companies Lllp significantly increased its stake in WaFd, Inc. by 131,425.4%, owning about 0.10% of the company worth $2.22 million after purchasing 77,541 additional shares in the first quarter.
• Several research firms have raised their target prices for WaFd stock, with an average price target of $32.25 and a consensus rating of "Hold" from analysts.
• WaFd recently declared a quarterly dividend of $0.27 per share, resulting in an annualized yield of 3.4% and a payout ratio of 41.06%.

Jones Financial Companies Lllp boosted its holdings in shares of WaFd, Inc. (NASDAQ:WAFD - Free Report) by 131,425.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 77,600 shares of the bank's stock after purchasing an additional 77,541 shares during the quarter. Jones Financial Companies Lllp owned about 0.10% of WaFd worth $2,218,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Brooklyn Investment Group bought a new stake in shares of WaFd in the first quarter valued at approximately $28,000. TD Private Client Wealth LLC boosted its holdings in WaFd by 35.2% in the 1st quarter. TD Private Client Wealth LLC now owns 2,002 shares of the bank's stock valued at $57,000 after purchasing an additional 521 shares during the period. Caitong International Asset Management Co. Ltd grew its position in WaFd by 232.4% in the 1st quarter. Caitong International Asset Management Co. Ltd now owns 1,978 shares of the bank's stock worth $57,000 after purchasing an additional 1,383 shares during the last quarter. KBC Group NV increased its holdings in shares of WaFd by 12.7% during the 1st quarter. KBC Group NV now owns 4,239 shares of the bank's stock worth $121,000 after purchasing an additional 477 shares during the period. Finally, XTX Topco Ltd acquired a new position in shares of WaFd during the first quarter valued at about $263,000. 83.71% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on WAFD. DA Davidson lifted their target price on 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 WaFd from a "sell" rating to a "hold" rating in a report on Friday, July 18th. Piper Sandler boosted their price objective on WaFd from $30.00 to $31.00 and gave the company a "neutral" rating in a research report on Monday, July 21st. Stephens raised their target price on WaFd from $32.00 to $33.00 and gave the stock an "equal weight" rating in a research report on Monday, July 21st. Finally, Keefe, Bruyette & Woods lifted their price target on shares of WaFd from $30.00 to $32.00 and gave the stock a "market perform" rating in a research note on Monday, July 21st. Four equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, WaFd currently has an average rating of "Hold" and an average target price of $32.25.

WaFd Price Performance

WaFd stock opened at $31.55 on Friday. The business has a 50 day simple moving average of $30.55 and a 200 day simple moving average of $29.16. The company has a debt-to-equity ratio of 0.71, a current ratio of 0.98 and a quick ratio of 0.98. The company has a market capitalization of $2.49 billion, a PE ratio of 12.00 and a beta of 0.93. WaFd, Inc. has a one year low of $23.75 and a one year high of $38.62.

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

WaFd Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, September 5th. Shareholders of record on Friday, August 22nd were given a $0.27 dividend. The ex-dividend date was Friday, August 22nd. This represents a $1.08 dividend on an annualized basis and a yield of 3.4%. WaFd's payout ratio is 41.06%.

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.

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