Millennium Management LLC Purchases New Shares in WaFd, Inc (NASDAQ:WAFD)

Millennium Management LLC purchased a new stake in WaFd, Inc (NASDAQ:WAFD - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 29,452 shares of the bank's stock, valued at approximately $950,000.

A number of other institutional investors have also made changes to their positions in WAFD. CIBC Asset Management Inc boosted its holdings in WaFd by 4.8% during the fourth quarter. CIBC Asset Management Inc now owns 7,424 shares of the bank's stock valued at $239,000 after purchasing an additional 338 shares in the last quarter. Harbour Investments Inc. lifted its holdings in shares of WaFd by 29.6% during the fourth quarter. Harbour Investments Inc. now owns 1,752 shares of the bank's stock valued at $56,000 after acquiring an additional 400 shares during the period. CANADA LIFE ASSURANCE Co boosted its stake in shares of WaFd by 0.4% in 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 in the last quarter. Summit Investment Advisors Inc. lifted its holdings in WaFd by 6.9% during 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, Principal Securities Inc. boosted its position in WaFd by 10.3% in the fourth quarter. Principal Securities Inc. now owns 7,633 shares of the bank's stock valued at $246,000 after buying an additional 712 shares in the last quarter. 83.71% of the stock is currently owned by institutional investors.

WaFd Trading Down 0.2%

NASDAQ:WAFD traded down $0.05 on Monday, reaching $29.03. The company's stock had a trading volume of 375,191 shares, compared to its average volume of 538,574. WaFd, Inc has a 1-year low of $23.75 and a 1-year high of $38.62. The business's 50-day moving average price is $28.09 and its two-hundred day moving average price is $30.17. The firm has a market cap of $2.33 billion, a PE ratio of 13.38 and a beta of 0.85. The company has a debt-to-equity ratio of 1.05, a quick ratio of 1.04 and a current ratio of 1.04.

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

WaFd Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, June 6th. Investors of record on Friday, May 23rd were paid a $0.27 dividend. The ex-dividend date was Friday, May 23rd. This represents a $1.08 dividend on an annualized basis and a yield of 3.72%. WaFd's dividend payout ratio (DPR) is currently 40.75%.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. Keefe, Bruyette & Woods dropped their price objective on shares of WaFd from $32.00 to $30.00 and set a "market perform" rating for the company in a report on Wednesday, April 16th. Wall Street Zen upgraded WaFd from a "sell" rating to a "hold" rating in a research report on Saturday, April 12th. Finally, Stephens reaffirmed an "equal weight" rating and issued a $29.00 price target on shares of WaFd in a report on Monday, April 14th. Five analysts have rated the stock with a hold rating, According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target 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.