Northern Trust Corp Has $25.01 Million Stake in WaFd, Inc. $WAFD

Key Points

• Northern Trust Corp increased its stake in WaFd, Inc. by 5.1%, holding 875,079 shares valued at approximately $25.01 million as of the latest SEC filing.
• Several institutional investors, including Invesco Ltd. and American Century Companies Inc., have also significantly increased their positions in WaFd during the first quarter.
• WaFd recently announced a quarterly dividend of $0.27 per share, which will be paid on September 5th, representing an annual yield of 3.4% and a payout ratio of 41.06%.

Northern Trust Corp grew its holdings in WaFd, Inc. (NASDAQ:WAFD - Free Report) by 5.1% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 875,079 shares of the bank's stock after acquiring an additional 42,653 shares during the quarter. Northern Trust Corp owned 1.09% of WaFd worth $25,010,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of WAFD. American Century Companies Inc. boosted its position in WaFd by 9.8% during the first quarter. American Century Companies Inc. now owns 1,948,534 shares of the bank's stock valued at $55,689,000 after purchasing an additional 174,453 shares during the last quarter. Systematic Financial Management LP boosted its position in WaFd by 5.2% during the fourth quarter. Systematic Financial Management LP now owns 1,506,368 shares of the bank's stock valued at $48,565,000 after purchasing an additional 73,845 shares during the last quarter. Invesco Ltd. boosted its position in WaFd by 124.3% during the first quarter. Invesco Ltd. now owns 1,107,097 shares of the bank's stock valued at $31,641,000 after purchasing an additional 613,596 shares during the last quarter. Principal Financial Group Inc. boosted its position in WaFd by 3.1% during the first quarter. Principal Financial Group Inc. now owns 461,593 shares of the bank's stock valued at $13,192,000 after purchasing an additional 13,972 shares during the last quarter. Finally, Bridgeway Capital Management LLC boosted its position in WaFd by 2.5% during the fourth quarter. Bridgeway Capital Management LLC now owns 448,216 shares of the bank's stock valued at $14,450,000 after purchasing an additional 10,729 shares during the last quarter. 83.71% of the stock is currently owned by institutional investors.

WaFd Stock Performance

Shares of WAFD traded down $0.20 during mid-day trading on Friday, reaching $31.75. The company's stock had a trading volume of 360,412 shares, compared to its average volume of 350,418. WaFd, Inc. has a 1-year low of $23.75 and a 1-year high of $38.62. The stock has a market cap of $2.50 billion, a P/E ratio of 12.07 and a beta of 0.93. The business has a 50-day simple moving average of $30.47 and a two-hundred day simple moving average of $29.10. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.71.

WaFd (NASDAQ:WAFD - Get Free Report) last announced its earnings results on Thursday, July 17th. The bank reported $0.73 earnings per share for the quarter, topping analysts' consensus estimates of $0.67 by $0.06. The company had revenue of $186.26 million for the quarter, compared to analyst estimates of $184.47 million. WaFd had a return on equity of 8.57% and a net margin of 15.57%. As a group, 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 disclosed a quarterly dividend, which will be paid on Friday, September 5th. Shareholders of record on Friday, August 22nd will be paid a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 3.4%. The ex-dividend date is Friday, August 22nd. WaFd's dividend payout ratio (DPR) is 41.06%.

Wall Street Analyst Weigh In

Several research analysts recently commented on WAFD shares. DA Davidson increased their price target on WaFd from $29.00 to $33.00 and gave the company 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 research report on Friday, July 18th. Stephens raised their price objective on WaFd from $32.00 to $33.00 and gave the company an "equal weight" rating in a research report on Monday, July 21st. Piper Sandler raised 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. Finally, Keefe, Bruyette & Woods raised their price objective on WaFd from $30.00 to $32.00 and gave the company a "market perform" rating in a research report on Monday, July 21st. Four equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price 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.