Nuveen Asset Management LLC Lowers Stock Holdings in WaFd, Inc (NASDAQ:WAFD)

Nuveen Asset Management LLC lessened its holdings in shares of WaFd, Inc (NASDAQ:WAFD - Free Report) by 55.2% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 252,494 shares of the bank's stock after selling 310,798 shares during the period. Nuveen Asset Management LLC owned 0.31% of WaFd worth $8,140,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Aster Capital Management DIFC Ltd raised its position in shares of WaFd by 983.5% during the 4th quarter. Aster Capital Management DIFC Ltd now owns 1,116 shares of the bank's stock worth $36,000 after acquiring an additional 1,013 shares in the last quarter. Harbour Investments Inc. raised its position in shares of WaFd by 29.6% during the 4th quarter. Harbour Investments Inc. now owns 1,752 shares of the bank's stock worth $56,000 after acquiring an additional 400 shares in the last quarter. Blue Trust Inc. raised its position in shares of WaFd by 68.4% during the 4th quarter. Blue Trust Inc. now owns 2,000 shares of the bank's stock worth $70,000 after acquiring an additional 812 shares in the last quarter. US Bancorp DE raised its position in shares of WaFd by 136.7% during the 4th quarter. US Bancorp DE now owns 3,638 shares of the bank's stock worth $117,000 after acquiring an additional 2,101 shares in the last quarter. Finally, KBC Group NV raised its position in shares of WaFd by 34.5% during the 4th quarter. KBC Group NV now owns 3,762 shares of the bank's stock worth $121,000 after acquiring an additional 965 shares in the last quarter. Institutional investors and hedge funds own 83.71% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. Keefe, Bruyette & Woods dropped their price target on WaFd from $32.00 to $30.00 and set a "market perform" rating on the stock in a research note on Wednesday, April 16th. Wall Street Zen upgraded WaFd from a "sell" rating to a "hold" rating in a research note on Saturday, April 12th. DA Davidson downgraded WaFd from a "buy" rating to a "neutral" rating and dropped their price target for the stock from $35.00 to $32.00 in a research note on Thursday, February 6th. Finally, Stephens restated an "equal weight" rating and set a $29.00 price target on shares of WaFd in a research note on Monday, April 14th. Five equities research analysts have rated the stock with a hold rating, According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $30.50.

WaFd Stock Performance

NASDAQ:WAFD traded down $0.08 during mid-day trading on Monday, reaching $28.34. 335,999 shares of the stock were exchanged, compared to its average volume of 537,028. The company has a 50 day simple moving average of $28.07 and a 200-day simple moving average of $30.37. The stock has a market capitalization of $2.27 billion, a P/E ratio of 13.06 and a beta of 0.85. 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, Inc has a 1 year low of $23.75 and a 1 year high of $38.62.

WaFd (NASDAQ:WAFD - Get Free Report) last announced 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. WaFd had a return on equity of 8.78% and a net margin of 12.66%. The company had revenue of $179.79 million for the quarter, compared to the consensus estimate of $184.17 million. Analysts anticipate that WaFd, Inc will post 2.56 earnings per share for the current fiscal year.

WaFd Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, June 6th. Shareholders of record on Friday, May 23rd will be paid a $0.27 dividend. The ex-dividend date is Friday, May 23rd. This represents a $1.08 annualized dividend and a dividend yield of 3.81%. WaFd's dividend payout ratio (DPR) is currently 40.75%.

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.