Public Sector Pension Investment Board Has $7.39 Million Stake in WaFd, Inc. $WAFD

Key Points

• The Public Sector Pension Investment Board increased its stake in WaFd, Inc. by 27.8% in the first quarter, owning approximately 258,604 shares worth about $7.39 million.
• WaFd recently announced a quarterly dividend of $0.27 per share, which equates to an annualized yield of 3.5%, with the payment scheduled for September 5th.
• Analysts raised their target prices for WaFd's stock, with targets ranging from $30.00 to $33.00, indicating a positive outlook on the company's performance.

Public Sector Pension Investment Board boosted its stake in WaFd, Inc. (NASDAQ:WAFD - Free Report) by 27.8% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 258,604 shares of the bank's stock after buying an additional 56,248 shares during the period. Public Sector Pension Investment Board owned approximately 0.32% of WaFd worth $7,391,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of WAFD. 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. KBC Group NV raised its position in shares of WaFd by 12.7% in the first quarter. KBC Group NV now owns 4,239 shares of the bank's stock valued at $121,000 after buying an additional 477 shares in the last quarter. Aquatic Capital Management LLC bought a new stake in shares of WaFd in the fourth quarter valued at approximately $141,000. Summit Investment Advisors Inc. boosted its stake in shares of WaFd by 6.9% in the fourth quarter. Summit Investment Advisors Inc. now owns 6,987 shares of the bank's stock valued at $225,000 after buying an additional 450 shares during the period. Finally, Crestline Management LP acquired a new stake in WaFd during the fourth quarter worth approximately $258,000. 83.71% of the stock is owned by institutional investors.

Analyst Ratings Changes

WAFD has been the topic of several recent analyst reports. Stephens raised their target price on shares of WaFd from $32.00 to $33.00 and gave the company an "equal weight" rating in a report on Monday, July 21st. DA Davidson lifted their price target on shares of WaFd from $29.00 to $33.00 and gave the stock a "neutral" rating in a report on Monday, July 21st. Keefe, Bruyette & Woods increased their price objective on WaFd from $30.00 to $32.00 and gave the company a "market perform" rating in a report on Monday, July 21st. Piper Sandler lifted their target price on WaFd from $30.00 to $31.00 and gave the stock a "neutral" rating in a report on Monday, July 21st. Finally, Wall Street Zen upgraded WaFd from a "sell" rating to a "hold" rating in a research report on Friday, July 18th. Four equities research analysts have rated the stock with a Hold rating, According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $32.25.

WaFd Stock Up 0.8%

NASDAQ:WAFD traded up $0.2410 during trading hours on Tuesday, reaching $30.9410. The company had a trading volume of 90,920 shares, compared to its average volume of 559,373. WaFd, Inc. has a twelve month low of $23.75 and a twelve month high of $38.62. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.71. The firm has a market cap of $2.44 billion, a price-to-earnings ratio of 11.75 and a beta of 0.90. The business's 50-day simple moving average is $29.69 and its two-hundred day simple moving average is $28.96.

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 analysts' consensus estimates of $0.67 by $0.06. The company had revenue of $186.26 million for the quarter, compared to analysts' expectations of $184.47 million. WaFd had a net margin of 15.57% and a return on equity of 8.57%. On average, equities analysts expect that WaFd, Inc. will post 2.56 earnings per share for the current year.

WaFd Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 5th. Stockholders of record on Friday, August 22nd will be given a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date of this dividend is Friday, August 22nd. WaFd's dividend payout ratio is presently 41.06%.

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.