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

Public Sector Pension Investment Board grew its position in shares of WaFd, Inc. (NASDAQ:WAFD - Free Report) by 27.8% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 258,604 shares of the bank's stock after buying an additional 56,248 shares during the quarter. Public Sector Pension Investment Board owned approximately 0.32% of WaFd worth $7,391,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also made changes to their positions in the company. TD Private Client Wealth LLC lifted its holdings in shares of WaFd by 35.2% during the 1st quarter. TD Private Client Wealth LLC now owns 2,002 shares of the bank's stock valued at $57,000 after buying an additional 521 shares during the last quarter. KBC Group NV lifted its holdings in WaFd by 12.7% in 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 last quarter. Aquatic Capital Management LLC acquired a new stake in WaFd in the 4th quarter worth approximately $141,000. Summit Investment Advisors Inc. lifted its holdings in WaFd by 6.9% in the 4th quarter. Summit Investment Advisors Inc. now owns 6,987 shares of the bank's stock worth $225,000 after purchasing an additional 450 shares during the last quarter. Finally, Crestline Management LP acquired a new stake in WaFd in the 4th quarter worth approximately $258,000. 83.71% of the stock is currently owned by institutional investors and hedge funds.

WaFd Stock Performance

Shares of NASDAQ WAFD opened at $31.06 on Friday. 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 business's 50 day moving average is $29.63 and its two-hundred day moving average is $28.96. The company has a market cap of $2.45 billion, a P/E ratio of 11.81 and a beta of 0.90. WaFd, Inc. has a 12 month low of $23.75 and a 12 month high of $38.62.

WaFd (NASDAQ:WAFD - Get Free Report) last issued its quarterly earnings results on Thursday, July 17th. The bank reported $0.73 EPS for the quarter, topping the consensus estimate of $0.67 by $0.06. The company had revenue of $186.26 million for the quarter, compared to the consensus estimate of $184.47 million. WaFd had a return on equity of 8.57% and a net margin of 15.57%. On average, equities analysts expect that WaFd, Inc. will post 2.56 EPS for the current year.

WaFd Announces Dividend

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

Analysts Set New Price Targets

Several research firms recently weighed in on WAFD. Piper Sandler boosted 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. DA Davidson boosted their target price on WaFd from $29.00 to $33.00 and gave the stock a "neutral" rating in a report on Monday, July 21st. Keefe, Bruyette & Woods boosted their target price on WaFd from $30.00 to $32.00 and gave the stock a "market perform" rating in a report on Monday, July 21st. Wall Street Zen upgraded WaFd from a "sell" rating to a "hold" rating in a report on Friday, July 18th. Finally, Stephens boosted their target price on WaFd from $32.00 to $33.00 and gave the stock an "equal weight" rating in a report on Monday, July 21st. Five analysts have rated the stock with a hold rating, According to data from MarketBeat, WaFd currently has a consensus rating of "Hold" and a consensus target price of $32.25.

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.

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