Rafferty Asset Management LLC grew its holdings in WaFd, Inc (NASDAQ:WAFD - Free Report) by 18.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 107,324 shares of the bank's stock after purchasing an additional 16,942 shares during the period. Rafferty Asset Management LLC owned about 0.13% of WaFd worth $3,460,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also modified their holdings of the company. Raymond James Financial Inc. bought a new stake in shares of WaFd in the 4th quarter worth $1,766,000. LPL Financial LLC increased its holdings in shares of WaFd by 16.5% in the 4th quarter. LPL Financial LLC now owns 47,174 shares of the bank's stock worth $1,521,000 after purchasing an additional 6,682 shares in the last quarter. Barclays PLC increased its holdings in shares of WaFd by 33.3% in the 3rd quarter. Barclays PLC now owns 161,958 shares of the bank's stock worth $5,643,000 after purchasing an additional 40,499 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in shares of WaFd by 152.9% in the 4th quarter. JPMorgan Chase & Co. now owns 469,704 shares of the bank's stock worth $15,143,000 after purchasing an additional 283,953 shares in the last quarter. Finally, Principal Financial Group Inc. increased its holdings in shares of WaFd by 4.5% in the 4th quarter. Principal Financial Group Inc. now owns 447,621 shares of the bank's stock worth $14,431,000 after purchasing an additional 19,117 shares in the last quarter. Institutional investors own 83.71% of the company's stock.
Analyst Ratings Changes
A number of equities analysts have recently issued reports on WAFD shares. 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 issued 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 company presently has an average rating of "Hold" and an average price target of $30.50.
Check Out Our Latest Report on WAFD
WaFd Stock Performance
Shares of WAFD stock traded down $0.37 on Friday, reaching $28.47. The stock had a trading volume of 752,559 shares, compared to its average volume of 538,099. The stock has a market cap of $2.28 billion, a P/E ratio of 13.12 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. The company has a 50 day simple moving average of $28.06 and a 200 day simple moving average of $30.77. 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 released its quarterly earnings results on Friday, April 11th. The bank reported $0.65 earnings per share (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 business had revenue of $179.79 million during the quarter, compared to analyst estimates of $184.17 million. Equities research 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, June 6th. Investors of record on Friday, May 23rd will be issued a $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 3.79%. The ex-dividend date of this dividend is Friday, May 23rd. WaFd's dividend payout ratio is 40.75%.
About WaFd
(
Free Report)
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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