Teacher Retirement System of Texas Makes New $340,000 Investment in WaFd, Inc. (NASDAQ:WAFD)

Teacher Retirement System of Texas purchased a new position in shares of WaFd, Inc. (NASDAQ:WAFD - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 11,894 shares of the bank's stock, valued at approximately $340,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of WAFD. Raymond James Financial Inc. bought a new stake in WaFd during the fourth quarter valued at about $1,766,000. KBC Group NV grew its position in WaFd by 12.7% in the first quarter. KBC Group NV now owns 4,239 shares of the bank's stock worth $121,000 after acquiring an additional 477 shares in the last quarter. LPL Financial LLC grew its position in WaFd by 16.5% in the fourth quarter. LPL Financial LLC now owns 47,174 shares of the bank's stock worth $1,521,000 after acquiring an additional 6,682 shares in the last quarter. JPMorgan Chase & Co. grew its position in WaFd by 152.9% in the fourth quarter. JPMorgan Chase & Co. now owns 469,704 shares of the bank's stock worth $15,143,000 after acquiring an additional 283,953 shares in the last quarter. Finally, Vest Financial LLC purchased a new position in WaFd in the first quarter worth about $708,000. Institutional investors own 83.71% of the company's stock.

Analyst Ratings Changes

A number of brokerages have recently issued reports on WAFD. Piper Sandler upped their price target on WaFd from $30.00 to $31.00 and gave the stock a "neutral" rating in a research report on Monday. Wall Street Zen raised WaFd from a "sell" rating to a "hold" rating in a research report on Friday. Stephens upped their price target on WaFd from $32.00 to $33.00 and gave the stock an "equal weight" rating in a research report on Monday. DA Davidson boosted their price objective on shares of WaFd from $29.00 to $33.00 and gave the company a "neutral" rating in a report on Monday. Finally, Keefe, Bruyette & Woods increased their target price on shares of WaFd from $30.00 to $32.00 and gave the stock a "market perform" rating in a research note on Monday. Five research analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $32.25.

WaFd Trading Up 0.4%

WaFd stock traded up $0.11 during trading hours on Tuesday, reaching $30.01. The company had a trading volume of 613,139 shares, compared to its average volume of 536,535. The firm has a market cap of $2.41 billion, a price-to-earnings ratio of 11.41 and a beta of 0.84. WaFd, Inc. has a 12-month low of $23.75 and a 12-month high of $38.62. The company has a 50-day moving average price of $29.34 and a 200 day moving average price of $29.06. The company has a debt-to-equity ratio of 0.71, a current ratio of 0.98 and a quick ratio of 1.02.

WaFd (NASDAQ:WAFD - Get Free Report) last issued its quarterly earnings results on Thursday, July 17th. The bank reported $0.73 earnings per share for the quarter, topping the consensus estimate of $0.67 by $0.06. The firm 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%. Equities analysts forecast that WaFd, Inc. will post 2.56 earnings per share for the current year.

WaFd Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 6th. Stockholders of record on Friday, May 23rd were given a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 3.60%. The ex-dividend date was Friday, May 23rd. WaFd's dividend payout ratio is currently 41.06%.

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.