Bridgeway Capital Management LLC Has $13.55 Million Stock Holdings in WaFd, Inc. $WAFD

Key Points

• Bridgeway Capital Management LLC increased its stake in WaFd, Inc. by 5.8%, owning 474,161 shares valued at $13.55 million as of its latest SEC filing.
• WaFd recently announced a quarterly dividend of $0.27, providing an annualized yield of 3.4%, with an ex-dividend date of August 22nd.
• Analysts have raised their target prices for WaFd, with a consensus rating of "Hold" and an average target price of $32.25.

Bridgeway Capital Management LLC boosted its holdings in shares of WaFd, Inc. (NASDAQ:WAFD - Free Report) by 5.8% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 474,161 shares of the bank's stock after purchasing an additional 25,945 shares during the quarter. Bridgeway Capital Management LLC owned approximately 0.59% of WaFd worth $13,552,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Comerica Bank boosted its holdings in WaFd by 0.5% in the first quarter. Comerica Bank now owns 69,180 shares of the bank's stock worth $1,977,000 after purchasing an additional 376 shares during the period. PNC Financial Services Group Inc. boosted its stake in WaFd by 3.5% during the 1st quarter. PNC Financial Services Group Inc. now owns 13,892 shares of the bank's stock valued at $397,000 after purchasing an additional 468 shares during the period. KBC Group NV grew 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 buying an additional 477 shares in the last quarter. TD Private Client Wealth LLC increased its holdings in shares of WaFd by 35.2% during the first 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. Finally, Neuberger Berman Group LLC increased its stake in WaFd by 4.7% during the 1st quarter. Neuberger Berman Group LLC now owns 12,164 shares of the bank's stock valued at $348,000 after buying an additional 549 shares during the period. 83.71% of the stock is currently owned by hedge funds and other institutional investors.

WaFd Trading Down 0.6%

Shares of NASDAQ:WAFD traded down $0.18 during mid-day trading on Tuesday, hitting $31.28. The stock had a trading volume of 114,568 shares, compared to its average volume of 541,152. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.98 and a current ratio of 0.98. The company has a market cap of $2.46 billion, a PE ratio of 11.88 and a beta of 0.93. WaFd, Inc. has a 12-month low of $23.75 and a 12-month high of $38.62. The company's 50 day moving average is $30.52 and its 200-day moving average is $29.11.

WaFd (NASDAQ:WAFD - Get Free Report) last posted its quarterly earnings data 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 analysts' expectations of $184.47 million. WaFd had a net margin of 15.57% and a return on equity of 8.57%. On average, sell-side analysts predict that WaFd, Inc. will post 2.56 EPS for the current year.

WaFd Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 5th. Investors of record on Friday, August 22nd were paid a $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 3.5%. The ex-dividend date of this dividend was Friday, August 22nd. WaFd's dividend payout ratio is currently 41.06%.

Analyst Upgrades and Downgrades

Several brokerages recently commented on WAFD. Wall Street Zen raised WaFd from a "sell" rating to a "hold" rating in a report on Friday, July 18th. DA Davidson boosted their price objective on WaFd from $29.00 to $33.00 and gave the stock a "neutral" rating in a research note on Monday, July 21st. Stephens upped their price objective on WaFd from $32.00 to $33.00 and gave the company an "equal weight" rating in a report on Monday, July 21st. Keefe, Bruyette & Woods raised their target price on WaFd from $30.00 to $32.00 and gave the company a "market perform" rating in a research note on Monday, July 21st. Finally, Piper Sandler boosted their price target on shares of WaFd from $30.00 to $31.00 and gave the stock a "neutral" rating in a research report on Monday, July 21st. Four research analysts have rated the stock with a Hold rating, According to MarketBeat, WaFd currently has a consensus rating of "Hold" and a consensus target price of $32.25.

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.