XTX Topco Ltd Takes Position in WaFd, Inc. (NASDAQ:WAFD)

Key Points

• XTX Topco Ltd has invested approximately $263,000 in WaFd, Inc., acquiring 9,213 shares during the first quarter of the year.
• WaFd's stock is currently trading at $29.68 with a market cap of $2.34 billion, and the company reported earnings per share of $0.73 exceeding analysts' expectations.
• Wall Street analysts recently upgraded WaFd's rating to "hold" and adjusted their price targets, with a consensus average target price of $32.25.

XTX Topco Ltd purchased a new position in WaFd, Inc. (NASDAQ:WAFD - Free Report) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 9,213 shares of the bank's stock, valued at approximately $263,000.

A number of other large investors also recently modified their holdings of WAFD. CANADA LIFE ASSURANCE Co grew its stake in shares of WaFd by 0.4% in the 4th quarter. CANADA LIFE ASSURANCE Co now owns 98,124 shares of the bank's stock worth $3,162,000 after purchasing an additional 433 shares during the last quarter. Summit Investment Advisors Inc. grew its stake in shares of 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. KBC Group NV grew its stake in shares of 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. TD Private Client Wealth LLC grew its stake in shares of WaFd by 35.2% in the 1st quarter. TD Private Client Wealth LLC now owns 2,002 shares of the bank's stock worth $57,000 after purchasing an additional 521 shares during the last quarter. Finally, Knights of Columbus Asset Advisors LLC grew its stake in shares of WaFd by 2.7% in the 1st quarter. Knights of Columbus Asset Advisors LLC now owns 39,664 shares of the bank's stock worth $1,134,000 after purchasing an additional 1,050 shares during the last quarter. 83.71% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

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

WaFd Stock Down 1.2%

WAFD traded down $0.37 during midday trading on Friday, hitting $30.69. 124,167 shares of the company's stock traded hands, compared to its average volume of 562,934. The company has a market cap of $2.42 billion, a PE ratio of 11.65 and a beta of 0.90. The stock's fifty day simple moving average is $29.63 and its 200-day simple moving average is $28.96. The company has a debt-to-equity ratio of 0.71, a current ratio of 0.98 and a quick ratio of 0.98. WaFd, Inc. has a one year low of $23.75 and a one year high of $38.62.

WaFd (NASDAQ:WAFD - Get Free Report) last issued its quarterly earnings data on Thursday, July 17th. The bank reported $0.73 earnings per share for the quarter, beating the consensus estimate of $0.67 by $0.06. The firm had revenue of $186.26 million for the quarter, compared to analyst estimates of $184.47 million. WaFd had a net margin of 15.57% and a return on equity of 8.57%. As a group, equities analysts anticipate that WaFd, Inc. will post 2.56 earnings per share for the current fiscal year.

WaFd Announces Dividend

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