FY2025 Earnings Forecast for WaFd, Inc Issued By DA Davidson (NASDAQ:WAFD)

WaFd, Inc (NASDAQ:WAFD - Free Report) - Equities research analysts at DA Davidson dropped their FY2025 earnings estimates for WaFd in a report issued on Wednesday, April 24th. DA Davidson analyst J. Rulis now anticipates that the bank will post earnings of $3.20 per share for the year, down from their previous estimate of $3.65. DA Davidson has a "Buy" rating and a $35.00 price objective on the stock. The consensus estimate for WaFd's current full-year earnings is $2.58 per share.

Other research analysts also recently issued reports about the stock. Keefe, Bruyette & Woods reduced their target price on shares of WaFd from $37.00 to $35.00 and set an "outperform" rating for the company in a research report on Thursday, January 18th. Stephens reissued an "equal weight" rating and issued a $32.00 price target on shares of WaFd in a report on Tuesday. Finally, StockNews.com cut shares of WaFd from a "hold" rating to a "sell" rating in a research report on Thursday, March 21st.

WaFd Stock Down 0.0 %

Shares of NASDAQ WAFD traded down $0.01 during mid-day trading on Friday, reaching $27.91. 259,241 shares of the company's stock traded hands, compared to its average volume of 367,050. WaFd has a 1-year low of $23.36 and a 1-year high of $34.07. The stock has a market cap of $1.81 billion, a P/E ratio of 10.61 and a beta of 0.85. The business has a 50-day simple moving average of $27.74 and a 200 day simple moving average of $28.33. The company has a debt-to-equity ratio of 1.80, a current ratio of 1.15 and a quick ratio of 1.15.

Hedge Funds Weigh In On WaFd

Hedge funds and other institutional investors have recently bought and sold shares of the business. Lakeside Advisors INC. grew its stake in shares of WaFd by 6.7% during the 3rd quarter. Lakeside Advisors INC. now owns 8,718 shares of the bank's stock worth $223,000 after purchasing an additional 546 shares during the period. Commonwealth Equity Services LLC grew its stake in shares of WaFd by 28.6% during the 3rd quarter. Commonwealth Equity Services LLC now owns 25,099 shares of the bank's stock worth $643,000 after purchasing an additional 5,580 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in WaFd by 23.8% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 11,616 shares of the bank's stock valued at $298,000 after acquiring an additional 2,230 shares during the period. Hennion & Walsh Asset Management Inc. grew its stake in WaFd by 10.5% in the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 8,961 shares of the bank's stock valued at $230,000 after acquiring an additional 853 shares during the period. Finally, Panagora Asset Management Inc. acquired a new stake in WaFd in the 3rd quarter valued at $3,732,000. Institutional investors and hedge funds own 83.71% of the company's stock.

WaFd Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 8th. Shareholders of record on Friday, February 23rd were given a dividend of $0.26 per share. This is a boost from WaFd's previous quarterly dividend of $0.25. The ex-dividend date was Thursday, February 22nd. This represents a $1.04 dividend on an annualized basis and a yield of 3.73%. WaFd's payout ratio is 39.54%.

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.