WaFd (NASDAQ:WAFD) Stock Rating Reaffirmed by Stephens

WaFd (NASDAQ:WAFD - Get Free Report)'s stock had its "equal weight" rating reissued by research analysts at Stephens in a research note issued on Tuesday, Benzinga reports. They currently have a $32.00 price objective on the bank's stock. Stephens' target price indicates a potential upside of 11.93% from the company's previous close.

Several other equities analysts have also commented on WAFD. StockNews.com lowered WaFd from a "hold" rating to a "sell" rating in a report on Thursday, March 21st. Keefe, Bruyette & Woods cut their target price on WaFd from $37.00 to $35.00 and set an "outperform" rating for the company in a research report on Thursday, January 18th. Finally, DA Davidson restated a "buy" rating and issued a $35.00 target price on shares of WaFd in a research report on Thursday, April 11th.

WaFd Stock Performance

Shares of NASDAQ:WAFD traded up $0.48 during trading on Tuesday, hitting $28.59. 733,841 shares of the company traded hands, compared to its average volume of 366,768. The stock has a market capitalization of $1.85 billion, a price-to-earnings ratio of 8.38 and a beta of 0.85. The business's fifty day moving average is $27.77 and its 200-day moving average is $28.32. WaFd has a one year low of $23.36 and a one year high of $34.07. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 1.80.

Institutional Investors Weigh In On WaFd

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Lakeside Advisors INC. lifted its position in shares of WaFd by 6.7% during the 3rd quarter. Lakeside Advisors INC. now owns 8,718 shares of the bank's stock valued at $223,000 after acquiring an additional 546 shares during the last quarter. PNC Financial Services Group Inc. lifted its position in shares of WaFd by 5.8% during the 4th quarter. PNC Financial Services Group Inc. now owns 12,054 shares of the bank's stock valued at $397,000 after acquiring an additional 661 shares during the last quarter. Victory Capital Management Inc. raised its stake in WaFd by 2.9% during the 3rd quarter. Victory Capital Management Inc. now owns 25,853 shares of the bank's stock valued at $662,000 after purchasing an additional 739 shares during the period. Hennion & Walsh Asset Management Inc. lifted its holdings in shares of WaFd by 10.5% in the third quarter. Hennion & Walsh Asset Management Inc. now owns 8,961 shares of the bank's stock valued at $230,000 after purchasing an additional 853 shares in the last quarter. Finally, Hennessy Advisors Inc. lifted its holdings in shares of WaFd by 1.0% in the first quarter. Hennessy Advisors Inc. now owns 101,000 shares of the bank's stock valued at $2,932,000 after purchasing an additional 1,000 shares in the last quarter. Institutional investors and hedge funds own 83.71% of the company's stock.

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.