Foundry Partners LLC Makes New $4.04 Million Investment in WaFd, Inc (NASDAQ:WAFD)

Foundry Partners LLC bought a new position in WaFd, Inc (NASDAQ:WAFD - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 122,412 shares of the bank's stock, valued at approximately $4,035,000. Foundry Partners LLC owned 0.19% of WaFd at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the company. Knights of Columbus Asset Advisors LLC raised its position in shares of WaFd by 94.6% in the 4th quarter. Knights of Columbus Asset Advisors LLC now owns 175,039 shares of the bank's stock worth $5,769,000 after buying an additional 85,073 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its position in WaFd by 26.8% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 14,730 shares of the bank's stock valued at $486,000 after purchasing an additional 3,114 shares during the period. Louisiana State Employees Retirement System purchased a new position in WaFd in the fourth quarter valued at about $1,068,000. Sequoia Financial Advisors LLC purchased a new position in WaFd in the fourth quarter valued at about $253,000. Finally, Mirae Asset Global Investments Co. Ltd. raised its position in WaFd by 4.4% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 29,496 shares of the bank's stock valued at $972,000 after purchasing an additional 1,250 shares during the period. 83.71% of the stock is owned by hedge funds and other institutional investors.

WaFd Stock Up 0.8 %

NASDAQ:WAFD traded up $0.21 during mid-day trading on Monday, reaching $28.11. The stock had a trading volume of 368,488 shares, compared to its average volume of 362,002. The company has a market capitalization of $1.82 billion, a price-to-earnings ratio of 8.24 and a beta of 0.85. WaFd, Inc has a 1-year low of $23.36 and a 1-year high of $34.07. The stock's 50 day simple moving average is $27.76 and its two-hundred day simple moving average is $28.29. The company has a debt-to-equity ratio of 1.80, a current ratio of 1.15 and a quick ratio of 1.15.

WaFd Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 8th. Shareholders of record on Friday, February 23rd were paid a $0.26 dividend. This is an increase from WaFd's previous quarterly dividend of $0.25. This represents a $1.04 dividend on an annualized basis and a yield of 3.70%. The ex-dividend date of this dividend was Thursday, February 22nd. WaFd's payout ratio is presently 30.50%.

Wall Street Analyst Weigh In

Several research analysts have commented on the company. StockNews.com lowered WaFd from a "hold" rating to a "sell" rating in a research report on Thursday, March 21st. DA Davidson reissued a "buy" rating and issued a $35.00 price objective on shares of WaFd in a research report on Thursday, April 11th. Stephens restated an "equal weight" rating and set a $35.00 target price on shares of WaFd in a research note on Wednesday, January 17th. Finally, Keefe, Bruyette & Woods lowered their target price on WaFd from $37.00 to $35.00 and set an "outperform" rating for the company in a research note on Thursday, January 18th.

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.