Charles Schwab Investment Management Inc. Grows Stock Position in WaFd, Inc (NASDAQ:WAFD)

Charles Schwab Investment Management Inc. grew its position in shares of WaFd, Inc (NASDAQ:WAFD - Free Report) by 7.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,030,035 shares of the bank's stock after purchasing an additional 73,345 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 1.59% of WaFd worth $33,950,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of the company. Fuller & Thaler Asset Management Inc. grew its position in WaFd by 9.6% during the 3rd quarter. Fuller & Thaler Asset Management Inc. now owns 2,201,972 shares of the bank's stock worth $56,415,000 after acquiring an additional 192,061 shares during the last quarter. Foundry Partners LLC bought a new position in WaFd during the 4th quarter worth approximately $4,035,000. Knights of Columbus Asset Advisors LLC grew its position in WaFd by 94.6% during the 4th quarter. Knights of Columbus Asset Advisors LLC now owns 175,039 shares of the bank's stock worth $5,769,000 after acquiring an additional 85,073 shares during the last quarter. American Century Companies Inc. grew its position in WaFd by 12.6% during the 3rd quarter. American Century Companies Inc. now owns 699,766 shares of the bank's stock worth $17,928,000 after acquiring an additional 78,457 shares during the last quarter. Finally, Illinois Municipal Retirement Fund bought a new position in WaFd during the 3rd quarter worth approximately $984,000. 83.71% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. StockNews.com lowered WaFd from a "hold" rating to a "sell" rating in a research report on Thursday, March 21st. Piper Sandler raised their price target on WaFd from $29.00 to $31.00 and gave the stock a "neutral" rating in a research report on Monday. Stephens reiterated an "equal weight" rating and issued a $32.00 price objective on shares of WaFd in a report on Tuesday, April 23rd. Finally, DA Davidson reiterated a "buy" rating and issued a $35.00 price objective on shares of WaFd in a report on Thursday, April 11th. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company's stock. According to data from MarketBeat, WaFd currently has a consensus rating of "Hold" and an average target price of $33.25.

WaFd Trading Down 0.8 %

NASDAQ WAFD traded down $0.22 on Wednesday, hitting $28.72. The company's stock had a trading volume of 367,798 shares, compared to its average volume of 362,909. WaFd, Inc has a 52-week low of $23.36 and a 52-week high of $34.07. The company has a current ratio of 1.17, a quick ratio of 1.03 and a debt-to-equity ratio of 2.07. The company's 50-day simple moving average is $28.04 and its 200 day simple moving average is $28.79. The firm has a market cap of $2.34 billion, a P/E ratio of 11.00 and a beta of 0.84.

WaFd (NASDAQ:WAFD - Get Free Report) last released its earnings results on Monday, April 22nd. The bank reported $0.73 EPS for the quarter, beating analysts' consensus estimates of $0.31 by $0.42. The company had revenue of $171.99 million during the quarter, compared to analysts' expectations of $170.74 million. WaFd had a return on equity of 10.02% and a net margin of 15.33%. The firm's revenue for the quarter was down 7.1% compared to the same quarter last year. During the same quarter last year, the business posted $0.95 EPS. Research analysts predict that WaFd, Inc will post 2.75 EPS for the current fiscal year.

WaFd Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 7th. Stockholders of record on Friday, May 24th will be paid a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 3.62%. The ex-dividend date of this dividend is Thursday, May 23rd. WaFd's payout ratio is presently 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.