Piper Sandler Increases WaFd (NASDAQ:WAFD) Price Target to $31.00

WaFd (NASDAQ:WAFD - Get Free Report) had its price target increased by investment analysts at Piper Sandler from $30.00 to $31.00 in a research report issued to clients and investors on Monday,Benzinga reports. The brokerage presently has a "neutral" rating on the bank's stock. Piper Sandler's target price would indicate a potential upside of 2.83% from the stock's current price.

Other analysts have also recently issued reports about the company. Stephens upped their price target on WaFd from $32.00 to $33.00 and gave the company an "equal weight" rating in a research report on Monday. Keefe, Bruyette & Woods lowered their price target on WaFd from $32.00 to $30.00 and set a "market perform" rating on the stock in a research report on Wednesday, April 16th. Finally, Wall Street Zen upgraded WaFd from a "sell" rating to a "hold" rating in a research note on Friday. Five analysts have rated the stock with a hold rating, According to MarketBeat, WaFd has an average rating of "Hold" and a consensus target price of $32.00.

WaFd Stock Performance

Shares of NASDAQ WAFD traded up $0.42 during trading hours on Monday, reaching $30.15. The stock had a trading volume of 123,130 shares, compared to its average volume of 567,359. The business's fifty day moving average is $29.34 and its two-hundred day moving average is $29.08. The company has a debt-to-equity ratio of 0.71, a current ratio of 0.98 and a quick ratio of 1.02. The company has a market cap of $2.42 billion, a price-to-earnings ratio of 11.46 and a beta of 0.84. WaFd has a twelve month low of $23.75 and a twelve month high of $38.62.

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

Hedge Funds Weigh In On WaFd

Several hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its holdings in WaFd by 1.8% in the fourth quarter. Vanguard Group Inc. now owns 9,420,004 shares of the bank's stock valued at $303,701,000 after acquiring an additional 166,931 shares during the last quarter. Fuller & Thaler Asset Management Inc. boosted its holdings in WaFd by 1.2% in the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 3,696,480 shares of the bank's stock valued at $119,175,000 after acquiring an additional 42,096 shares during the last quarter. American Century Companies Inc. boosted its holdings in WaFd by 9.8% during the first quarter. American Century Companies Inc. now owns 1,948,534 shares of the bank's stock worth $55,689,000 after buying an additional 174,453 shares during the last quarter. Systematic Financial Management LP boosted its holdings in WaFd by 1.7% during the first quarter. Systematic Financial Management LP now owns 1,531,327 shares of the bank's stock worth $43,765,000 after buying an additional 24,959 shares during the last quarter. Finally, Invesco Ltd. boosted its holdings in WaFd by 124.3% during the first quarter. Invesco Ltd. now owns 1,107,097 shares of the bank's stock worth $31,641,000 after buying an additional 613,596 shares during the last quarter. Institutional investors 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.

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