What is DA Davidson's Forecast for WaFd FY2025 Earnings?

WaFd, Inc. (NASDAQ:WAFD - Free Report) - Analysts at DA Davidson upped their FY2025 EPS estimates for WaFd in a research report issued to clients and investors on Monday, July 21st. DA Davidson analyst J. Rulis now anticipates that the bank will post earnings per share of $2.75 for the year, up from their prior forecast of $2.63. DA Davidson has a "Neutral" rating and a $33.00 price objective on the stock. The consensus estimate for WaFd's current full-year earnings is $2.56 per share.

WaFd (NASDAQ:WAFD - Get Free Report) last issued its earnings results on Thursday, July 17th. The bank reported $0.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.67 by $0.06. WaFd had a net margin of 15.57% and a return on equity of 8.57%. The firm had revenue of $186.26 million for the quarter, compared to analysts' expectations of $184.47 million.

WAFD has been the topic of several other research reports. Wall Street Zen upgraded shares of WaFd from a "sell" rating to a "hold" rating in a report on Friday, July 18th. Stephens raised their price target on WaFd from $32.00 to $33.00 and gave the stock an "equal weight" rating in a research note on Monday, July 21st. Keefe, Bruyette & Woods raised their price target on WaFd from $30.00 to $32.00 and gave the stock a "market perform" rating in a research note on Monday, July 21st. Finally, Piper Sandler raised their price target on WaFd from $30.00 to $31.00 and gave the stock a "neutral" rating in a research note on Monday, July 21st. Five investment analysts have rated the stock with a hold rating, According to MarketBeat.com, WaFd currently has a consensus rating of "Hold" and a consensus price target of $32.25.

WaFd Trading Up 0.7%

Shares of WaFd stock traded up $0.21 on Wednesday, hitting $29.74. The stock had a trading volume of 483,372 shares, compared to its average volume of 545,266. The company has a quick ratio of 1.02, a current ratio of 0.98 and a debt-to-equity ratio of 0.71. WaFd has a one year low of $23.75 and a one year high of $38.62. The stock has a market cap of $2.38 billion, a price-to-earnings ratio of 11.31 and a beta of 0.84. The stock's 50-day simple moving average is $29.35 and its two-hundred day simple moving average is $29.04.

WaFd Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 6th. Shareholders of record on Friday, May 23rd were given a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a yield of 3.63%. The ex-dividend date was Friday, May 23rd. WaFd's dividend payout ratio is currently 41.06%.

Hedge Funds Weigh In On WaFd

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Brooklyn Investment Group bought a new position in shares of WaFd during the first quarter valued at $28,000. Aster Capital Management DIFC Ltd increased its holdings in shares of WaFd by 983.5% during the fourth quarter. Aster Capital Management DIFC Ltd now owns 1,116 shares of the bank's stock valued at $36,000 after acquiring an additional 1,013 shares in the last quarter. Harbour Investments Inc. increased its holdings in shares of WaFd by 29.6% during the fourth quarter. Harbour Investments Inc. now owns 1,752 shares of the bank's stock valued at $56,000 after acquiring an additional 400 shares in the last quarter. TD Private Client Wealth LLC increased its holdings in shares of WaFd by 35.2% during the first quarter. TD Private Client Wealth LLC now owns 2,002 shares of the bank's stock valued at $57,000 after acquiring an additional 521 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd increased its holdings in shares of WaFd by 232.4% during the first quarter. Caitong International Asset Management Co. Ltd now owns 1,978 shares of the bank's stock valued at $57,000 after acquiring an additional 1,383 shares in the last quarter. Hedge funds and other 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.