WaFd, Inc (NASDAQ:WAFD) Shares Purchased by Rhino Investment Partners Inc

Rhino Investment Partners Inc grew its position in WaFd, Inc (NASDAQ:WAFD - Free Report) by 344.3% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 454,343 shares of the bank's stock after acquiring an additional 352,076 shares during the quarter. WaFd accounts for 3.2% of Rhino Investment Partners Inc's portfolio, making the stock its 14th biggest holding. Rhino Investment Partners Inc owned approximately 0.56% of WaFd worth $14,648,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Aster Capital Management DIFC Ltd raised its stake in shares of WaFd by 983.5% in 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 during the period. McIlrath & Eck LLC lifted its stake in shares of WaFd by 112.7% during the 3rd quarter. McIlrath & Eck LLC now owns 1,323 shares of the bank's stock worth $46,000 after acquiring an additional 701 shares during the last quarter. Harbour Investments Inc. grew its position in WaFd by 29.6% in the 4th quarter. Harbour Investments Inc. now owns 1,752 shares of the bank's stock valued at $56,000 after acquiring an additional 400 shares during the last quarter. Blue Trust Inc. lifted its position in shares of WaFd by 68.4% during the fourth quarter. Blue Trust Inc. now owns 2,000 shares of the bank's stock worth $70,000 after purchasing an additional 812 shares during the last quarter. Finally, US Bancorp DE grew its holdings in shares of WaFd by 136.7% in the fourth quarter. US Bancorp DE now owns 3,638 shares of the bank's stock worth $117,000 after purchasing an additional 2,101 shares during the last quarter. 83.71% of the stock is currently owned by institutional investors.

WaFd Price Performance

WAFD stock traded down $0.27 during trading on Tuesday, hitting $28.60. The stock had a trading volume of 79,948 shares, compared to its average volume of 524,364. WaFd, Inc has a twelve month low of $23.75 and a twelve month high of $38.62. The company's 50-day moving average price is $27.87 and its two-hundred day moving average price is $31.25. The company has a debt-to-equity ratio of 1.05, a current ratio of 1.04 and a quick ratio of 1.04. The stock has a market capitalization of $2.33 billion, a P/E ratio of 13.16 and a beta of 0.85.

WaFd (NASDAQ:WAFD - Get Free Report) last posted its quarterly earnings data on Friday, April 11th. The bank reported $0.65 EPS for the quarter, beating the consensus estimate of $0.60 by $0.05. The firm had revenue of $179.79 million during the quarter, compared to the consensus estimate of $184.17 million. WaFd had a return on equity of 8.78% and a net margin of 12.66%. As a group, research analysts predict that WaFd, Inc will post 2.56 EPS for the current fiscal year.

WaFd Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 7th. Stockholders of record on Friday, February 21st were paid a $0.27 dividend. This represents a $1.08 annualized dividend and a dividend yield of 3.78%. The ex-dividend date of this dividend was Friday, February 21st. This is a boost from WaFd's previous quarterly dividend of $0.26. WaFd's dividend payout ratio (DPR) is presently 40.75%.

Analyst Ratings Changes

Several research analysts have commented on WAFD shares. Keefe, Bruyette & Woods reduced their price objective on WaFd from $32.00 to $30.00 and set a "market perform" rating on the stock in a report on Wednesday, April 16th. Piper Sandler decreased their target price on shares of WaFd from $37.00 to $31.00 and set a "neutral" rating for the company in a research report on Tuesday, January 21st. Stephens restated an "equal weight" rating and issued a $29.00 price objective on shares of WaFd in a research report on Monday, April 14th. StockNews.com raised shares of WaFd from a "sell" rating to a "hold" rating in a report on Saturday, April 12th. Finally, DA Davidson lowered WaFd from a "buy" rating to a "neutral" rating and cut their price target for the company from $35.00 to $32.00 in a research note on Thursday, February 6th. Five analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $30.50.

WaFd Profile

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.