Rhino Investment Partners Inc raised its position in shares of WaFd, Inc (NASDAQ:WAFD - Free Report) by 344.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 454,343 shares of the bank's stock after buying an additional 352,076 shares during the quarter. WaFd comprises 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 reporting period.
Several other hedge funds have also recently made changes to their positions in WAFD. Aster Capital Management DIFC Ltd increased its stake in WaFd by 983.5% in the 4th quarter. Aster Capital Management DIFC Ltd now owns 1,116 shares of the bank's stock worth $36,000 after buying an additional 1,013 shares during the period. McIlrath & Eck LLC raised its stake in WaFd by 112.7% in the third quarter. McIlrath & Eck LLC now owns 1,323 shares of the bank's stock valued at $46,000 after buying an additional 701 shares during the last quarter. Harbour Investments Inc. grew its position in WaFd by 29.6% during the 4th quarter. Harbour Investments Inc. now owns 1,752 shares of the bank's stock worth $56,000 after purchasing an additional 400 shares during the last quarter. Blue Trust Inc. increased its position in shares of WaFd by 68.4% in the 4th quarter. Blue Trust Inc. now owns 2,000 shares of the bank's stock valued at $70,000 after acquiring an additional 812 shares during the period. Finally, US Bancorp DE raised its stake 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 hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
A number of equities research analysts have recently commented on the company. Keefe, Bruyette & Woods dropped their target price 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. StockNews.com upgraded WaFd from a "sell" rating to a "hold" rating in a research report on Saturday, April 12th. DA Davidson downgraded shares of WaFd from a "buy" rating to a "neutral" rating and reduced their target price for the stock from $35.00 to $32.00 in a research note on Thursday, February 6th. Stephens restated an "equal weight" rating and set a $29.00 price target on shares of WaFd in a research note on Monday, April 14th. Finally, Piper Sandler reduced their price objective on shares of WaFd from $37.00 to $31.00 and set a "neutral" rating on the stock in a report on Tuesday, January 21st. Five investment analysts have rated the stock with a hold rating, According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $30.50.
View Our Latest Report on WaFd
WaFd Price Performance
WAFD stock traded up $0.48 on Friday, reaching $29.08. The company had a trading volume of 346,151 shares, compared to its average volume of 526,621. The company's fifty day moving average is $27.88 and its 200 day moving average is $31.34. The company has a market cap of $2.37 billion, a P/E ratio of 13.40 and a beta of 0.79. The company has a debt-to-equity ratio of 1.05, a quick ratio of 1.04 and a current ratio of 1.04. WaFd, Inc has a 1 year low of $23.75 and a 1 year high of $38.62.
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 analysts' consensus estimates of $0.60 by $0.05. WaFd had a return on equity of 8.78% and a net margin of 12.66%. The business had revenue of $179.79 million for the quarter, compared to analyst estimates of $184.17 million. On average, research analysts forecast that WaFd, Inc will post 2.56 earnings per share for the current year.
WaFd Increases Dividend
The company also recently disclosed a quarterly dividend, which was paid on Friday, March 7th. Stockholders of record on Friday, February 21st were given a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 3.71%. The ex-dividend date of this dividend was Friday, February 21st. This is a positive change from WaFd's previous quarterly dividend of $0.26. WaFd's payout ratio is currently 40.75%.
WaFd Profile
(
Free Report)
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.
See Also
Before you consider WaFd, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and WaFd wasn't on the list.
While WaFd currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
If a company's CEO, COO, and CFO were all selling shares of their stock, would you want to know? MarketBeat just compiled its list of the twelve stocks that corporate insiders are abandoning. Complete the form below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
