WaFd, Inc (NASDAQ:WAFD) Shares Sold by State of Tennessee Department of Treasury

State of Tennessee Department of Treasury decreased its holdings in WaFd, Inc (NASDAQ:WAFD - Free Report) by 63.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 19,495 shares of the bank's stock after selling 34,237 shares during the period. State of Tennessee Department of Treasury's holdings in WaFd were worth $629,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of the company. Aster Capital Management DIFC Ltd grew 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 buying an additional 1,013 shares in the last quarter. Harbour Investments Inc. lifted 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 purchasing an additional 400 shares during the last quarter. Blue Trust Inc. lifted 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 in the last quarter. US Bancorp DE raised its position in shares of WaFd by 136.7% in the fourth quarter. US Bancorp DE now owns 3,638 shares of the bank's stock valued at $117,000 after purchasing an additional 2,101 shares during the period. Finally, KBC Group NV increased its stake in WaFd by 34.5% in the fourth quarter. KBC Group NV now owns 3,762 shares of the bank's stock valued at $121,000 after acquiring an additional 965 shares during the period. 83.71% of the stock is currently owned by institutional investors and hedge funds.

WaFd Trading Down 0.8 %

Shares of WAFD traded down $0.23 during mid-day trading on Friday, reaching $28.81. The company's stock had a trading volume of 109,722 shares, compared to its average volume of 527,350. The company's fifty day moving average price is $27.81 and its two-hundred day moving average price is $31.18. The stock has a market cap of $2.35 billion, a PE ratio of 13.28 and a beta of 0.85. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 1.05. WaFd, Inc has a 52 week low of $23.75 and a 52 week high of $38.62.

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

WaFd Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 7th. Shareholders of record on Friday, February 21st were paid a dividend of $0.27 per share. The ex-dividend date was Friday, February 21st. This represents a $1.08 dividend on an annualized basis and a yield of 3.75%. This is an increase from WaFd's previous quarterly dividend of $0.26. WaFd's payout ratio is 40.75%.

Wall Street Analyst Weigh In

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