Stephens Issues Positive Forecast for WaFd (NASDAQ:WAFD) Stock Price

WaFd (NASDAQ:WAFD - Get Free Report) had its price target lifted by stock analysts at Stephens from $32.00 to $33.00 in a research report issued to clients and investors on Monday,Benzinga reports. The brokerage currently has an "equal weight" rating on the bank's stock. Stephens' price target would suggest a potential upside of 11.00% from the company's previous close.

A number of other analysts have also issued reports on the company. Keefe, Bruyette & Woods lowered their price target on WaFd from $32.00 to $30.00 and set a "market perform" rating for the company in a report on Wednesday, April 16th. Wall Street Zen upgraded WaFd from a "sell" rating to a "hold" rating in a report on Friday. Five equities research analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $31.50.

WaFd Trading Down 0.0%

WAFD opened at $29.73 on Monday. The stock has a market cap of $2.38 billion, a price-to-earnings ratio of 11.30 and a beta of 0.84. The stock's 50 day moving average price is $29.34 and its 200-day moving average price is $29.08. WaFd has a one year low of $23.75 and a one year high of $38.62. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.02 and a current ratio of 0.98.

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

Hedge Funds Weigh In On WaFd

A number of large investors have recently made changes to their positions in the business. State of Alaska Department of Revenue increased its position in shares of WaFd by 5.6% during the second quarter. State of Alaska Department of Revenue now owns 47,706 shares of the bank's stock worth $1,396,000 after purchasing an additional 2,519 shares in the last quarter. Public Employees Retirement System of Ohio increased its position in shares of WaFd by 471.0% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 9,632 shares of the bank's stock valued at $282,000 after acquiring an additional 7,945 shares during the period. IMS Capital Management acquired a new position in shares of WaFd in the 2nd quarter valued at $281,000. GAMMA Investing LLC increased its position in shares of WaFd by 83.0% in the 2nd quarter. GAMMA Investing LLC now owns 2,597 shares of the bank's stock valued at $76,000 after acquiring an additional 1,178 shares during the period. Finally, Marshall & Sullivan Inc. WA acquired a new position in shares of WaFd in the 2nd quarter valued at $113,000. 83.71% of the stock is owned by institutional investors and hedge funds.

WaFd Company 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.

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