WaFd (NASDAQ:WAFD) Price Target Raised to $33.00

WaFd (NASDAQ:WAFD - Get Free Report) had its target price hoisted by analysts at Stephens from $32.00 to $33.00 in a research note issued to investors on Monday,Benzinga reports. The firm presently has an "equal weight" rating on the bank's stock. Stephens' price target indicates a potential upside of 10.26% from the company's current price.

Several other equities analysts have also weighed in on WAFD. Keefe, Bruyette & Woods reduced their price target on shares of WaFd from $32.00 to $30.00 and set a "market perform" rating for the company in a research report on Wednesday, April 16th. Wall Street Zen raised shares of WaFd from a "sell" rating to a "hold" rating in a report on Friday, July 18th. Five research analysts have rated the stock with a hold rating, According to MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $32.25.

WaFd Stock Down 1.0%

Shares of NASDAQ WAFD traded down $0.30 during trading on Monday, hitting $29.93. The stock had a trading volume of 133,448 shares, compared to its average volume of 568,761. WaFd has a 12 month low of $23.75 and a 12 month high of $38.62. The company has a debt-to-equity ratio of 0.71, a current ratio of 0.98 and a quick ratio of 1.02. The company has a market capitalization of $2.40 billion, a PE ratio of 11.38 and a beta of 0.84. The firm has a fifty day moving average of $29.36 and a two-hundred day moving average of $29.08.

WaFd (NASDAQ:WAFD - Get Free Report) last posted 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. The firm had revenue of $186.26 million during the quarter, compared to analyst estimates of $184.47 million. WaFd had a net margin of 15.57% and a return on equity of 8.57%. As a group, equities research analysts forecast that WaFd will post 2.56 EPS for the current fiscal year.

Institutional Investors Weigh In On WaFd

A number of institutional investors and hedge funds have recently modified their holdings of WAFD. Raymond James Financial Inc. purchased a new stake in shares of WaFd in the fourth quarter worth about $1,766,000. Swiss National Bank raised its stake in WaFd by 0.8% in the fourth quarter. Swiss National Bank now owns 159,726 shares of the bank's stock valued at $5,150,000 after purchasing an additional 1,300 shares in the last quarter. Envestnet Portfolio Solutions Inc. raised its stake in WaFd by 7.6% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 16,790 shares of the bank's stock valued at $541,000 after purchasing an additional 1,187 shares in the last quarter. Harbour Investments Inc. raised its stake in WaFd by 29.6% in the fourth quarter. Harbour Investments Inc. now owns 1,752 shares of the bank's stock valued at $56,000 after purchasing an additional 400 shares in the last quarter. Finally, Cibc World Markets Corp purchased a new stake in WaFd in the fourth quarter valued at approximately $202,000. 83.71% of the stock is owned by hedge funds and other institutional investors.

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.