WaFd's (WAFD) Equal Weight Rating Reiterated at Stephens

WaFd (NASDAQ:WAFD - Get Free Report)'s stock had its "equal weight" rating reiterated by investment analysts at Stephens in a report issued on Monday,Benzinga reports. They currently have a $29.00 target price on the bank's stock. Stephens' target price would indicate a potential upside of 3.46% from the company's previous close.

Other equities analysts also recently issued research reports about the stock. Keefe, Bruyette & Woods lowered their target price on shares of WaFd from $42.00 to $34.00 and set a "market perform" rating on the stock in a report on Tuesday, January 21st. StockNews.com upgraded shares of WaFd from a "sell" rating to a "hold" rating in a research note on Saturday, April 12th. Piper Sandler cut their price objective on WaFd from $37.00 to $31.00 and set a "neutral" rating for the company in a research report on Tuesday, January 21st. Finally, DA Davidson lowered WaFd from a "buy" rating to a "neutral" rating and dropped their price target for the company from $35.00 to $32.00 in a research note on Thursday, February 6th. Five equities research analysts have rated the stock with a hold rating, Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $30.50.

WaFd Stock Performance

WAFD stock traded up $0.51 during trading on Monday, reaching $28.03. The stock had a trading volume of 752,169 shares, compared to its average volume of 521,981. The firm has a market cap of $2.29 billion, a PE ratio of 12.92 and a beta of 0.79. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 1.05. The stock's 50 day moving average is $28.13 and its two-hundred day moving average is $31.81. WaFd has a 52 week low of $23.75 and a 52 week high of $38.62.

WaFd (NASDAQ:WAFD - Get Free Report) last issued its quarterly earnings results on Friday, April 11th. The bank reported $0.65 earnings per share for the quarter, beating the consensus estimate of $0.60 by $0.05. The business had revenue of $179.79 million for the quarter, compared to the consensus estimate of $184.17 million. WaFd had a net margin of 12.66% and a return on equity of 8.78%. As a group, equities analysts anticipate that WaFd will post 2.56 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Hennessy Advisors Inc. lifted its holdings in shares of WaFd by 10.5% in the 1st quarter. Hennessy Advisors Inc. now owns 105,000 shares of the bank's stock worth $3,001,000 after acquiring an additional 10,000 shares during the last quarter. SG Americas Securities LLC boosted its position in shares of WaFd by 270.4% during the first quarter. SG Americas Securities LLC now owns 37,379 shares of the bank's stock valued at $1,068,000 after buying an additional 27,288 shares during the period. Vest Financial LLC purchased a new position in shares of WaFd during the first quarter valued at approximately $708,000. Talbot Financial LLC grew its stake in shares of WaFd by 4.4% during the first quarter. Talbot Financial LLC now owns 77,586 shares of the bank's stock valued at $2,217,000 after buying an additional 3,288 shares during the last quarter. Finally, Rhumbline Advisers raised its holdings in shares of WaFd by 2.6% in the first quarter. Rhumbline Advisers now owns 236,909 shares of the bank's stock worth $6,771,000 after buying an additional 6,068 shares during the period. 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.