WaFd, Inc (NASDAQ:WAFD) Stock Position Lifted by Systematic Financial Management LP

Systematic Financial Management LP grew its holdings in shares of WaFd, Inc (NASDAQ:WAFD - Free Report) by 5.2% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,506,368 shares of the bank's stock after purchasing an additional 73,845 shares during the period. WaFd makes up approximately 1.2% of Systematic Financial Management LP's investment portfolio, making the stock its 12th largest holding. Systematic Financial Management LP owned 1.85% of WaFd worth $48,565,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also modified their holdings of WAFD. Rafferty Asset Management LLC increased its stake in shares of WaFd by 18.7% during the fourth quarter. Rafferty Asset Management LLC now owns 107,324 shares of the bank's stock valued at $3,460,000 after acquiring an additional 16,942 shares during the period. Millennium Management LLC acquired a new position in shares of WaFd during the 4th quarter valued at $950,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of WaFd by 4.0% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 38,002 shares of the bank's stock worth $1,225,000 after buying an additional 1,454 shares in the last quarter. Deutsche Bank AG lifted its holdings in shares of WaFd by 60.0% in the fourth quarter. Deutsche Bank AG now owns 56,886 shares of the bank's stock valued at $1,834,000 after buying an additional 21,334 shares during the period. Finally, EP Wealth Advisors LLC boosted its stake in WaFd by 14.5% during the fourth quarter. EP Wealth Advisors LLC now owns 11,428 shares of the bank's stock valued at $368,000 after buying an additional 1,444 shares in the last quarter. 83.71% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

WAFD has been the subject of a number of research analyst reports. Keefe, Bruyette & Woods cut their price target on shares of 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 raised shares of WaFd from a "sell" rating to a "hold" rating in a research note on Saturday, April 12th. Stephens restated an "equal weight" rating and issued a $29.00 price target on shares of WaFd in a research report on Monday, April 14th. Finally, DA Davidson cut 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 report on Thursday, February 6th. Five investment analysts have rated the stock with a hold rating, According to data from MarketBeat.com, WaFd has an average rating of "Hold" and a consensus price target of $30.50.

WaFd Trading Up 0.6%

WAFD stock traded up $0.17 during mid-day trading on Thursday, reaching $28.91. 191,486 shares of the stock traded hands, compared to its average volume of 534,292. WaFd, Inc has a 52-week low of $23.75 and a 52-week high of $38.62. The stock's fifty day moving average is $28.05 and its 200-day moving average is $30.89. The company has a market cap of $2.32 billion, a P/E ratio of 13.33 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 (NASDAQ:WAFD - Get Free Report) last issued its quarterly earnings results on Friday, April 11th. The bank reported $0.65 EPS for the quarter, beating the consensus estimate of $0.60 by $0.05. WaFd had a net margin of 12.66% and a return on equity of 8.78%. The business had revenue of $179.79 million during the quarter, compared to the consensus estimate of $184.17 million. As a group, sell-side analysts expect that WaFd, Inc will post 2.56 earnings per share for the current year.

WaFd Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 6th. Stockholders of record on Friday, May 23rd will be issued a dividend of $0.27 per share. The ex-dividend date is Friday, May 23rd. This represents a $1.08 dividend on an annualized basis and a dividend yield of 3.74%. WaFd's dividend payout ratio is 40.75%.

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.