Systematic Financial Management LP Purchases 73,845 Shares of WaFd, Inc (NASDAQ:WAFD)

Systematic Financial Management LP boosted its holdings in shares of WaFd, Inc (NASDAQ:WAFD - Free Report) by 5.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,506,368 shares of the bank's stock after purchasing an additional 73,845 shares during the quarter. WaFd comprises approximately 1.2% of Systematic Financial Management LP's holdings, making the stock its 12th largest position. Systematic Financial Management LP owned about 1.85% of WaFd worth $48,565,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Aster Capital Management DIFC Ltd lifted its position in WaFd by 983.5% in the fourth quarter. Aster Capital Management DIFC Ltd now owns 1,116 shares of the bank's stock worth $36,000 after purchasing an additional 1,013 shares during the period. Harbour Investments Inc. lifted its holdings in shares of WaFd by 29.6% during the 4th quarter. Harbour Investments Inc. now owns 1,752 shares of the bank's stock worth $56,000 after acquiring an additional 400 shares during the period. Blue Trust Inc. lifted its holdings in shares of WaFd by 68.4% during the 4th quarter. Blue Trust Inc. now owns 2,000 shares of the bank's stock worth $70,000 after acquiring an additional 812 shares during the period. US Bancorp DE boosted its position in shares of WaFd by 136.7% during the 4th quarter. US Bancorp DE now owns 3,638 shares of the bank's stock valued at $117,000 after acquiring an additional 2,101 shares in the last quarter. Finally, KBC Group NV boosted its position in shares of WaFd by 34.5% during the 4th quarter. KBC Group NV now owns 3,762 shares of the bank's stock valued at $121,000 after acquiring an additional 965 shares in the last quarter. 83.71% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on WAFD shares. DA Davidson cut WaFd from a "buy" rating to a "neutral" rating and lowered their price target for the company from $35.00 to $32.00 in a research report on Thursday, February 6th. Piper Sandler lowered their target price on shares of WaFd from $37.00 to $31.00 and set a "neutral" rating on the stock in a report on Tuesday, January 21st. Stephens reissued an "equal weight" rating and set a $29.00 price target on shares of WaFd in a report on Monday, April 14th. Keefe, Bruyette & Woods reduced their price target on shares of WaFd from $32.00 to $30.00 and set a "market perform" rating on the stock in a research report on Wednesday, April 16th. Finally, StockNews.com raised shares of WaFd from a "sell" rating to a "hold" rating in a research note on Saturday, April 12th. Five research analysts have rated the stock with a hold rating, According to MarketBeat, the stock has an average rating of "Hold" and an average target price of $30.50.

WaFd Price Performance

NASDAQ WAFD traded up $0.06 on Tuesday, hitting $29.76. 519,164 shares of the company were exchanged, compared to its average volume of 534,811. WaFd, Inc has a 1-year low of $23.75 and a 1-year high of $38.62. The firm has a 50 day moving average of $28.04 and a two-hundred day moving average of $30.91. 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 company has a market cap of $2.39 billion, a P/E ratio of 13.71 and a beta of 0.85.

WaFd (NASDAQ:WAFD - Get Free Report) last released 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. The business had revenue of $179.79 million for the quarter, compared to analysts' expectations of $184.17 million. WaFd had a net margin of 12.66% and a return on equity of 8.78%. On average, equities analysts predict that WaFd, Inc will post 2.56 EPS for the current year.

WaFd Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, June 6th. Stockholders of record on Friday, May 23rd will be paid a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a dividend yield of 3.63%. The ex-dividend date is Friday, May 23rd. WaFd's dividend payout ratio (DPR) is presently 40.75%.

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.