WaFd, Inc (NASDAQ:WAFD) Shares Sold by Ameriprise Financial Inc.

Ameriprise Financial Inc. decreased its stake in shares of WaFd, Inc (NASDAQ:WAFD - Free Report) by 5.2% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,170,354 shares of the bank's stock after selling 63,663 shares during the quarter. Ameriprise Financial Inc. owned about 1.44% of WaFd worth $37,732,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in WAFD. Barclays PLC lifted its position in WaFd by 33.3% during the third quarter. Barclays PLC now owns 161,958 shares of the bank's stock worth $5,643,000 after buying an additional 40,499 shares in the last quarter. Franklin Resources Inc. lifted its position in WaFd by 6.7% during the third quarter. Franklin Resources Inc. now owns 26,463 shares of the bank's stock worth $954,000 after buying an additional 1,669 shares in the last quarter. Principal Financial Group Inc. increased its stake in WaFd by 28.6% during the third quarter. Principal Financial Group Inc. now owns 428,504 shares of the bank's stock worth $14,933,000 after acquiring an additional 95,251 shares during the last quarter. Cooper Financial Group increased its stake in WaFd by 3.2% during the fourth quarter. Cooper Financial Group now owns 11,134 shares of the bank's stock worth $359,000 after acquiring an additional 345 shares during the last quarter. Finally, SG Americas Securities LLC increased its stake in WaFd by 81.2% during the fourth quarter. SG Americas Securities LLC now owns 10,091 shares of the bank's stock worth $325,000 after acquiring an additional 4,522 shares during the last quarter. Hedge funds and other institutional investors own 83.71% of the company's stock.

WaFd Trading Down 0.4%

Shares of NASDAQ WAFD traded down $0.13 during trading on Friday, reaching $29.92. The stock had a trading volume of 593,662 shares, compared to its average volume of 533,745. WaFd, Inc has a fifty-two week low of $23.75 and a fifty-two week high of $38.62. The company has a debt-to-equity ratio of 1.05, a quick ratio of 1.04 and a current ratio of 1.04. The business's 50-day moving average price is $27.96 and its 200-day moving average price is $30.99. The company has a market cap of $2.40 billion, a P/E ratio of 13.79 and a beta of 0.85.

WaFd (NASDAQ:WAFD - Get Free Report) last issued its quarterly earnings data on Friday, April 11th. The bank reported $0.65 earnings per share for the quarter, beating analysts' consensus estimates of $0.60 by $0.05. WaFd had a return on equity of 8.78% and a net margin of 12.66%. The business had revenue of $179.79 million during the quarter, compared to analysts' expectations of $184.17 million. On average, equities research analysts predict that WaFd, Inc will post 2.56 EPS for the current fiscal year.

WaFd Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 6th. Stockholders of record on Friday, May 23rd will be paid a $0.27 dividend. The ex-dividend date of this dividend is Friday, May 23rd. This represents a $1.08 dividend on an annualized basis and a dividend yield of 3.61%. WaFd's payout ratio is presently 40.75%.

Wall Street Analysts Forecast Growth

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

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.