WaFd, Inc (NASDAQ:WAFD) Shares Sold by Hsbc Holdings PLC

Hsbc Holdings PLC lessened its position in WaFd, Inc (NASDAQ:WAFD - Free Report) by 64.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,769 shares of the bank's stock after selling 13,890 shares during the period. Hsbc Holdings PLC's holdings in WaFd were worth $252,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Raymond James Financial Inc. purchased a new position in shares of WaFd during the 4th quarter worth about $1,766,000. LPL Financial LLC raised its stake in WaFd by 16.5% during the fourth quarter. LPL Financial LLC now owns 47,174 shares of the bank's stock worth $1,521,000 after purchasing an additional 6,682 shares during the period. Barclays PLC boosted its holdings in shares of WaFd by 33.3% in the 3rd quarter. Barclays PLC now owns 161,958 shares of the bank's stock valued at $5,643,000 after purchasing an additional 40,499 shares during the last quarter. JPMorgan Chase & Co. grew its stake in shares of WaFd by 152.9% during the 4th quarter. JPMorgan Chase & Co. now owns 469,704 shares of the bank's stock valued at $15,143,000 after buying an additional 283,953 shares during the period. Finally, Principal Financial Group Inc. increased its holdings in shares of WaFd by 4.5% during the 4th quarter. Principal Financial Group Inc. now owns 447,621 shares of the bank's stock worth $14,431,000 after buying an additional 19,117 shares during the last quarter. Hedge funds and other institutional investors own 83.71% of the company's stock.

WaFd Stock Down 0.4 %

Shares of NASDAQ:WAFD opened at $28.93 on Friday. The company has a market capitalization of $2.36 billion, a price-to-earnings ratio of 13.33 and a beta of 0.85. The company has a 50 day moving average of $27.82 and a two-hundred day moving average of $31.12. WaFd, Inc has a 52-week low of $23.75 and a 52-week high of $38.62. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 1.05.

WaFd (NASDAQ:WAFD - Get Free Report) last released its quarterly earnings results 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 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 analyst estimates of $184.17 million. As a group, analysts forecast that WaFd, Inc will post 2.56 earnings per share for the current fiscal year.

WaFd Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 7th. Investors of record on Friday, February 21st were paid a $0.27 dividend. This is a boost from WaFd's previous quarterly dividend of $0.26. The ex-dividend date of this dividend was Friday, February 21st. This represents a $1.08 annualized dividend and a dividend yield of 3.73%. WaFd's payout ratio is 40.75%.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the company. DA Davidson downgraded 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. Stephens reissued an "equal weight" rating and set a $29.00 target price on shares of WaFd in a research report on Monday, April 14th. StockNews.com upgraded shares of WaFd from a "sell" rating to a "hold" rating in a report on Saturday, April 12th. Keefe, Bruyette & Woods decreased their price objective on shares of WaFd from $32.00 to $30.00 and set a "market perform" rating for the company in a research note on Wednesday, April 16th. Finally, Piper Sandler cut their target price on shares of WaFd from $37.00 to $31.00 and set a "neutral" rating on the stock in a research note on Tuesday, January 21st. Five investment analysts have rated the stock with a hold rating, According to data from MarketBeat, WaFd currently has a consensus rating of "Hold" and a consensus price target of $30.50.

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.

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