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

Hsbc Holdings PLC decreased its holdings in shares of WaFd, Inc (NASDAQ:WAFD - Free Report) by 64.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor 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 filing with the Securities and Exchange Commission (SEC).

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

WaFd Trading Up 0.6%

WAFD traded up $0.19 during trading on Thursday, hitting $29.76. 86,913 shares of the company's stock were exchanged, compared to its average volume of 530,591. The stock has a 50 day moving average price of $27.86 and a 200 day moving average price of $31.06. 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, Inc has a 1 year low of $23.75 and a 1 year high of $38.62. The firm 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, topping the consensus estimate 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 for the quarter, compared to analysts' expectations of $184.17 million. As a group, analysts expect that WaFd, Inc will post 2.56 EPS for the current fiscal year.

WaFd Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 6th. Investors of record on Friday, May 23rd will be given 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 of this dividend is Friday, May 23rd. WaFd's dividend payout ratio is currently 40.75%.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on WAFD shares. Keefe, Bruyette & Woods decreased 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 issued a $29.00 target price on shares of WaFd in a report on Monday, April 14th. StockNews.com upgraded WaFd from a "sell" rating to a "hold" rating in a research report on Saturday, April 12th. DA Davidson downgraded WaFd from a "buy" rating to a "neutral" rating and reduced their price objective for the company from $35.00 to $32.00 in a research report on Thursday, February 6th. Finally, Piper Sandler reduced their price target on WaFd from $37.00 to $31.00 and set a "neutral" rating on the stock in a research note on Tuesday, January 21st. Five equities research analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $30.50.

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.