WaFd (NASDAQ:WAFD) Director Sells $31,836.84 in Stock

Key Points

• WaFd Director Sean Singleton sold 1,004 shares of the company on September 17th at an average price of $31.71, reducing his stake by 9.76% to approximately 9,278 shares.
• The company reported a quarterly earnings per share (EPS) of $0.73, exceeding analysts' expectations of $0.67, along with a 15.57% net margin and a revenue of $186.26 million.
• WaFd announced a quarterly dividend of $0.27, resulting in an annualized dividend yield of 3.4%, with a payout ratio of 41.06%.

WaFd, Inc. (NASDAQ:WAFD - Get Free Report) Director Sean Singleton sold 1,004 shares of the stock in a transaction dated Wednesday, September 17th. The stock was sold at an average price of $31.71, for a total transaction of $31,836.84. Following the completion of the sale, the director directly owned 9,278 shares in the company, valued at approximately $294,205.38. The trade was a 9.76% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

WaFd Trading Down 1.3%

WAFD traded down $0.40 on Friday, hitting $31.43. 1,990,421 shares of the company were exchanged, compared to its average volume of 442,864. The stock has a market capitalization of $2.48 billion, a PE ratio of 11.95 and a beta of 0.93. WaFd, Inc. has a 12 month low of $23.75 and a 12 month high of $38.62. The firm has a fifty day simple moving average of $30.59 and a two-hundred day simple moving average of $29.23. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.98 and a current ratio of 0.98.

WaFd (NASDAQ:WAFD - Get Free Report) last issued its earnings results on Thursday, July 17th. The bank reported $0.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.67 by $0.06. The business had revenue of $186.26 million during the quarter, compared to analysts' expectations of $184.47 million. WaFd had a net margin of 15.57% and a return on equity of 8.57%. Sell-side analysts expect that WaFd, Inc. will post 2.56 earnings per share for the current year.

WaFd Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 5th. Investors of record on Friday, August 22nd were paid a $0.27 dividend. The ex-dividend date was Friday, August 22nd. This represents a $1.08 dividend on an annualized basis and a yield of 3.4%. WaFd's dividend payout ratio (DPR) is 41.06%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on WAFD shares. Stephens increased their target price on WaFd from $32.00 to $33.00 and gave the company an "equal weight" rating in a research report on Monday, July 21st. DA Davidson boosted their price objective on WaFd from $29.00 to $33.00 and gave the company a "neutral" rating in a report on Monday, July 21st. Piper Sandler boosted their target price on WaFd from $30.00 to $31.00 and gave the stock a "neutral" rating in a research note on Monday, July 21st. Keefe, Bruyette & Woods upped their price objective on WaFd from $30.00 to $32.00 and gave the stock a "market perform" rating in a research report on Monday, July 21st. Finally, Wall Street Zen raised WaFd from a "sell" rating to a "hold" rating in a research report on Friday, July 18th. Four investment analysts have rated the stock with a Hold rating, According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $32.25.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Brooklyn Investment Group acquired a new stake in shares of WaFd in the first quarter worth $28,000. Northwestern Mutual Wealth Management Co. raised its position in shares of WaFd by 42.8% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,174 shares of the bank's stock valued at $34,000 after acquiring an additional 352 shares in the last quarter. McIlrath & Eck LLC boosted its holdings in shares of WaFd by 57.6% in the 2nd quarter. McIlrath & Eck LLC now owns 1,327 shares of the bank's stock valued at $39,000 after buying an additional 485 shares during the period. EverSource Wealth Advisors LLC grew its holdings in shares of WaFd by 712.4% during the second quarter. EverSource Wealth Advisors LLC now owns 1,901 shares of the bank's stock valued at $56,000 after purchasing an additional 1,667 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd increased its position in WaFd by 232.4% in the first quarter. Caitong International Asset Management Co. Ltd now owns 1,978 shares of the bank's stock worth $57,000 after buying an additional 1,383 shares during the period. 83.71% of the stock is currently owned by hedge funds and other institutional investors.

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.