WaFd (NASDAQ:WAFD) Stock Price Expected to Rise, DA Davidson Analyst Says

WaFd (NASDAQ:WAFD - Free Report) had its target price increased by DA Davidson from $29.00 to $33.00 in a report issued on Monday,Benzinga reports. DA Davidson currently has a neutral rating on the bank's stock. DA Davidson also issued estimates for WaFd's Q4 2025 earnings at $0.78 EPS and FY2025 earnings at $2.75 EPS.

Other research analysts have also recently issued research reports about the company. Keefe, Bruyette & Woods upped their price target on WaFd from $30.00 to $32.00 and gave the company a "market perform" rating in a report on Monday. Piper Sandler increased their target price on WaFd from $30.00 to $31.00 and gave the company a "neutral" rating in a report on Monday. Wall Street Zen upgraded WaFd from a "sell" rating to a "hold" rating in a report on Friday, July 18th. Finally, Stephens increased their target price on WaFd from $32.00 to $33.00 and gave the company an "equal weight" rating in a report on Monday. Five equities research analysts have rated the stock with a hold rating, According to MarketBeat, the company has an average rating of "Hold" and an average price target of $32.25.

WaFd Price Performance

Shares of NASDAQ WAFD traded down $0.57 during trading on Monday, hitting $29.67. The company had a trading volume of 256,680 shares, compared to its average volume of 569,600. The company has a market cap of $2.38 billion, a P/E ratio of 11.28 and a beta of 0.84. WaFd has a 52 week low of $23.75 and a 52 week high of $38.62. The business's 50-day moving average is $29.36 and its 200 day moving average is $29.08. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.02 and a current ratio of 0.98.

WaFd (NASDAQ:WAFD - Get Free Report) last posted its quarterly earnings results on Thursday, July 17th. The bank reported $0.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.67 by $0.06. The company had revenue of $186.26 million for the quarter, compared to analysts' expectations of $184.47 million. WaFd had a return on equity of 8.57% and a net margin of 15.57%. Equities research analysts predict that WaFd will post 2.56 earnings per share for the current fiscal year.

WaFd Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, June 6th. Stockholders of record on Friday, May 23rd were issued a $0.27 dividend. The ex-dividend date was Friday, May 23rd. This represents a $1.08 dividend on an annualized basis and a dividend yield of 3.64%. WaFd's payout ratio is currently 41.06%.

Hedge Funds Weigh In On WaFd

A number of hedge funds have recently modified their holdings of the stock. Comerica Bank increased its stake in shares of WaFd by 0.5% in the first quarter. Comerica Bank now owns 69,180 shares of the bank's stock worth $1,977,000 after acquiring an additional 376 shares during the last quarter. Harbour Investments Inc. increased its stake in shares of WaFd by 29.6% in the fourth 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 last quarter. CANADA LIFE ASSURANCE Co increased its stake in shares of WaFd by 0.4% in the fourth quarter. CANADA LIFE ASSURANCE Co now owns 98,124 shares of the bank's stock worth $3,162,000 after acquiring an additional 433 shares during the last quarter. Summit Investment Advisors Inc. increased its stake in shares of WaFd by 6.9% in the fourth quarter. Summit Investment Advisors Inc. now owns 6,987 shares of the bank's stock worth $225,000 after acquiring an additional 450 shares during the last quarter. Finally, PNC Financial Services Group Inc. increased its stake in shares of WaFd by 3.5% in the first quarter. PNC Financial Services Group Inc. now owns 13,892 shares of the bank's stock worth $397,000 after acquiring an additional 468 shares during the last quarter. 83.71% of the stock is owned by institutional investors and hedge funds.

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.