WaFd (NASDAQ:WAFD) Given New $33.00 Price Target at DA Davidson

WaFd (NASDAQ:WAFD - Get Free Report) had its price target increased by DA Davidson from $29.00 to $33.00 in a report released on Monday,Benzinga reports. The firm presently has a "neutral" rating on the bank's stock. DA Davidson's price objective points to a potential upside of 8.30% from the company's current price.

Other research analysts have also recently issued reports about the stock. Stephens lifted their price objective on shares of WaFd from $32.00 to $33.00 and gave the company an "equal weight" rating in a research note on Monday. Keefe, Bruyette & Woods lifted their price objective on shares of WaFd from $30.00 to $32.00 and gave the company a "market perform" rating in a research note on Monday. Wall Street Zen raised shares of WaFd from a "sell" rating to a "hold" rating in a research note on Friday. Finally, Piper Sandler lifted their price objective on shares of WaFd from $30.00 to $31.00 and gave the company a "neutral" rating in a research note on Monday. Five analysts have rated the stock with a hold rating, Based on data from MarketBeat, WaFd currently has an average rating of "Hold" and a consensus target price of $32.25.

WaFd Stock Performance

WAFD stock traded up $0.74 during mid-day trading on Monday, hitting $30.47. 207,393 shares of the company were exchanged, compared to its average volume of 534,767. WaFd has a 1-year low of $23.75 and a 1-year high of $38.62. The business has a 50 day simple moving average of $29.34 and a 200-day simple moving average of $29.08. The stock has a market capitalization of $2.44 billion, a PE ratio of 11.59 and a beta of 0.84. The company has a current ratio of 0.98, a quick ratio of 1.02 and a debt-to-equity ratio of 0.71.

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

Hedge Funds Weigh In On WaFd

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Comerica Bank lifted its holdings in WaFd by 0.5% in the first quarter. Comerica Bank now owns 69,180 shares of the bank's stock valued at $1,977,000 after buying an additional 376 shares during the period. Harbour Investments Inc. lifted its holdings in WaFd by 29.6% in the fourth quarter. Harbour Investments Inc. now owns 1,752 shares of the bank's stock valued at $56,000 after buying an additional 400 shares during the period. CANADA LIFE ASSURANCE Co lifted its holdings in WaFd by 0.4% in the fourth quarter. CANADA LIFE ASSURANCE Co now owns 98,124 shares of the bank's stock valued at $3,162,000 after buying an additional 433 shares during the period. Summit Investment Advisors Inc. lifted its holdings in WaFd by 6.9% in the fourth quarter. Summit Investment Advisors Inc. now owns 6,987 shares of the bank's stock valued at $225,000 after buying an additional 450 shares during the period. Finally, PNC Financial Services Group Inc. raised its holdings in shares of WaFd by 3.5% during the first quarter. PNC Financial Services Group Inc. now owns 13,892 shares of the bank's stock valued at $397,000 after purchasing an additional 468 shares during the period. Institutional investors and hedge funds own 83.71% of the company's stock.

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.

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