WaFd (NASDAQ:WAFD) Downgraded to Sell Rating by Wall Street Zen

WaFd (NASDAQ:WAFD - Get Free Report) was downgraded by equities research analysts at Wall Street Zen from a "hold" rating to a "sell" rating in a note issued to investors on Friday.

Several other research analysts have also weighed in on the stock. Keefe, Bruyette & Woods dropped their price objective on shares of WaFd from $32.00 to $30.00 and set a "market perform" rating on the stock in a research note on Wednesday, April 16th. Stephens restated an "equal weight" rating and set a $29.00 price target on shares of WaFd in a research note on Monday, April 14th. One equities research analyst has rated the stock with a sell rating and four have assigned a hold rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $30.50.

WaFd Stock Down 0.1%

WaFd stock traded down $0.04 during trading hours on Friday, hitting $29.28. The company had a trading volume of 398,203 shares, compared to its average volume of 534,489. The firm has a market capitalization of $2.35 billion, a P/E ratio of 11.05 and a beta of 0.85. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.02 and a quick ratio of 1.02. The firm's fifty day moving average is $28.81 and its 200-day moving average is $29.31. WaFd has a fifty-two week low of $23.75 and a fifty-two week high of $38.62.

WaFd (NASDAQ:WAFD - Get Free Report) last released its quarterly earnings data on Friday, April 11th. The bank reported $0.65 earnings per share for the quarter, beating the consensus estimate of $0.60 by $0.05. The firm had revenue of $179.79 million for the quarter, compared to analyst estimates of $184.17 million. WaFd had a net margin of 15.13% and a return on equity of 8.74%. On average, research analysts forecast that WaFd will post 2.56 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of WAFD. Vanguard Group Inc. boosted its holdings in shares of WaFd by 1.8% during the 4th quarter. Vanguard Group Inc. now owns 9,420,004 shares of the bank's stock worth $303,701,000 after buying an additional 166,931 shares during the period. Fuller & Thaler Asset Management Inc. boosted its holdings in shares of WaFd by 1.2% during the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 3,696,480 shares of the bank's stock worth $119,175,000 after buying an additional 42,096 shares during the period. American Century Companies Inc. boosted its holdings in shares of WaFd by 9.8% during the 1st quarter. American Century Companies Inc. now owns 1,948,534 shares of the bank's stock worth $55,689,000 after buying an additional 174,453 shares during the period. Systematic Financial Management LP boosted its holdings in shares of WaFd by 1.7% during the 1st quarter. Systematic Financial Management LP now owns 1,531,327 shares of the bank's stock worth $43,765,000 after buying an additional 24,959 shares during the period. Finally, Invesco Ltd. boosted its holdings in shares of WaFd by 124.3% during the 1st quarter. Invesco Ltd. now owns 1,107,097 shares of the bank's stock worth $31,641,000 after buying an additional 613,596 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.