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

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

WAFD has been the subject of a number of other research reports. Keefe, Bruyette & Woods dropped their price target on WaFd from $32.00 to $30.00 and set a "market perform" rating for the company in a research report on Wednesday, April 16th. Stephens reiterated an "equal weight" rating and set a $29.00 target price on shares of WaFd in a research report on Monday, April 14th. One analyst has rated the stock with a sell rating and four have assigned a hold rating to the company. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $30.50.

WaFd Price Performance

Shares of WAFD stock traded down $0.16 during trading hours on Friday, reaching $29.32. The stock had a trading volume of 463,854 shares, compared to its average volume of 537,013. The stock's fifty day simple moving average is $28.78 and its 200 day simple moving average is $29.44. The firm has a market capitalization of $2.35 billion, a PE ratio of 11.06 and a beta of 0.85. WaFd has a 12 month low of $23.75 and a 12 month high of $38.62. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 1.01.

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

Hedge Funds Weigh In On WaFd

Several institutional investors have recently modified their holdings of WAFD. Brooklyn Investment Group bought a new stake in WaFd in the 1st quarter worth approximately $28,000. Aster Capital Management DIFC Ltd raised its stake in shares of WaFd by 983.5% during the fourth quarter. Aster Capital Management DIFC Ltd now owns 1,116 shares of the bank's stock worth $36,000 after acquiring an additional 1,013 shares in the last quarter. Harbour Investments Inc. raised its stake in shares of WaFd by 29.6% during 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 in the last quarter. TD Private Client Wealth LLC lifted its holdings in shares of WaFd by 35.2% in the 1st quarter. TD Private Client Wealth LLC now owns 2,002 shares of the bank's stock worth $57,000 after acquiring an additional 521 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd boosted its stake in shares of WaFd by 232.4% in the 1st quarter. Caitong International Asset Management Co. Ltd now owns 1,978 shares of the bank's stock valued at $57,000 after purchasing an additional 1,383 shares in the last quarter. 83.71% of the stock is currently owned by institutional investors.

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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