WaFd (NASDAQ:WAFD) Price Target Raised to $32.00

WaFd (NASDAQ:WAFD - Get Free Report) had its price objective increased by equities researchers at Keefe, Bruyette & Woods from $30.00 to $32.00 in a research note issued to investors on Monday,Benzinga reports. The firm presently has a "market perform" rating on the bank's stock. Keefe, Bruyette & Woods' target price would indicate a potential upside of 6.15% from the stock's current price.

WAFD has been the subject of several other reports. Piper Sandler raised their target price on shares of WaFd from $30.00 to $31.00 and gave the company a "neutral" rating in a research note on Monday. Wall Street Zen upgraded shares of WaFd from a "sell" rating to a "hold" rating in a research note on Friday. Finally, Stephens raised their target price on shares of WaFd from $32.00 to $33.00 and gave the company an "equal weight" rating in a research note on Monday. Five research analysts have rated the stock with a hold rating, Based on data from MarketBeat, WaFd currently has a consensus rating of "Hold" and a consensus price target of $32.00.

WaFd Stock Up 1.4%

Shares of NASDAQ WAFD traded up $0.42 during midday trading on Monday, reaching $30.15. 123,130 shares of the company's stock traded hands, compared to its average volume of 567,359. The company has a quick ratio of 1.02, a current ratio of 0.98 and a debt-to-equity ratio of 0.71. The stock's 50 day simple moving average is $29.34 and its 200-day simple moving average is $29.08. WaFd has a one year low of $23.75 and a one year high of $38.62. The company has a market cap of $2.42 billion, a price-to-earnings ratio of 11.46 and a beta of 0.84.

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Raymond James Financial Inc. acquired a new position in shares of WaFd in the fourth quarter worth about $1,766,000. Swiss National Bank raised its position in shares of WaFd by 0.8% in the fourth quarter. Swiss National Bank now owns 159,726 shares of the bank's stock worth $5,150,000 after acquiring an additional 1,300 shares during the period. Envestnet Portfolio Solutions Inc. increased its stake in shares of WaFd by 7.6% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 16,790 shares of the bank's stock worth $541,000 after purchasing an additional 1,187 shares in the last quarter. Harbour Investments Inc. increased 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 purchasing an additional 400 shares in the last quarter. Finally, Cibc World Markets Corp purchased a new stake in shares of WaFd during the fourth quarter worth about $202,000. 83.71% of the stock is currently 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.

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