WaFd (NASDAQ:WAFD) Given New $32.00 Price Target at Keefe, Bruyette & Woods

WaFd (NASDAQ:WAFD - Free Report) had its price target hoisted by Keefe, Bruyette & Woods from $30.00 to $32.00 in a research report released on Monday,Benzinga reports. Keefe, Bruyette & Woods currently has a market perform rating on the bank's stock.

A number of other analysts have also recently weighed in on WAFD. Stephens raised their price objective on WaFd from $32.00 to $33.00 and gave the stock an "equal weight" rating in a research report on Monday. Piper Sandler boosted their price objective on WaFd from $30.00 to $31.00 and gave the company a "neutral" rating in a report on Monday. Finally, Wall Street Zen upgraded WaFd from a "sell" rating to a "hold" rating in a research note on Friday, July 18th. Five research analysts have rated the stock with a hold rating, According to MarketBeat, WaFd presently has an average rating of "Hold" and an average target price of $32.25.

WaFd Trading Down 1.0%

WAFD traded down $0.29 during trading on Monday, hitting $29.94. 163,009 shares of the stock were exchanged, compared to its average volume of 568,953. WaFd has a 1 year low of $23.75 and a 1 year high of $38.62. The firm has a 50 day simple moving average of $29.36 and a 200 day simple moving average of $29.08. The firm has a market cap of $2.40 billion, a price-to-earnings ratio of 11.38 and a beta of 0.84. 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 announced its quarterly earnings results 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 business had revenue of $186.26 million for the quarter, compared to the consensus estimate of $184.47 million. WaFd had a return on equity of 8.57% and a net margin of 15.57%. As a group, equities analysts expect that WaFd will post 2.56 EPS for the current year.

WaFd Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 6th. Investors of record on Friday, May 23rd were issued a $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 3.61%. The ex-dividend date of this dividend was Friday, May 23rd. WaFd's dividend payout ratio (DPR) is presently 41.06%.

Hedge Funds Weigh In On WaFd

Several hedge funds have recently made changes to their positions in the company. Comerica Bank grew its holdings in shares of WaFd by 0.5% during the first quarter. Comerica Bank now owns 69,180 shares of the bank's stock worth $1,977,000 after purchasing an additional 376 shares during the last quarter. Harbour Investments Inc. grew its holdings 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 during the last quarter. CANADA LIFE ASSURANCE Co grew its holdings in shares of WaFd by 0.4% during the fourth quarter. CANADA LIFE ASSURANCE Co now owns 98,124 shares of the bank's stock worth $3,162,000 after purchasing an additional 433 shares during the last quarter. Summit Investment Advisors Inc. grew its holdings in shares of WaFd by 6.9% during the fourth quarter. Summit Investment Advisors Inc. now owns 6,987 shares of the bank's stock worth $225,000 after purchasing an additional 450 shares during the last quarter. Finally, PNC Financial Services Group Inc. grew 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 worth $397,000 after purchasing an additional 468 shares during the last quarter. Hedge funds and other institutional investors own 83.71% of the company's stock.

WaFd Company Profile

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.