WaFd (NASDAQ:WAFD) Raised to Hold at Wall Street Zen

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

Several other brokerages also recently weighed in on WAFD. Stephens reaffirmed an "equal weight" rating and issued a $29.00 target price on shares of WaFd in a report on Monday, April 14th. Keefe, Bruyette & Woods decreased their target price on shares of WaFd from $32.00 to $30.00 and set a "market perform" rating for the company in a research note on Wednesday, April 16th. Five research analysts have rated the stock with a hold rating, Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $30.50.

WaFd Trading Down 0.0%

WAFD traded down $0.01 on Friday, hitting $29.73. The company had a trading volume of 750,579 shares, compared to its average volume of 535,992. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 1.01. The company has a market cap of $2.38 billion, a PE ratio of 11.30 and a beta of 0.84. WaFd has a 12-month low of $23.75 and a 12-month high of $38.62. The business's fifty day simple moving average is $29.34 and its 200 day simple moving average is $29.10.

WaFd (NASDAQ:WAFD - Get Free Report) last released its quarterly earnings results on Thursday, July 17th. The bank reported $0.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.67 by $0.06. The business had revenue of $186.26 million for the quarter, compared to analyst estimates of $184.47 million. WaFd had a net margin of 15.57% and a return on equity of 8.56%. Equities research analysts expect that WaFd will post 2.56 EPS for the current year.

Institutional Trading of WaFd

Several institutional investors have recently made changes to their positions in the business. Brooklyn Investment Group purchased a new stake in WaFd in the first quarter valued at about $28,000. Aster Capital Management DIFC Ltd lifted its position in shares of WaFd by 983.5% in the fourth quarter. Aster Capital Management DIFC Ltd now owns 1,116 shares of the bank's stock valued at $36,000 after acquiring an additional 1,013 shares in the last quarter. Harbour Investments Inc. lifted its position in shares of 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 acquiring an additional 400 shares in the last quarter. TD Private Client Wealth LLC raised its holdings in shares of WaFd by 35.2% during 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 period. Finally, Caitong International Asset Management Co. Ltd raised its position in WaFd by 232.4% in the first 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 during the period. Hedge funds and other institutional investors 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.