Zacks Research Analysts Decrease Earnings Estimates for WaFd

WaFd, Inc. (NASDAQ:WAFD - Free Report) - Analysts at Zacks Research dropped their Q2 2026 earnings per share estimates for shares of WaFd in a research note issued to investors on Thursday, June 26th. Zacks Research analyst R. Department now forecasts that the bank will post earnings per share of $0.72 for the quarter, down from their prior estimate of $0.73. The consensus estimate for WaFd's current full-year earnings is $2.56 per share.

Several other equities analysts have also commented on the company. Wall Street Zen lowered WaFd from a "hold" rating to a "sell" rating in a research report on Friday. Keefe, Bruyette & Woods dropped their price target on WaFd from $32.00 to $30.00 and set a "market perform" rating on the stock in a research report on Wednesday, April 16th. Finally, Stephens reissued an "equal weight" rating and set a $29.00 price target on shares of WaFd in a research report on Monday, April 14th. One equities research analyst has rated the stock with a sell rating and four have given a hold rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $30.50.

WaFd Stock Down 0.5%

WAFD opened at $29.32 on Monday. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.02 and a quick ratio of 1.02. WaFd has a 12 month low of $23.75 and a 12 month high of $38.62. The stock has a market capitalization of $2.35 billion, a price-to-earnings ratio of 11.06 and a beta of 0.85. The business has a 50-day moving average of $28.78 and a two-hundred day moving average of $29.35.

WaFd (NASDAQ:WAFD - Get Free Report) last posted its quarterly earnings data on Friday, April 11th. The bank reported $0.65 EPS for the quarter, topping analysts' consensus estimates of $0.60 by $0.05. The firm had revenue of $179.79 million during the quarter, compared to analysts' expectations of $184.17 million. WaFd had a return on equity of 8.74% and a net margin of 15.13%.

Institutional Investors Weigh In On WaFd

Several hedge funds have recently modified their holdings of the stock. Brooklyn Investment Group purchased a new stake in WaFd in the 1st quarter worth about $28,000. Aster Capital Management DIFC Ltd lifted its stake in WaFd by 983.5% in the 4th 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. lifted its stake in WaFd by 29.6% in the 4th 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 stake in 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 in the last quarter. Finally, Caitong International Asset Management Co. Ltd lifted its stake in WaFd by 232.4% in the 1st quarter. Caitong International Asset Management Co. Ltd now owns 1,978 shares of the bank's stock worth $57,000 after acquiring an additional 1,383 shares in the last quarter. 83.71% of the stock is owned by hedge funds and other institutional investors.

WaFd Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 6th. Stockholders of record on Friday, May 23rd were issued a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a dividend yield of 3.68%. The ex-dividend date of this dividend was Friday, May 23rd. WaFd's dividend payout ratio is 40.75%.

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.

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