What is Zacks Research's Estimate for WaFd FY2027 Earnings?

WaFd, Inc. (NASDAQ:WAFD - Free Report) - Equities research analysts at Zacks Research boosted their FY2027 earnings per share (EPS) estimates for WaFd in a report released on Tuesday, July 8th. Zacks Research analyst R. Department now expects that the bank will post earnings per share of $3.69 for the year, up from their previous forecast of $3.28. The consensus estimate for WaFd's current full-year earnings is $2.56 per share.

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

A number of other equities analysts have also recently commented on the company. Keefe, Bruyette & Woods reduced their price target on WaFd from $32.00 to $30.00 and set a "market perform" rating for the company in a report on Wednesday, April 16th. Wall Street Zen cut WaFd from a "hold" rating to a "sell" rating in a research report on Friday, June 27th. Finally, Stephens restated an "equal weight" rating and set a $29.00 target price on shares of WaFd in a research report on Monday, April 14th. One investment analyst has rated the stock with a sell rating and four have given a hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $30.50.

WaFd Stock Up 0.6%

WAFD traded up $0.19 during trading on Friday, reaching $30.99. 404,736 shares of the stock were exchanged, compared to its average volume of 562,219. The stock has a market cap of $2.48 billion, a P/E ratio of 11.69 and a beta of 0.84. The stock's 50 day moving average price is $29.24 and its two-hundred day moving average price is $29.17. WaFd has a twelve month low of $23.75 and a twelve month high of $38.62. The company has a debt-to-equity ratio of 1.01, a quick ratio of 1.02 and a current ratio of 1.02.

Hedge Funds Weigh In On WaFd

A number of institutional investors and hedge funds have recently bought and sold shares of WAFD. MetLife Investment Management LLC raised its stake in shares of WaFd by 1,576.8% during the first quarter. MetLife Investment Management LLC now owns 683,003 shares of the bank's stock valued at $19,520,000 after acquiring an additional 642,270 shares during the last quarter. Invesco Ltd. lifted its stake in WaFd by 124.3% in the first quarter. Invesco Ltd. now owns 1,107,097 shares of the bank's stock valued at $31,641,000 after buying an additional 613,596 shares during the period. Rhino Investment Partners Inc grew its position in shares of WaFd by 344.3% during the 4th quarter. Rhino Investment Partners Inc now owns 454,343 shares of the bank's stock worth $14,648,000 after buying an additional 352,076 shares during the period. Basswood Capital Management L.L.C. bought a new stake in shares of WaFd in the 4th quarter valued at $9,210,000. Finally, JPMorgan Chase & Co. lifted its position in shares of WaFd by 152.9% during the 4th quarter. JPMorgan Chase & Co. now owns 469,704 shares of the bank's stock valued at $15,143,000 after acquiring an additional 283,953 shares during the period. Institutional investors and hedge funds own 83.71% of the company's stock.

WaFd Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, June 6th. Shareholders of record on Friday, May 23rd were given a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 3.48%. The ex-dividend date of this dividend was Friday, May 23rd. WaFd's dividend payout ratio is presently 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.