Zacks Research Has Strong Forecast for WaFd FY2027 Earnings

WaFd, Inc. (NASDAQ:WAFD - Free Report) - Equities researchers at Zacks Research increased their FY2027 earnings per share estimates for shares of WaFd in a note issued to investors on Tuesday, July 8th. Zacks Research analyst R. Department now expects that the bank will post earnings of $3.69 per share 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 data on Friday, April 11th. The bank reported $0.65 EPS for the quarter, beating the consensus estimate of $0.60 by $0.05. The firm had revenue of $179.79 million during the quarter, compared to analyst estimates of $184.17 million. WaFd had a net margin of 15.13% and a return on equity of 8.74%.

WAFD has been the topic of a number of other reports. Keefe, Bruyette & Woods dropped their price objective on shares of WaFd from $32.00 to $30.00 and set a "market perform" rating on the stock in a report on Wednesday, April 16th. Stephens restated an "equal weight" rating and issued a $29.00 price objective on shares of WaFd in a research note on Monday, April 14th. Finally, Wall Street Zen cut WaFd from a "hold" rating to a "sell" rating in a research note on Friday, June 27th. One research analyst has rated the stock with a sell rating and four have assigned a hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $30.50.

WaFd Stock Performance

Shares of WaFd stock traded down $0.26 during midday trading on Friday, hitting $30.80. The company had a trading volume of 599,490 shares, compared to its average volume of 537,929. The stock has a market cap of $2.47 billion, a price-to-earnings ratio of 11.62 and a beta of 0.84. 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 fifty day simple moving average of $29.24 and a 200 day simple moving average of $29.22. WaFd has a 12-month low of $23.75 and a 12-month high of $38.62.

WaFd Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 6th. Shareholders of record on Friday, May 23rd were paid a dividend of $0.27 per share. The ex-dividend date of this dividend was Friday, May 23rd. This represents a $1.08 dividend on an annualized basis and a dividend yield of 3.51%. WaFd's payout ratio is currently 40.75%.

Institutional Investors Weigh In On WaFd

Hedge funds have recently bought and sold shares of the stock. Brooklyn Investment Group purchased a new position in WaFd during the first quarter worth approximately $28,000. Aster Capital Management DIFC Ltd boosted its position in WaFd by 983.5% during the fourth quarter. Aster Capital Management DIFC Ltd now owns 1,116 shares of the bank's stock worth $36,000 after purchasing an additional 1,013 shares in the last quarter. Harbour Investments Inc. increased its holdings 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 increased its holdings 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 increased its holdings 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. 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.