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Zacks Research Issues Negative Estimate for WaFd Earnings

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WaFd, Inc. (NASDAQ:WAFD - Free Report) - Equities research analysts at Zacks Research cut their Q2 2026 EPS estimates for shares of WaFd in a note issued to investors on Wednesday, July 16th. Zacks Research analyst R. Department now forecasts that the bank will earn $0.70 per share for the quarter, down from their previous estimate of $0.71. The consensus estimate for WaFd's current full-year earnings is $2.56 per share. Zacks Research also issued estimates for WaFd's Q2 2026 earnings at $0.70 EPS, Q3 2026 earnings at $0.77 EPS, Q3 2026 earnings at $0.77 EPS, Q4 2026 earnings at $0.80 EPS, Q4 2026 earnings at $0.80 EPS, FY2026 earnings at $2.98 EPS, FY2026 earnings at $2.98 EPS and Q1 2027 earnings at $0.81 EPS.

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 analysts' consensus estimates of $0.67 by $0.06. The firm 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%.

A number of other equities analysts have also weighed in on WAFD. DA Davidson upped their price target on shares of WaFd from $29.00 to $33.00 and gave the stock a "neutral" rating in a research report on Monday. Stephens upped their price target on shares of WaFd from $32.00 to $33.00 and gave the company an "equal weight" rating in a research note on Monday. Piper Sandler boosted their price objective on WaFd from $30.00 to $31.00 and gave the stock a "neutral" rating in a research note on Monday. Keefe, Bruyette & Woods increased their target price on shares of WaFd from $30.00 to $32.00 and gave the company a "market perform" rating in a research note on Monday. Finally, Wall Street Zen upgraded shares of WaFd from a "sell" rating to a "hold" rating in a report on Friday. Five investment analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $32.25.

Get Our Latest Research Report on WaFd

WaFd Stock Performance

NASDAQ WAFD traded up $0.79 during trading hours on Friday, hitting $30.52. 251,357 shares of the company's stock traded hands, compared to its average volume of 534,916. The business's fifty day moving average price is $29.34 and its two-hundred day moving average price is $29.08. The company has a current ratio of 0.98, a quick ratio of 1.02 and a debt-to-equity ratio of 0.71. The firm has a market capitalization of $2.45 billion, a P/E ratio of 11.61 and a beta of 0.84. WaFd has a 52 week low of $23.75 and a 52 week high of $38.62.

WaFd Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 6th. Shareholders of record on Friday, May 23rd were issued a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a yield of 3.54%. The ex-dividend date of this dividend was Friday, May 23rd. WaFd's payout ratio is 41.06%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in WAFD. Principal Financial Group Inc. increased its position in shares of WaFd by 3.1% during the first quarter. Principal Financial Group Inc. now owns 461,593 shares of the bank's stock worth $13,192,000 after purchasing an additional 13,972 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in WaFd in the 4th quarter worth approximately $1,766,000. KBC Group NV boosted its stake in WaFd by 12.7% in the 1st quarter. KBC Group NV now owns 4,239 shares of the bank's stock worth $121,000 after purchasing an additional 477 shares in the last quarter. LPL Financial LLC boosted its stake in WaFd by 16.5% in the 4th quarter. LPL Financial LLC now owns 47,174 shares of the bank's stock worth $1,521,000 after purchasing an additional 6,682 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its stake in WaFd by 152.9% in the 4th quarter. JPMorgan Chase & Co. now owns 469,704 shares of the bank's stock worth $15,143,000 after purchasing an additional 283,953 shares in the last quarter. 83.71% of the stock is currently owned by institutional investors.

About WaFd

(Get Free Report)

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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Earnings History and Estimates for WaFd (NASDAQ:WAFD)

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