Zacks Research Forecasts WaFd's Q2 Earnings (NASDAQ:WAFD)

WaFd, Inc. (NASDAQ:WAFD - Free Report) - Equities researchers at Zacks Research cut their Q2 2026 EPS estimates for WaFd in a research note issued to investors on Wednesday, July 16th. Zacks Research analyst R. Department now anticipates that the bank will post earnings of $0.70 per share for the quarter, down from their prior forecast 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.

Several other analysts have also recently commented on WAFD. Keefe, Bruyette & Woods decreased their target price on WaFd from $32.00 to $30.00 and set a "market perform" rating on the stock in a report on Wednesday, April 16th. Stephens reiterated an "equal weight" rating and issued a $29.00 price target on shares of WaFd in a report on Monday, April 14th. Finally, Wall Street Zen cut WaFd from a "hold" rating to a "sell" rating in a report 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. According to MarketBeat, WaFd currently has a consensus rating of "Hold" and an average price target of $30.50.

WaFd Price Performance

Shares of WAFD stock traded down $0.01 during trading hours on Friday, hitting $29.73. 750,579 shares of the company's stock were exchanged, compared to its average volume of 536,457. The stock's 50-day moving average is $29.34 and its 200-day moving average is $29.12. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.02 and a quick ratio of 1.02. The stock has a market cap of $2.38 billion, a price-to-earnings ratio of 11.30 and a beta of 0.84. WaFd has a 52 week low of $23.75 and a 52 week high of $38.62.

WaFd (NASDAQ:WAFD - Get Free Report) last announced its earnings results on Thursday, July 17th. The bank reported $0.73 EPS for the quarter, topping the consensus estimate of $0.67 by $0.06. The company had revenue of $186.26 million for the quarter, compared to analysts' expectations of $184.47 million. WaFd had a return on equity of 8.56% and a net margin of 15.57%.

Hedge Funds Weigh In On WaFd

Several hedge funds have recently added to or reduced their stakes in WAFD. Principal Financial Group Inc. lifted its stake in WaFd by 3.1% in the first quarter. Principal Financial Group Inc. now owns 461,593 shares of the bank's stock valued at $13,192,000 after buying an additional 13,972 shares during the period. Raymond James Financial Inc. acquired a new position in WaFd in the fourth quarter valued at about $1,766,000. KBC Group NV lifted its stake in WaFd by 12.7% in the first quarter. KBC Group NV now owns 4,239 shares of the bank's stock valued at $121,000 after buying an additional 477 shares during the period. LPL Financial LLC lifted its stake in WaFd by 16.5% in the fourth quarter. LPL Financial LLC now owns 47,174 shares of the bank's stock valued at $1,521,000 after buying an additional 6,682 shares during the period. Finally, JPMorgan Chase & Co. lifted its stake in WaFd by 152.9% in the fourth quarter. JPMorgan Chase & Co. now owns 469,704 shares of the bank's stock valued at $15,143,000 after buying an additional 283,953 shares during the period. Institutional investors own 83.71% of the company's stock.

WaFd Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 6th. Investors of record on Friday, May 23rd were issued a $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 3.63%. 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.