Zacks Research Issues Pessimistic Outlook for WaFd Earnings

Key Points

• Zacks Research has lowered its Q3 2026 earnings per share estimate for WaFd from $0.77 to $0.75, while the consensus full-year earnings estimate stands at $2.56 per share.
• WaFd recently reported Q2 earnings of $0.73 per share, exceeding expectations by $0.06, with a revenue of $186.26 million.
• Multiple analysts have adjusted their price targets for WaFd, with a consensus rating of "Hold" and a price target averaging around $32.25.

WaFd, Inc. (NASDAQ:WAFD - Free Report) - Equities researchers at Zacks Research reduced their Q3 2026 earnings per share (EPS) estimates for shares of WaFd in a note issued to investors on Wednesday, August 6th. Zacks Research analyst R. Department now expects that the bank will earn $0.75 per share for the quarter, down from their prior estimate of $0.77. The consensus estimate for WaFd's current full-year earnings is $2.56 per share. Zacks Research also issued estimates for WaFd's Q4 2026 earnings at $0.78 EPS, FY2026 earnings at $2.96 EPS, Q1 2027 earnings at $0.78 EPS and Q3 2027 earnings at $0.93 EPS.

Other analysts have also recently issued reports about the company. Wall Street Zen upgraded WaFd from a "sell" rating to a "hold" rating in a research report on Friday, July 18th. Piper Sandler raised their target price on WaFd from $30.00 to $31.00 and gave the company a "neutral" rating in a research report on Monday, July 21st. Stephens raised their target price on WaFd from $32.00 to $33.00 and gave the company an "equal weight" rating in a research report on Monday, July 21st. DA Davidson raised their target price on WaFd from $29.00 to $33.00 and gave the company a "neutral" rating in a research report on Monday, July 21st. Finally, Keefe, Bruyette & Woods raised their target price on WaFd from $30.00 to $32.00 and gave the company a "market perform" rating in a research report on Monday, July 21st. Five research analysts have rated the stock with a hold rating, Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $32.25.

WaFd Stock Performance

WAFD traded down $0.27 during trading hours on Monday, hitting $30.79. The company's stock had a trading volume of 71,443 shares, compared to its average volume of 562,564. WaFd has a fifty-two week low of $23.75 and a fifty-two week high of $38.62. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.71. The firm has a market capitalization of $2.43 billion, a PE ratio of 11.70 and a beta of 0.90. The company has a 50-day simple moving average of $29.63 and a 200 day simple moving average of $28.96.

WaFd (NASDAQ:WAFD - Get Free Report) last announced its quarterly earnings results on Thursday, July 17th. The bank reported $0.73 earnings per share for the quarter, topping analysts' consensus estimates of $0.67 by $0.06. WaFd had a return on equity of 8.57% and a net margin of 15.57%. The business had revenue of $186.26 million for the quarter, compared to analysts' expectations of $184.47 million.

WaFd Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, September 5th. Shareholders of record on Friday, August 22nd will be paid a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 3.5%. The ex-dividend date of this dividend is Friday, August 22nd. WaFd's dividend payout ratio (DPR) is presently 41.06%.

Hedge Funds Weigh In On WaFd

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Principal Financial Group Inc. boosted its stake in WaFd by 3.1% during the 1st quarter. Principal Financial Group Inc. now owns 461,593 shares of the bank's stock valued at $13,192,000 after purchasing an additional 13,972 shares in the last quarter. KBC Group NV boosted its stake in WaFd by 12.7% during the 1st quarter. KBC Group NV now owns 4,239 shares of the bank's stock valued at $121,000 after purchasing an additional 477 shares in the last quarter. LPL Financial LLC boosted its stake in WaFd by 16.5% during the 4th quarter. LPL Financial LLC now owns 47,174 shares of the bank's stock valued at $1,521,000 after purchasing an additional 6,682 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in shares of WaFd by 152.9% during the 4th quarter. JPMorgan Chase & Co. now owns 469,704 shares of the bank's stock worth $15,143,000 after acquiring an additional 283,953 shares in the last quarter. Finally, Vest Financial LLC bought a new stake in shares of WaFd during the 1st quarter worth $708,000. 83.71% of the stock is owned by institutional investors.

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.