WaFd, Inc (NASDAQ:WAFD) Shares Bought by Covestor Ltd

Covestor Ltd grew its stake in WaFd, Inc (NASDAQ:WAFD) by 60.1% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 1,904 shares of the bank’s stock after acquiring an additional 715 shares during the period. Covestor Ltd’s holdings in WaFd were worth $66,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in WAFD. Ameritas Investment Partners Inc. increased its stake in WaFd by 5.7% during the 1st quarter. Ameritas Investment Partners Inc. now owns 6,887 shares of the bank’s stock worth $200,000 after buying an additional 373 shares during the period. Louisiana State Employees Retirement System increased its stake in WaFd by 1.2% during the 2nd quarter. Louisiana State Employees Retirement System now owns 34,000 shares of the bank’s stock worth $972,000 after buying an additional 400 shares during the period. Blue Trust Inc. increased its stake in WaFd by 80.8% during the 3rd quarter. Blue Trust Inc. now owns 1,188 shares of the bank’s stock worth $41,000 after buying an additional 531 shares during the period. California State Teachers Retirement System increased its stake in WaFd by 1.2% during the 1st quarter. California State Teachers Retirement System now owns 69,092 shares of the bank’s stock worth $2,006,000 after buying an additional 790 shares during the period. Finally, Northwestern Mutual Wealth Management Co. increased its stake in WaFd by 100.0% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,644 shares of the bank’s stock worth $47,000 after buying an additional 822 shares during the period. 83.71% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other WaFd news, EVP Ryan Mauer sold 12,132 shares of the firm’s stock in a transaction dated Monday, November 4th. The shares were sold at an average price of $33.33, for a total transaction of $404,359.56. Following the completion of the transaction, the executive vice president now directly owns 100,376 shares in the company, valued at approximately $3,345,532.08. This trade represents a 10.78 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 2.25% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on WAFD shares. Keefe, Bruyette & Woods reissued a “market perform” rating and issued a $40.00 price objective on shares of WaFd in a research report on Monday, October 21st. StockNews.com upgraded shares of WaFd from a “sell” rating to a “hold” rating in a report on Tuesday. DA Davidson upped their target price on shares of WaFd from $39.00 to $41.00 and gave the company a “buy” rating in a report on Monday, October 21st. Piper Sandler lowered their target price on shares of WaFd from $36.00 to $35.00 and set a “neutral” rating for the company in a report on Monday, October 21st. Finally, Stephens upped their target price on shares of WaFd from $32.00 to $36.00 and gave the company an “equal weight” rating in a report on Thursday, July 18th. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $38.00.

WaFd Stock Down 0.5 %

Shares of WaFd stock opened at $36.97 on Friday. The company has a market cap of $3.00 billion, a P/E ratio of 14.91 and a beta of 0.83. The company has a debt-to-equity ratio of 1.21, a quick ratio of 1.09 and a current ratio of 1.08. WaFd, Inc has a one year low of $25.78 and a one year high of $38.58. The firm has a fifty day moving average of $35.19 and a two-hundred day moving average of $32.25.

WaFd (NASDAQ:WAFD) last announced its quarterly earnings data on Thursday, October 17th. The bank reported $0.71 EPS for the quarter, topping analysts’ consensus estimates of $0.70 by $0.01. The company had revenue of $389.98 million during the quarter, compared to the consensus estimate of $190.43 million. WaFd had a net margin of 13.97% and a return on equity of 9.44%. During the same quarter in the prior year, the firm earned $0.72 EPS. On average, analysts forecast that WaFd, Inc will post 2.83 earnings per share for the current year.

WaFd Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Friday, November 22nd will be issued a $0.26 dividend. The ex-dividend date is Friday, November 22nd. This represents a $1.04 dividend on an annualized basis and a dividend yield of 2.81%. WaFd’s dividend payout ratio is presently 41.94%.

WaFd 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.