EntryPoint Capital LLC Makes New $403,000 Investment in WaFd, Inc (NASDAQ:WAFD)

EntryPoint Capital LLC purchased a new stake in shares of WaFd, Inc (NASDAQ:WAFD) in the fourth quarter, according to its most recent 13F filing with the SEC. The fund purchased 12,494 shares of the bank’s stock, valued at approximately $403,000.

Several other institutional investors have also recently made changes to their positions in WAFD. Natixis Advisors LLC raised its stake in WaFd by 9.3% in the third quarter. Natixis Advisors LLC now owns 18,187 shares of the bank’s stock valued at $634,000 after purchasing an additional 1,548 shares in the last quarter. Mutual of America Capital Management LLC raised its holdings in WaFd by 10.0% during the 3rd quarter. Mutual of America Capital Management LLC now owns 12,215 shares of the bank’s stock valued at $426,000 after buying an additional 1,108 shares during the last quarter. Swiss National Bank raised its stake in shares of WaFd by 15.8% during the third quarter. Swiss National Bank now owns 158,426 shares of the bank’s stock valued at $5,521,000 after acquiring an additional 21,600 shares during the last quarter. Pathstone Holdings LLC raised its position in WaFd by 48.8% during the 3rd quarter. Pathstone Holdings LLC now owns 50,431 shares of the bank’s stock valued at $1,758,000 after purchasing an additional 16,539 shares during the last quarter. Finally, Intech Investment Management LLC bought a new position in shares of WaFd during the third quarter valued at approximately $611,000. Institutional investors own 83.71% of the company’s stock.

WaFd Stock Performance

Shares of WAFD stock opened at $28.65 on Wednesday. The firm has a market capitalization of $2.34 billion, a PE ratio of 13.20 and a beta of 0.83. WaFd, Inc has a 52 week low of $25.79 and a 52 week high of $38.62. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 1.05. The company has a 50 day moving average price of $29.43 and a 200-day moving average price of $32.91.

WaFd Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 7th. Stockholders of record on Friday, February 21st were given a dividend of $0.27 per share. This is a boost from WaFd’s previous quarterly dividend of $0.26. This represents a $1.08 dividend on an annualized basis and a dividend yield of 3.77%. The ex-dividend date was Friday, February 21st. WaFd’s payout ratio is presently 49.77%.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on WAFD. Piper Sandler cut their target price on shares of WaFd from $37.00 to $31.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 21st. StockNews.com upgraded WaFd from a “sell” rating to a “hold” rating in a report on Thursday, March 6th. Stephens restated an “equal weight” rating and issued a $38.00 target price on shares of WaFd in a research note on Friday, January 17th. DA Davidson cut WaFd from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $35.00 to $32.00 in a research note on Thursday, February 6th. Finally, Keefe, Bruyette & Woods dropped their target price on shares of WaFd from $42.00 to $34.00 and set a “market perform” rating on the stock in a report on Tuesday, January 21st. Five research analysts have rated the stock with a hold rating, Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $33.75.

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.