DA Davidson Weighs in on WaFd, Inc’s FY2025 Earnings (NASDAQ:WAFD)

WaFd, Inc (NASDAQ:WAFD) – Analysts at DA Davidson decreased their FY2025 earnings estimates for WaFd in a research note issued on Wednesday, April 24th. DA Davidson analyst J. Rulis now anticipates that the bank will post earnings per share of $3.20 for the year, down from their prior forecast of $3.65. DA Davidson has a “Buy” rating and a $35.00 price objective on the stock. The consensus estimate for WaFd’s current full-year earnings is $2.58 per share.

Other analysts have also recently issued research reports about the stock. Stephens reiterated an “equal weight” rating and issued a $32.00 price target on shares of WaFd in a research note on Tuesday, April 23rd. Keefe, Bruyette & Woods cut their price target on shares of WaFd from $37.00 to $35.00 and set an “outperform” rating for the company in a research note on Thursday, January 18th. Finally, StockNews.com downgraded shares of WaFd from a “hold” rating to a “sell” rating in a report on Thursday, March 21st.

WaFd Stock Performance

Shares of WAFD stock opened at $27.91 on Friday. The stock has a market cap of $1.81 billion, a P/E ratio of 10.61 and a beta of 0.85. The company has a debt-to-equity ratio of 2.07, a current ratio of 1.17 and a quick ratio of 1.15. The company has a fifty day moving average price of $27.74 and a two-hundred day moving average price of $28.34. WaFd has a one year low of $23.36 and a one year high of $34.07.

WaFd Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 8th. Investors of record on Friday, February 23rd were issued a dividend of $0.26 per share. This is an increase from WaFd’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend was Thursday, February 22nd. This represents a $1.04 annualized dividend and a dividend yield of 3.73%. WaFd’s payout ratio is presently 39.54%.

Institutional Trading of WaFd

Hedge funds and other institutional investors have recently modified their holdings of the stock. Headlands Technologies LLC bought a new stake in shares of WaFd during the 3rd quarter worth about $35,000. EMC Capital Management boosted its holdings in WaFd by 90.2% in the 3rd quarter. EMC Capital Management now owns 4,184 shares of the bank’s stock valued at $107,000 after purchasing an additional 1,984 shares during the period. DekaBank Deutsche Girozentrale bought a new stake in WaFd in the 4th quarter valued at about $201,000. Diversified Trust Co bought a new stake in WaFd in the 4th quarter valued at about $221,000. Finally, Covestor Ltd boosted its holdings in WaFd by 22.6% in the 3rd quarter. Covestor Ltd now owns 7,489 shares of the bank’s stock valued at $192,000 after purchasing an additional 1,383 shares during the period. Institutional investors own 83.71% of the company’s stock.

About WaFd

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.