Q1 Earnings Forecast for WaFd Issued By DA Davidson

WaFd, Inc (NASDAQ:WAFD) – Equities researchers at DA Davidson issued their Q1 2025 earnings estimates for shares of WaFd in a note issued to investors on Monday, October 21st. DA Davidson analyst J. Rulis expects that the bank will post earnings per share of $0.71 for the quarter. DA Davidson has a “Buy” rating and a $41.00 price target on the stock. The consensus estimate for WaFd’s current full-year earnings is $3.06 per share.

WaFd (NASDAQ:WAFD) last posted its earnings results on Thursday, October 17th. The bank reported $0.71 earnings per share for the quarter, topping the consensus estimate of $0.70 by $0.01. The company had revenue of $389.98 million for the quarter, compared to analyst estimates of $190.43 million. WaFd had a net margin of 13.97% and a return on equity of 9.65%. During the same period last year, the business posted $0.72 earnings per share.

Several other equities research analysts have also weighed in on the stock. Piper Sandler cut their target price on shares of WaFd from $36.00 to $35.00 and set a “neutral” rating on the stock in a report on Monday. Keefe, Bruyette & Woods restated a “market perform” rating and set a $40.00 price objective on shares of WaFd in a report on Monday. Stephens raised their price objective on shares of WaFd from $32.00 to $36.00 and gave the stock an “equal weight” rating in a report on Thursday, July 18th. Finally, StockNews.com lowered shares of WaFd from a “hold” rating to a “sell” rating in a report on Thursday, October 3rd. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, WaFd presently has a consensus rating of “Hold” and an average target price of $38.00.

WaFd Trading Up 1.3 %

WAFD opened at $34.39 on Tuesday. The firm’s fifty day moving average is $35.33 and its two-hundred day moving average is $31.43. The company has a debt-to-equity ratio of 1.52, a quick ratio of 1.09 and a current ratio of 1.11. The firm has a market cap of $2.80 billion, a PE ratio of 13.08 and a beta of 0.83. WaFd has a twelve month low of $23.36 and a twelve month high of $37.49.

WaFd Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, September 6th. Investors of record on Friday, August 23rd were given a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a yield of 3.02%. The ex-dividend date was Friday, August 23rd. WaFd’s dividend payout ratio (DPR) is currently 39.54%.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its stake in shares of WaFd by 1.6% during the 1st quarter. Vanguard Group Inc. now owns 7,902,461 shares of the bank’s stock worth $229,408,000 after purchasing an additional 125,020 shares during the last quarter. American Century Companies Inc. increased its stake in shares of WaFd by 31.6% during the 2nd quarter. American Century Companies Inc. now owns 1,274,665 shares of the bank’s stock worth $36,430,000 after purchasing an additional 305,942 shares during the last quarter. Bank of New York Mellon Corp increased its stake in shares of WaFd by 1.3% during the 2nd quarter. Bank of New York Mellon Corp now owns 728,619 shares of the bank’s stock worth $20,824,000 after purchasing an additional 9,262 shares during the last quarter. Clearbridge Investments LLC grew its stake in WaFd by 2.2% in the 1st quarter. Clearbridge Investments LLC now owns 606,140 shares of the bank’s stock valued at $17,596,000 after buying an additional 12,910 shares during the last quarter. Finally, Assenagon Asset Management S.A. acquired a new position in WaFd in the 3rd quarter valued at about $18,583,000. Institutional investors own 83.71% of the company’s stock.

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.