Stephens Reiterates “Equal Weight” Rating for WaFd (NASDAQ:WAFD)

WaFd (NASDAQ:WAFD)‘s stock had its “equal weight” rating restated by equities research analysts at Stephens in a research report issued on Tuesday, Benzinga reports. They currently have a $32.00 target price on the bank’s stock. Stephens’ price target would indicate a potential upside of 12.72% from the stock’s previous close.

WAFD has been the subject of several other reports. DA Davidson restated a “buy” rating and issued a $35.00 price objective on shares of WaFd in a report on Thursday, April 11th. Keefe, Bruyette & Woods lowered their target price on shares of WaFd from $37.00 to $35.00 and set an “outperform” rating for the company in a report on Thursday, January 18th. Finally, StockNews.com lowered shares of WaFd from a “hold” rating to a “sell” rating in a report on Thursday, March 21st.

WaFd Stock Down 0.7 %

Shares of NASDAQ:WAFD opened at $28.39 on Tuesday. The stock’s 50-day moving average price is $27.78 and its 200-day moving average price is $28.32. WaFd has a 12-month low of $23.36 and a 12-month high of $34.07. The stock has a market capitalization of $1.84 billion, a P/E ratio of 10.79 and a beta of 0.85. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 1.80.

Hedge Funds Weigh In On WaFd

A number of hedge funds have recently added to or reduced their stakes in WAFD. Headlands Technologies LLC bought a new position in WaFd in the 3rd quarter worth about $35,000. EMC Capital Management boosted its stake in shares of WaFd by 90.2% during the third 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 in the last quarter. Covestor Ltd boosted its stake in shares of WaFd by 22.6% during the third quarter. Covestor Ltd now owns 7,489 shares of the bank’s stock valued at $192,000 after purchasing an additional 1,383 shares in the last quarter. DekaBank Deutsche Girozentrale purchased a new stake in WaFd during the fourth quarter valued at approximately $201,000. Finally, Diversified Trust Co purchased a new stake in WaFd during the fourth quarter valued at approximately $221,000. 83.71% of the stock is currently owned by institutional investors.

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.