WaFd, Inc. $WAFD Shares Sold by EMC Capital Management

EMC Capital Management trimmed its position in shares of WaFd, Inc. (NASDAQ:WAFD) by 58.1% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,937 shares of the bank’s stock after selling 5,451 shares during the quarter. EMC Capital Management’s holdings in WaFd were worth $115,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the company. Invesco Ltd. increased its stake in WaFd by 124.3% during the 1st quarter. Invesco Ltd. now owns 1,107,097 shares of the bank’s stock worth $31,641,000 after buying an additional 613,596 shares during the period. Northern Trust Corp boosted its position in WaFd by 5.1% in the 1st quarter. Northern Trust Corp now owns 875,079 shares of the bank’s stock valued at $25,010,000 after buying an additional 42,653 shares during the period. Aigen Investment Management LP acquired a new position in shares of WaFd in the first quarter worth $281,000. New Age Alpha Advisors LLC acquired a new stake in shares of WaFd in the first quarter valued at $335,000. Finally, Hsbc Holdings PLC raised its stake in shares of WaFd by 20.7% in the first quarter. Hsbc Holdings PLC now owns 9,377 shares of the bank’s stock valued at $268,000 after acquiring an additional 1,608 shares in the last quarter. 83.71% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

WAFD has been the subject of several analyst reports. Keefe, Bruyette & Woods lowered their target price on WaFd from $32.00 to $31.00 and set a “market perform” rating for the company in a research note on Monday, October 20th. Wall Street Zen cut WaFd from a “hold” rating to a “sell” rating in a research note on Saturday, October 18th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of WaFd in a research note on Wednesday, October 8th. Five equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $32.00.

Insider Buying and Selling

In related news, Director Sean Singleton sold 1,004 shares of WaFd stock in a transaction on Wednesday, September 17th. The shares were sold at an average price of $31.71, for a total transaction of $31,836.84. Following the sale, the director directly owned 9,278 shares in the company, valued at $294,205.38. This trade represents a 9.76% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.46% of the stock is owned by corporate insiders.

WaFd Stock Up 1.8%

Shares of NASDAQ WAFD opened at $31.24 on Thursday. The business has a 50-day moving average of $30.01 and a two-hundred day moving average of $29.88. The company has a market capitalization of $2.46 billion, a price-to-earnings ratio of 11.83 and a beta of 0.89. WaFd, Inc. has a 1 year low of $23.75 and a 1 year high of $38.62. The company has a debt-to-equity ratio of 0.64, a current ratio of 0.96 and a quick ratio of 0.98.

WaFd (NASDAQ:WAFD) last announced its quarterly earnings results on Tuesday, October 28th. The bank reported $0.72 earnings per share (EPS) for the quarter. The firm had revenue of $169.23 million during the quarter. WaFd had a return on equity of 8.40% and a net margin of 16.02%. On average, analysts forecast that WaFd, Inc. will post 2.56 earnings per share for the current fiscal year.

WaFd Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, December 5th. Stockholders of record on Friday, November 21st will be issued a $0.27 dividend. The ex-dividend date is Friday, November 21st. This represents a $1.08 annualized dividend and a dividend yield of 3.5%. WaFd’s dividend payout ratio is presently 40.91%.

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.