WaFd (NASDAQ:WAFD) Stock Gets Price Target Cut from Keefe, Bruyette & Woods

WaFd (NASDAQ:WAFD) had its price target decreased by Keefe, Bruyette & Woods from $40.00 to $34.00 in a report published on Monday,Benzinga reports. Keefe, Bruyette & Woods currently has a market perform rating on the bank’s stock.

Several other research analysts also recently commented on the company. DA Davidson dropped their price target on WaFd from $40.00 to $37.00 and set a “neutral” rating on the stock in a research report on Wednesday, September 9th. Piper Sandler cut their price target on WaFd from $32.00 to $31.00 and set a “neutral” rating for the company in a report on Monday. Zacks Research raised WaFd from a “hold” rating to a “strong-buy” rating in a research report on Monday, October 5th. Finally, Weiss Ratings downgraded shares of WaFd from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, September 3rd. One investment analyst has rated the stock with a Strong Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $32.50.

WaFd Trading Down 0.9%

WaFd stock opened at $28.35 on Monday. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.98 and a current ratio of 0.94. The business’s 50-day simple moving average is $32.94 and its 200-day simple moving average is $34.96. The firm has a market capitalization of $2.10 billion, a PE ratio of 8.83 and a beta of 0.89. WaFd has a 52 week low of $28.10 and a 52 week high of $39.49.

WaFd (NASDAQ:WAFD) last announced its earnings results on Thursday, October 15th. The bank reported $0.85 earnings per share for the quarter, beating the consensus estimate of $0.84 by $0.01. WaFd had a return on equity of 9.37% and a net margin of 18.04%. The firm had revenue of $220.44 million during the quarter, compared to the consensus estimate of $203.66 million. Equities research analysts forecast that WaFd will post 3.34 earnings per share for the current year.

WaFd Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, September 4th. Investors of record on Friday, August 21st were paid a $0.27 dividend. This represents a $1.08 annualized dividend and a dividend yield of 3.8%. The ex-dividend date was Friday, August 21st. WaFd’s dividend payout ratio (DPR) is presently 33.64%.

Institutional Investors Weigh In On WaFd

Institutional investors have recently added to or reduced their stakes in the company. Integrated Wealth Concepts LLC acquired a new position in WaFd in the 2nd quarter valued at approximately $26,000. Assetmark Inc. grew its holdings in shares of WaFd by 3,620.0% during the 1st quarter. Assetmark Inc. now owns 930 shares of the bank’s stock worth $29,000 after purchasing an additional 905 shares in the last quarter. Nykredit A S acquired a new stake in shares of WaFd during the 2nd quarter worth approximately $52,000. Nisa Investment Advisors LLC grew its holdings in shares of WaFd by 10.0% during the 3rd quarter. Nisa Investment Advisors LLC now owns 4,585 shares of the bank’s stock worth $137,000 after purchasing an additional 418 shares in the last quarter. Finally, iSAM Funds UK Ltd bought a new stake in shares of WaFd during the second quarter valued at approximately $230,000. 83.71% of the stock is owned by institutional investors and hedge funds.

About WaFd

WaFd, Inc (NASDAQ: WAFD) is the parent company of WaFd Bank, a regional financial institution that provides banking and lending services to individuals, families, businesses and real estate investors. The bank offers deposit accounts, checking and savings products, residential mortgages, home equity loans, commercial real estate financing, business loans and construction lending.

WaFd Bank also provides treasury management and cash-management services for businesses, along with personal and commercial banking solutions through its branch network and digital banking platforms.