Price T Rowe Associates Inc. MD increased its holdings in WaFd, Inc (NASDAQ:WAFD – Free Report) by 9.1% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 40,018 shares of the bank’s stock after purchasing an additional 3,335 shares during the quarter. Price T Rowe Associates Inc. MD’s holdings in WaFd were worth $1,162,000, according to the most recent SEC filing.
Several other institutional investors have also recently bought and sold shares of the company. Norges Bank acquired a new stake in WaFd shares during the fourth quarter valued at about $15,363,000. Hsbc Holdings PLC acquired a new stake in WaFd shares during the fourth quarter valued at about $9,270,000. Foundry Partners LLC increased its stake in WaFd shares by 113.8% during the first quarter. Foundry Partners LLC now owns 261,656 shares of the bank’s stock valued at $7,596,000 after buying an additional 139,244 shares during the last quarter. Vanguard Group Inc. increased its stake in WaFd shares by 1.6% during the first quarter. Vanguard Group Inc. now owns 7,902,461 shares of the bank’s stock valued at $229,408,000 after buying an additional 125,020 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in shares of WaFd by 2.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 5,261,777 shares of the bank’s stock valued at $173,430,000 after purchasing an additional 123,575 shares in the last quarter. Institutional investors and hedge funds own 83.71% of the company’s stock.
Analysts set new price targets
Several brokerage firms have commented on WAFD. StockNews.com upgraded WaFd from a “sell” rating to a “hold” rating in a research note on Thursday, July 18. Stephens increased their price target on shares of WaFd from $32.00 to $36.00 and gave the company an “equal weight” rating in a research report on Thursday, July 18. Finally, Piper Sandler increased their price target on shares of WaFd from $29.00 to $31.00 and gave the stock a “neutral” rating in a research report on Monday, May 20. Three equities analysts have rated the stock with a “hold” rating and two have given a “buy” rating. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $34.25.
Check out our latest stock analysis on WAFD
WaFd trading down 0.2%
NASDAQ WAFD opened at $33.60 on Friday. The company’s 50-day moving average is $30.14 and its 200-day moving average is $28.84. The company has a debt-to-equity ratio of 1.52, a current ratio of 1.11 and a quick ratio of 1.09. The stock has a market cap of $2.74 billion, a price-to-earnings ratio of 12.78 and a beta of 0.83. WaFd, Inc has a one year low of $23.36 and a one year high of $36.52.
WaFd (NASDAQ:WAFD – Free Report) last released its quarterly earnings results on Tuesday, July 16. The bank reported $0.75 earnings per share for the quarter, beating analysts’ consensus estimates of $0.57 by $0.18. WaFd had a net margin of 14.13% and a return on equity of 9.58%. The company posted revenue of $194.44 million during the quarter, compared to analysts’ expectations of $185.36 million. In the same quarter last year, the company reported earnings per share of $0.89. WaFd’s revenue grew 6.6% year-over-year. Equities analysts forecast that WaFd, Inc. will report earnings per share of $2.88 for the current year.
WaFd Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Friday, June 7th. Shareholders of record on Friday, May 24th were paid a dividend of $0.26 per share. The ex-dividend date of this dividend was Thursday, May 23rd. This represents an annualized dividend of $1.04 and a dividend yield of 3.10%. WaFd’s payout ratio is 39.54%.
About WaFd
(Free report)
WaFd, Inc. is the bank holding company for Washington Federal Bank, which provides loans, deposits, insurance, and other banking services in the United States. The company offers deposit products, including business and personal accounts, certificates of deposit, and money market accounts and savings accounts.
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