WaFd, Inc. (NASDAQ:WAFD) Given Consensus Rating of “Hold” by Brokerages

WaFd, Inc. (NASDAQ:WAFD) has been assigned a consensus rating of “Hold” from the five analysts that are presently covering the stock, MarketBeat Ratings reports. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average 12 month price target among brokerages that have covered the stock in the last year is $37.00.

A number of equities research analysts recently weighed in on the company. Zacks Research cut WaFd from a “strong-buy” rating to a “hold” rating in a report on Monday, June 22nd. DA Davidson boosted their price objective on WaFd from $38.00 to $40.00 and gave the stock a “neutral” rating in a research note on Monday, July 20th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of WaFd in a report on Wednesday.

Institutional Investors Weigh In On WaFd

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Assetmark Inc. lifted its position in shares of WaFd by 3,620.0% during the first 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. Northwestern Mutual Wealth Management Co. increased its holdings in shares of WaFd by 42.8% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,174 shares of the bank’s stock valued at $34,000 after purchasing an additional 352 shares in the last quarter. McIlrath & Eck LLC raised its position in WaFd by 57.6% in the 2nd quarter. McIlrath & Eck LLC now owns 1,327 shares of the bank’s stock worth $39,000 after purchasing an additional 485 shares during the last quarter. Nykredit A S bought a new position in WaFd in the 2nd quarter worth approximately $52,000. Finally, Danske Bank A S acquired a new position in WaFd during the 3rd quarter worth $51,000. Institutional investors and hedge funds own 83.71% of the company’s stock.

WaFd Stock Performance

Shares of WAFD stock opened at $36.38 on Monday. The company has a market capitalization of $2.69 billion, a P/E ratio of 11.48 and a beta of 0.84. WaFd has a 12-month low of $26.31 and a 12-month high of $39.49. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 1.20. The firm has a 50-day moving average price of $37.43 and a 200 day moving average price of $34.87.

WaFd (NASDAQ:WAFD) last issued its quarterly earnings data on Friday, July 17th. The bank reported $0.81 earnings per share for the quarter, missing the consensus estimate of $0.82 by ($0.01). WaFd had a return on equity of 8.98% and a net margin of 18.47%.The firm had revenue of $205.52 million for the quarter, compared to the consensus estimate of $199.56 million. Research analysts forecast that WaFd will post 3.21 earnings per share for the current fiscal year.

WaFd Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 4th. Investors of record on Friday, August 21st will be given a dividend of $0.27 per share. The ex-dividend date is Friday, August 21st. This represents a $1.08 annualized dividend and a yield of 3.0%. WaFd’s dividend payout ratio is 34.07%.

WaFd Company Profile

Washington Federal, Inc, doing business as WaFd Bank, is a publicly traded bank holding company headquartered in Seattle, Washington. Through its subsidiary, WaFd Bank, the company provides a range of banking and financial services to individuals, small-to-medium enterprises, and commercial clients. Established in 1917 as Ballard Savings & Loan in Seattle, the institution expanded over decades to serve customers across the Western United States under the Washington Federal name and has operated as a public company since the early 1980s.

WaFd Bank’s core offerings encompass deposit accounts such as checking, savings, money market, and certificates of deposit, alongside consumer and commercial lending products.