WaFd, Inc. (NASDAQ:WAFD) Stock Has Average Target Price of $35.25 According to Analysts

Shares of WaFd, Inc. (NASDAQ:WAFD) have received an average recommendation of “Moderate Buy” from the five brokerages that are currently covering the firm, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation, one has assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year target price among analysts that have covered the stock in the last year is $35.25.

WAFD has been the subject of several research analyst reports. Piper Sandler dropped their price objective on WaFd from $36.00 to $32.00 and set a “neutral” rating for the company in a research note on Thursday, October 1st. DA Davidson decreased their target price on WaFd from $40.00 to $37.00 and set a “neutral” rating on the stock in a research report on Wednesday, September 9th. Weiss Ratings lowered shares of WaFd from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday, September 3rd. Finally, Zacks Research raised shares of WaFd from a “hold” rating to a “strong-buy” rating in a research note on Monday, October 5th.

WaFd Trading Up 1.9%

Shares of NASDAQ:WAFD opened at $29.45 on Tuesday. The business’s 50-day moving average is $33.66 and its 200 day moving average is $35.04. WaFd has a 1 year low of $26.31 and a 1 year high of $39.49. The firm has a market capitalization of $2.18 billion, a P/E ratio of 9.29 and a beta of 0.89. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.98 and a quick ratio of 0.98.

WaFd (NASDAQ:WAFD) last issued its earnings results on Thursday, October 15th. The bank reported $0.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.84 by $0.01. The company had revenue of $220.44 million during the quarter, compared to analysts’ expectations of $203.66 million. WaFd had a return on equity of 8.98% and a net margin of 18.47%. On average, research analysts predict that WaFd will post 3.22 earnings per share for the current fiscal year.

WaFd Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, September 4th. Stockholders of record on Friday, August 21st were issued a dividend of $0.27 per share. The ex-dividend date was Friday, August 21st. This represents a $1.08 dividend on an annualized basis and a dividend yield of 3.7%. WaFd’s payout ratio is presently 34.07%.

Institutional Investors Weigh In On WaFd

A number of large investors have recently modified their holdings of WAFD. Integrated Wealth Concepts LLC purchased a new stake in WaFd during the 2nd quarter worth approximately $26,000. Assetmark Inc. grew 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 buying an additional 905 shares in the last quarter. Nykredit A S acquired a new stake in shares of WaFd during the second quarter worth approximately $52,000. iSAM Funds UK Ltd acquired a new stake in shares of WaFd during the second quarter worth approximately $230,000. Finally, Empirical Asset Management LLC bought a new stake in shares of WaFd in the second quarter worth $245,000. Institutional investors and hedge funds own 83.71% of the company’s stock.

About WaFd

WaFd, Inc is a bank holding company headquartered in Seattle, Washington, and the parent company of WaFd Bank. Founded in 1917 as Washington Federal, the company adopted the WaFd name in 2024. WaFd Bank provides banking and financial services to individuals, families, businesses and nonprofit organizations.

The bank offers deposit accounts, residential mortgage lending, home equity financing, commercial real estate loans, commercial and industrial lending, construction financing and consumer banking products.