Zacks Research Forecasts WaFd’s Q1 Earnings (NASDAQ:WAFD)

WaFd, Inc. (NASDAQ:WAFD) – Investment analysts at Zacks Research dropped their Q1 2027 earnings per share estimates for shares of WaFd in a research report issued to clients and investors on Thursday, November 5th. Zacks Research analyst Team now forecasts that the bank will post earnings of $0.80 per share for the quarter, down from their prior forecast of $0.84. Zacks Research currently has a “Hold” rating on the stock. The consensus estimate for WaFd’s current full-year earnings is $3.34 per share. Zacks Research also issued estimates for WaFd’s Q2 2027 earnings at $0.79 EPS, Q3 2027 earnings at $0.80 EPS, Q4 2027 earnings at $0.83 EPS, Q1 2028 earnings at $0.82 EPS, Q2 2028 earnings at $0.82 EPS, Q3 2028 earnings at $0.83 EPS, Q4 2028 earnings at $0.85 EPS, FY2028 earnings at $3.32 EPS and FY2029 earnings at $3.39 EPS.

WaFd (NASDAQ:WAFD) last released 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 analyst estimates of $203.66 million. WaFd had a return on equity of 9.37% and a net margin of 18.04%.

A number of other research analysts also recently issued reports on WAFD. DA Davidson set a $31.00 price objective on WaFd in a research note on Monday, October 19th. Piper Sandler lowered their target price on WaFd from $32.00 to $31.00 and set a “neutral” rating on the stock in a research note on Monday, October 19th. Keefe, Bruyette & Woods cut their price target on shares of WaFd from $40.00 to $34.00 and set a “market perform” rating on the stock in a report on Monday, October 19th. Finally, Weiss Ratings lowered shares of WaFd from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, October 19th. Five equities research analysts have rated the stock with a Hold rating. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $32.50.

WaFd Stock Performance

Shares of WaFd stock opened at $29.49 on Friday. The business’s fifty day simple moving average is $31.34 and its 200 day simple moving average is $33.88. The firm has a market capitalization of $2.18 billion, a P/E ratio of 9.30 and a beta of 0.90. WaFd has a 12 month low of $28.10 and a 12 month high of $39.49. The company has a current ratio of 0.94, a quick ratio of 0.92 and a debt-to-equity ratio of 0.92.

Hedge Funds Weigh In On WaFd

Several institutional investors have recently bought and sold shares of WAFD. Maryland State Retirement & Pension System grew its holdings in WaFd by 51.1% during the third quarter. Maryland State Retirement & Pension System now owns 16,355 shares of the bank’s stock valued at $490,000 after purchasing an additional 5,534 shares during the period. Illinois Municipal Retirement Fund increased its position in WaFd by 3.2% in the third quarter. Illinois Municipal Retirement Fund now owns 40,382 shares of the bank’s stock worth $1,209,000 after buying an additional 1,254 shares during the last quarter. ProShare Advisors LLC increased its position in WaFd by 44.1% in the third quarter. ProShare Advisors LLC now owns 278,026 shares of the bank’s stock worth $8,321,000 after buying an additional 85,120 shares during the last quarter. Nisa Investment Advisors LLC raised its stake in shares of WaFd by 10.0% in the third quarter. Nisa Investment Advisors LLC now owns 4,585 shares of the bank’s stock valued at $137,000 after buying an additional 418 shares during the period. Finally, Congress Asset Management Co. raised its stake in shares of WaFd by 21.6% in the third quarter. Congress Asset Management Co. now owns 338,027 shares of the bank’s stock valued at $10,117,000 after buying an additional 60,135 shares during the period. Hedge funds and other institutional investors own 83.71% of the company’s stock.

WaFd Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, September 4th. Investors of record on Friday, August 21st were issued a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 3.7%. The ex-dividend date of this dividend was Friday, August 21st. WaFd’s payout ratio is 33.64%.

Key Headlines Impacting WaFd

Here are the key news stories impacting WaFd this week:

• Negative Sentiment: Zacks cut its fiscal 2028 EPS forecast to $3.32 from $3.53 and reduced estimates for several 2027–2028 quarters. The broad revisions suggest a less favorable earnings outlook and are the clearest potential source of downward pressure on WAFD. WaFd estimates
• Negative Sentiment: Zacks Research recently lowered its rating on WaFd from “Strong Buy” to “Hold,” another negative shift in analyst sentiment. Zacks Research recommendations
• Neutral Sentiment: Zacks forecasts fiscal 2029 EPS of $3.39, modestly above its fiscal 2028 estimate, and kept its “Hold” rating. The supplied reports do not cite a new company announcement or change to the current-year consensus estimate of $3.34 per share.

WaFd Company Profile

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.