Cwm LLC Sells 1,734 Shares of WaFd, Inc (NASDAQ:WAFD)

Cwm LLC lessened its holdings in WaFd, Inc (NASDAQ:WAFD) by 5.1% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 31,953 shares of the bank’s stock after selling 1,734 shares during the quarter. Cwm LLC’s holdings in WaFd were worth $928,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. lifted its position in shares of WaFd by 4.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 956,690 shares of the bank’s stock valued at $24,510,000 after buying an additional 42,432 shares during the last quarter. Deutsche Bank AG lifted its position in shares of WaFd by 13.3% during the 3rd quarter. Deutsche Bank AG now owns 31,367 shares of the bank’s stock valued at $804,000 after buying an additional 3,686 shares during the last quarter. FMR LLC lifted its position in shares of WaFd by 2.0% during the 3rd quarter. FMR LLC now owns 120,314 shares of the bank’s stock valued at $3,082,000 after buying an additional 2,304 shares during the last quarter. Covestor Ltd lifted its position in shares of WaFd by 22.6% during the 3rd quarter. Covestor Ltd now owns 7,489 shares of the bank’s stock valued at $192,000 after buying an additional 1,383 shares during the last quarter. Finally, Natixis Advisors L.P. purchased a new position in shares of WaFd during the 3rd quarter valued at $322,000. Institutional investors own 83.71% of the company’s stock.

Analyst Upgrades and Downgrades

WAFD has been the topic of a number of recent research reports. Piper Sandler upped their price target on WaFd from $29.00 to $31.00 and gave the company a “neutral” rating in a research report on Monday, May 20th. DA Davidson reaffirmed a “buy” rating and set a $35.00 price target on shares of WaFd in a research report on Thursday, April 11th. StockNews.com cut WaFd from a “hold” rating to a “sell” rating in a report on Thursday, March 21st. Finally, Stephens reissued an “equal weight” rating and set a $32.00 price objective on shares of WaFd in a report on Tuesday, April 23rd. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $33.25.

WaFd Stock Performance

Shares of WAFD opened at $26.40 on Friday. The stock’s 50-day simple moving average is $27.72 and its 200 day simple moving average is $28.81. The stock has a market capitalization of $2.15 billion, a price-to-earnings ratio of 10.04 and a beta of 0.85. The company has a debt-to-equity ratio of 2.07, a quick ratio of 1.03 and a current ratio of 1.17. WaFd, Inc has a 52-week low of $23.36 and a 52-week high of $34.07.

WaFd (NASDAQ:WAFD) last issued its quarterly earnings data on Monday, April 22nd. The bank reported $0.73 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.31 by $0.42. WaFd had a return on equity of 10.02% and a net margin of 15.33%. The business had revenue of $171.99 million for the quarter, compared to analysts’ expectations of $170.74 million. During the same quarter in the prior year, the firm posted $0.95 EPS. The firm’s quarterly revenue was down 7.1% on a year-over-year basis. Research analysts forecast that WaFd, Inc will post 2.79 EPS for the current fiscal year.

WaFd Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 7th. Shareholders of record on Friday, May 24th were issued a $0.26 dividend. The ex-dividend date of this dividend was Thursday, May 23rd. This represents a $1.04 annualized dividend and a dividend yield of 3.94%. WaFd’s payout ratio is currently 39.54%.

WaFd Profile

WaFd, Inc operates as the bank holding company for Washington Federal Bank that provides lending, depository, insurance, and other banking services in the United States. The company offers deposit products, including business and personal checking accounts, and term certificates of deposit, as well as money market accounts and passbook savings accounts.