FY2024 EPS Estimates for WaFd, Inc Lowered by Zacks Research (NASDAQ:WAFD)

WaFd, Inc (NASDAQ:WAFD) – Analysts at Zacks Research cut their FY2024 EPS estimates for WaFd in a research report issued on Monday, June 24th. Zacks Research analyst S. Shah now anticipates that the bank will post earnings of $2.79 per share for the year, down from their prior estimate of $2.84. The consensus estimate for WaFd’s current full-year earnings is $2.79 per share. Zacks Research also issued estimates for WaFd’s Q3 2025 earnings at $0.76 EPS, Q4 2025 earnings at $0.84 EPS, FY2025 earnings at $2.99 EPS and Q2 2026 earnings at $0.89 EPS.

WaFd (NASDAQ:WAFD) last posted its quarterly earnings data on Monday, April 22nd. The bank reported $0.73 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.31 by $0.42. WaFd had a net margin of 15.33% and a return on equity of 10.02%. The company had revenue of $171.99 million for the quarter, compared to the consensus estimate of $170.74 million. During the same period last year, the company earned $0.95 earnings per share. The firm’s revenue was down 7.1% compared to the same quarter last year.

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

WaFd Price Performance

NASDAQ WAFD opened at $26.93 on Thursday. The company has a quick ratio of 1.03, a current ratio of 1.17 and a debt-to-equity ratio of 2.07. WaFd has a 12-month low of $23.36 and a 12-month high of $34.07. The company has a market capitalization of $2.19 billion, a PE ratio of 10.24 and a beta of 0.85. The firm’s 50 day moving average is $27.71 and its 200-day moving average is $28.72.

WaFd Dividend Announcement

The business also recently disclosed 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 was Thursday, May 23rd. This represents a $1.04 annualized dividend and a dividend yield of 3.86%. WaFd’s dividend payout ratio is currently 39.54%.

Hedge Funds Weigh In On WaFd

Several institutional investors and hedge funds have recently modified their holdings of the stock. Deutsche Bank AG boosted its position in shares of WaFd by 13.3% in the third quarter. Deutsche Bank AG now owns 31,367 shares of the bank’s stock valued at $804,000 after acquiring an additional 3,686 shares during the period. FMR LLC boosted its position in shares of WaFd by 2.0% in the third quarter. FMR LLC now owns 120,314 shares of the bank’s stock valued at $3,082,000 after acquiring an additional 2,304 shares during the period. Natixis Advisors L.P. bought a new stake in shares of WaFd in the third quarter valued at about $322,000. Teza Capital Management LLC bought a new stake in shares of WaFd in the third quarter valued at about $228,000. Finally, Caxton Associates LP boosted its position in shares of WaFd by 99.3% in the third quarter. Caxton Associates LP now owns 60,133 shares of the bank’s stock valued at $1,541,000 after acquiring an additional 29,966 shares during the period. 83.71% of the stock is currently owned by institutional investors and hedge funds.

WaFd Company 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.