Dimensional Fund Advisors LP reduced its holdings in WaFd, Inc (NASDAQ:WAFD – Free Report) by 0.3% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 5,636,608 shares of the bank’s stock after selling 15,770 shares during the quarter. Dimensional Fund Advisors LP owned about 6.94% of WaFd worth $161,090,000 at the end of the most recent quarter.
A number of other hedge funds have also added to or reduced their stakes in WAFD. nVerses Capital LLC bought a new stake in shares of WaFd during the second quarter valued at approximately $80,000. Meeder Asset Management Inc. bought a new stake in shares of WaFd during the first quarter valued at approximately $194,000. Ameritas Investment Partners Inc. increased its holdings in shares of WaFd by 5.7% during the first quarter. Ameritas Investment Partners Inc. now owns 6,887 shares of the bank’s stock valued at $200,000 after acquiring an additional 373 shares in the last quarter. DekaBank Deutsche Girozentrale increased its holdings in shares of WaFd by 21.7% during the first quarter. DekaBank Deutsche Girozentrale now owns 7,322 shares of the bank’s stock valued at $210,000 after acquiring an additional 1,305 shares in the last quarter. Finally, SG Americas Securities LLC bought a new stake in shares of WaFd during the first quarter valued at approximately $237,000. 83.71% of the stock is currently owned by institutional investors.
WaFd Trading Down 3.3 %
Shares of WaFd stock opened at $35.20 on Friday. The stock has a fifty day simple moving average of $34.93 and a 200 day simple moving average of $30.30. WaFd, Inc has a 12-month low of $23.36 and a 12-month high of $37.49. The company has a market capitalization of $2.87 billion, a P/E ratio of 13.38 and a beta of 0.83. The company has a current ratio of 1.11, a quick ratio of 1.09 and a debt-to-equity ratio of 1.52.
WaFd Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 6th. Shareholders of record on Friday, August 23rd were given a $0.26 dividend. The ex-dividend date was Friday, August 23rd. This represents a $1.04 annualized dividend and a yield of 2.95%. WaFd’s dividend payout ratio is currently 39.54%.
Wall Street Analysts Forecast Growth
WAFD has been the subject of several recent research reports. Stephens boosted their price objective on WaFd from $32.00 to $36.00 and gave the company an “equal weight” rating in a report on Thursday, July 18th. StockNews.com upgraded WaFd from a “sell” rating to a “hold” rating in a report on Thursday, July 18th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $34.25.
View Our Latest Stock Report on WaFd
About WaFd
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.
Further Reading
- Five stocks we like better than WaFd
- 3 Warren Buffett Stocks to Buy Now
- Analysts Predict 85% Upside for Wave Life Sciences After Rate Cut
- Dividend Screener: How to Evaluate Dividend Stocks Before Buying
- FedEx Stock Dips: Another Reason to Fear Recession Is Near
- How to Plot Fibonacci Price Inflection Levels
- The Half-Penny Revolution: Will SEC’s Reform Benefit Investors?
Receive News & Ratings for WaFd Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for WaFd and related companies with MarketBeat.com's FREE daily email newsletter.