Amalgamated Bank Decreases Stake in WaFd, Inc (NASDAQ:WAFD)

Amalgamated Bank cut its holdings in shares of WaFd, Inc (NASDAQ:WAFD) by 2.8% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 20,659 shares of the bank’s stock after selling 601 shares during the period. Amalgamated Bank’s holdings in WaFd were worth $590,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. nVerses Capital LLC bought a new stake in WaFd in the 2nd quarter worth approximately $80,000. Meeder Asset Management Inc. purchased a new position in shares of WaFd in the 1st quarter worth $194,000. Ameritas Investment Partners Inc. grew its holdings in shares of WaFd by 5.7% in the first quarter. Ameritas Investment Partners Inc. now owns 6,887 shares of the bank’s stock worth $200,000 after acquiring an additional 373 shares during the period. DekaBank Deutsche Girozentrale increased its position in 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 during the last quarter. Finally, SG Americas Securities LLC bought a new position in WaFd in the first quarter valued at about $237,000. 83.71% of the stock is currently owned by institutional investors.

WaFd Stock Up 0.5 %

NASDAQ:WAFD opened at $34.45 on Friday. The company has a debt-to-equity ratio of 1.52, a current ratio of 1.11 and a quick ratio of 1.09. WaFd, Inc has a 1-year low of $23.36 and a 1-year high of $37.49. The company has a 50-day moving average of $35.06 and a 200 day moving average of $30.52. The firm has a market cap of $2.80 billion, a PE ratio of 13.10 and a beta of 0.83.

WaFd (NASDAQ:WAFD) last announced its earnings results on Tuesday, July 16th. The bank reported $0.75 earnings per share for the quarter, beating the consensus estimate of $0.57 by $0.18. The company had revenue of $194.44 million during the quarter, compared to the consensus estimate of $185.36 million. WaFd had a net margin of 14.13% and a return on equity of 9.58%. WaFd’s revenue was up 6.6% compared to the same quarter last year. During the same period last year, the firm earned $0.89 earnings per share. As a group, research analysts anticipate that WaFd, Inc will post 3 EPS for the current fiscal year.

WaFd Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 6th. Shareholders of record on Friday, August 23rd were issued a $0.26 dividend. The ex-dividend date of this dividend was Friday, August 23rd. This represents a $1.04 dividend on an annualized basis and a yield of 3.02%. WaFd’s payout ratio is 39.54%.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on WAFD. Stephens boosted their price target on WaFd from $32.00 to $36.00 and gave the company an “equal weight” rating in a research note on Thursday, July 18th. StockNews.com upgraded shares of WaFd from a “sell” rating to a “hold” rating in a research report on Thursday, July 18th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, WaFd has an average rating of “Hold” and a consensus target price of $34.25.

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.