Thrivent Financial for Lutherans Lowers Position in WaFd, Inc (NASDAQ:WAFD)

Thrivent Financial for Lutherans trimmed its position in shares of WaFd, Inc (NASDAQ:WAFD) by 41.6% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 67,820 shares of the bank’s stock after selling 48,318 shares during the quarter. Thrivent Financial for Lutherans owned approximately 0.08% of WaFd worth $2,364,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the company. Mutual of America Capital Management LLC boosted its position in WaFd by 10.0% during the third quarter. Mutual of America Capital Management LLC now owns 12,215 shares of the bank’s stock worth $426,000 after purchasing an additional 1,108 shares in the last quarter. Natixis Advisors LLC increased its position in shares of WaFd by 9.3% in the third quarter. Natixis Advisors LLC now owns 18,187 shares of the bank’s stock valued at $634,000 after buying an additional 1,548 shares in the last quarter. CIBC Asset Management Inc acquired a new position in shares of WaFd during the 3rd quarter worth approximately $247,000. KBC Group NV lifted its position in shares of WaFd by 35.1% during the 3rd quarter. KBC Group NV now owns 2,797 shares of the bank’s stock valued at $97,000 after buying an additional 726 shares in the last quarter. Finally, Covestor Ltd grew its stake in WaFd by 60.1% in the 3rd quarter. Covestor Ltd now owns 1,904 shares of the bank’s stock valued at $66,000 after acquiring an additional 715 shares during the period. 83.71% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, EVP Ryan Mauer sold 12,132 shares of the stock in a transaction on Monday, November 4th. The stock was sold at an average price of $33.33, for a total transaction of $404,359.56. Following the completion of the sale, the executive vice president now directly owns 100,376 shares of the company’s stock, valued at $3,345,532.08. This trade represents a 10.78 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 2.25% of the company’s stock.

WaFd Stock Down 0.2 %

WAFD stock opened at $37.11 on Thursday. The firm’s 50 day moving average price is $35.38 and its 200-day moving average price is $32.81. The company has a debt-to-equity ratio of 1.21, a quick ratio of 1.08 and a current ratio of 1.08. The firm has a market cap of $3.02 billion, a PE ratio of 14.96 and a beta of 0.83. WaFd, Inc has a one year low of $25.78 and a one year high of $38.62.

WaFd (NASDAQ:WAFD) last posted its quarterly earnings data on Thursday, October 17th. The bank reported $0.71 EPS for the quarter, beating the consensus estimate of $0.70 by $0.01. The business had revenue of $389.98 million during the quarter, compared to analyst estimates of $190.43 million. WaFd had a net margin of 13.97% and a return on equity of 9.44%. During the same quarter last year, the firm posted $0.72 earnings per share. On average, equities research analysts anticipate that WaFd, Inc will post 2.82 EPS for the current year.

WaFd Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Friday, November 22nd will be paid a $0.26 dividend. The ex-dividend date is Friday, November 22nd. This represents a $1.04 annualized dividend and a yield of 2.80%. WaFd’s dividend payout ratio is currently 41.94%.

Analyst Ratings Changes

A number of research firms have recently commented on WAFD. DA Davidson boosted their target price on shares of WaFd from $39.00 to $41.00 and gave the stock a “buy” rating in a research note on Monday, October 21st. StockNews.com upgraded WaFd from a “sell” rating to a “hold” rating in a research note on Tuesday, November 12th. Piper Sandler reduced their target price on WaFd from $36.00 to $35.00 and set a “neutral” rating for the company in a report on Monday, October 21st. Finally, Keefe, Bruyette & Woods reiterated a “market perform” rating and issued a $40.00 target price on shares of WaFd in a research report on Monday, October 21st. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $38.00.

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.