Dynamic Technology Lab Private Ltd Takes $243,000 Position in WaFd, Inc (NASDAQ:WAFD)

Dynamic Technology Lab Private Ltd bought a new stake in WaFd, Inc (NASDAQ:WAFD) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 6,966 shares of the bank’s stock, valued at approximately $243,000.

A number of other large investors have also recently bought and sold shares of WAFD. Blue Trust Inc. boosted its holdings in shares of WaFd by 80.8% in the 3rd quarter. Blue Trust Inc. now owns 1,188 shares of the bank’s stock valued at $41,000 after acquiring an additional 531 shares during the last quarter. GAMMA Investing LLC boosted its holdings in WaFd by 515.8% in the third quarter. GAMMA Investing LLC now owns 1,558 shares of the bank’s stock valued at $54,000 after purchasing an additional 1,305 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its position in WaFd by 100.0% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,644 shares of the bank’s stock worth $47,000 after purchasing an additional 822 shares during the period. Covestor Ltd raised its stake in shares of WaFd by 60.1% during the 3rd quarter. Covestor Ltd now owns 1,904 shares of the bank’s stock valued at $66,000 after buying an additional 715 shares during the last quarter. Finally, KBC Group NV lifted its holdings in shares of WaFd by 35.1% in 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 during the period. Hedge funds and other institutional investors own 83.71% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Insiders Place Their Bets

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

WaFd Stock Down 1.4 %

NASDAQ WAFD opened at $36.58 on Monday. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 1.21. The business’s fifty day simple moving average is $35.44 and its 200-day simple moving average is $32.98. WaFd, Inc has a 52 week low of $25.78 and a 52 week high of $38.62. The firm has a market cap of $2.98 billion, a PE ratio of 14.75 and a beta of 0.83.

WaFd (NASDAQ:WAFD) last issued its quarterly earnings data on Thursday, October 17th. The bank reported $0.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.70 by $0.01. The firm had revenue of $389.98 million for 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 period in the previous year, the firm earned $0.72 EPS. As a group, equities analysts anticipate that WaFd, Inc will post 2.82 earnings per share for the current year.

WaFd Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Friday, November 22nd will be paid a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a yield of 2.84%. The ex-dividend date of this dividend is Friday, November 22nd. WaFd’s payout ratio is currently 41.94%.

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.