WaFd, Inc (NASDAQ:WAFD) Shares Purchased by Sanctuary Advisors LLC

Sanctuary Advisors LLC raised its holdings in WaFd, Inc (NASDAQ:WAFD) by 10.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 9,958 shares of the bank’s stock after purchasing an additional 913 shares during the quarter. Sanctuary Advisors LLC’s holdings in WaFd were worth $370,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently added to or reduced their stakes in the company. Blue Trust Inc. boosted its holdings in 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 purchasing an additional 531 shares in the last quarter. McIlrath & Eck LLC boosted its holdings in WaFd by 112.7% in the 3rd quarter. McIlrath & Eck LLC now owns 1,323 shares of the bank’s stock valued at $46,000 after purchasing an additional 701 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its stake in shares of 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 acquiring an additional 822 shares in the last quarter. GAMMA Investing LLC boosted its stake in shares of WaFd by 515.8% during the 3rd quarter. GAMMA Investing LLC now owns 1,558 shares of the bank’s stock worth $54,000 after acquiring an additional 1,305 shares in the last quarter. Finally, Covestor Ltd boosted 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 worth $66,000 after acquiring an additional 715 shares in the last quarter. Hedge funds and other institutional investors own 83.71% of the company’s stock.

WaFd Trading Down 1.4 %

Shares of WAFD opened at $32.61 on Friday. The stock has a fifty day moving average of $35.26 and a two-hundred day moving average of $33.83. 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 company has a market capitalization of $2.65 billion, a PE ratio of 13.15 and a beta of 0.84. WaFd, Inc has a fifty-two week low of $25.78 and a fifty-two week high of $38.62.

WaFd (NASDAQ:WAFD) last issued its quarterly earnings results on Thursday, October 17th. The bank reported $0.71 earnings per share for the quarter, beating the consensus estimate of $0.70 by $0.01. The company had revenue of $389.98 million during the quarter, compared to the consensus estimate of $190.43 million. WaFd had a return on equity of 9.44% and a net margin of 13.97%. During the same period in the previous year, the firm posted $0.72 EPS. As a group, analysts forecast that WaFd, Inc will post 2.82 EPS for the current year.

WaFd Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, December 6th. Investors of record on Friday, November 22nd were given a dividend of $0.26 per share. The ex-dividend date was Friday, November 22nd. This represents a $1.04 dividend on an annualized basis and a yield of 3.19%. WaFd’s dividend payout ratio (DPR) is 41.94%.

Analyst Ratings Changes

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

Insider Buying and Selling

In related news, EVP Ryan Mauer sold 12,132 shares of the company’s stock in a transaction on Monday, November 4th. The shares were 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 approximately $3,345,532.08. This represents a 10.78 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 2.25% of the stock is owned by corporate insiders.

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.