WaFd (NASDAQ:WAFD) Price Target Lowered to $31.00 at Piper Sandler

WaFd (NASDAQ:WAFD) had its price target reduced by Piper Sandler from $37.00 to $31.00 in a research note issued to investors on Tuesday,Benzinga reports. They currently have a neutral rating on the bank’s stock.

Other equities analysts also recently issued reports about the company. Stephens restated an “equal weight” rating and issued a $38.00 target price on shares of WaFd in a research note on Friday, January 17th. DA Davidson lifted their price target on WaFd from $39.00 to $41.00 and gave the company a “buy” rating in a report on Monday, October 21st. Keefe, Bruyette & Woods cut their price target on WaFd from $42.00 to $34.00 and set a “market perform” rating on the stock in a report on Tuesday. Finally, StockNews.com raised 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 assigned a buy rating to the company. According to MarketBeat, WaFd currently has an average rating of “Hold” and an average price target of $36.00.

WaFd Stock Performance

Shares of WAFD stock opened at $29.88 on Tuesday. 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 has a 50 day moving average of $34.23 and a two-hundred day moving average of $34.43. WaFd has a 52 week low of $25.78 and a 52 week high of $38.62. The company has a market cap of $2.43 billion, a P/E ratio of 13.77 and a beta of 0.87.

WaFd Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 6th. Investors of record on Friday, November 22nd were issued a dividend of $0.26 per share. The ex-dividend date of this dividend was Friday, November 22nd. This represents a $1.04 annualized dividend and a yield of 3.48%. WaFd’s payout ratio is 47.93%.

Insider Buying and Selling

In related news, EVP Ryan Mauer sold 12,132 shares of the business’s stock in a transaction that occurred 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 sale, the executive vice president now owns 100,376 shares of the company’s stock, valued at $3,345,532.08. The trade was 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 at the SEC website. 1.46% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On WaFd

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Renaissance Technologies LLC raised its holdings in WaFd by 24.1% during the second quarter. Renaissance Technologies LLC now owns 139,530 shares of the bank’s stock worth $3,988,000 after purchasing an additional 27,100 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in WaFd by 7.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,225,248 shares of the bank’s stock worth $42,700,000 after purchasing an additional 84,155 shares in the last quarter. Citigroup Inc. raised its holdings in WaFd by 11.9% during the third quarter. Citigroup Inc. now owns 186,174 shares of the bank’s stock worth $6,488,000 after purchasing an additional 19,751 shares in the last quarter. Barclays PLC raised its holdings in WaFd by 33.3% during the third quarter. Barclays PLC now owns 161,958 shares of the bank’s stock worth $5,643,000 after purchasing an additional 40,499 shares in the last quarter. Finally, Franklin Resources Inc. increased its holdings in shares of WaFd by 6.7% in the third quarter. Franklin Resources Inc. now owns 26,463 shares of the bank’s stock valued at $954,000 after buying an additional 1,669 shares in the last quarter. Institutional investors own 83.71% of the company’s stock.

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.