WaFd (NASDAQ:WAFD) Price Target Lowered to $34.00 at Keefe, Bruyette & Woods

WaFd (NASDAQ:WAFD) had its target price cut by Keefe, Bruyette & Woods from $42.00 to $34.00 in a research report sent to investors on Tuesday,Benzinga reports. They currently have a market perform rating on the bank’s stock.

Several other research analysts have also recently issued reports on the company. StockNews.com raised WaFd from a “sell” rating to a “hold” rating in a research report on Tuesday, November 12th. DA Davidson upped their price objective on WaFd from $39.00 to $41.00 and gave the stock a “buy” rating in a research report on Monday, October 21st. Piper Sandler lowered their price objective on WaFd from $36.00 to $35.00 and set a “neutral” rating for the company in a research report on Monday, October 21st. Finally, Stephens reaffirmed an “equal weight” rating and set a $38.00 price objective on shares of WaFd in a research report on Friday, January 17th. Four analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $36.00.

WaFd Trading Down 1.2 %

WAFD opened at $29.88 on Tuesday. WaFd has a 12 month low of $25.78 and a 12 month high of $38.62. The stock has a market capitalization of $2.43 billion, a price-to-earnings ratio of 13.77 and a beta of 0.87. The company has a debt-to-equity ratio of 1.21, a current ratio of 1.08 and a quick ratio of 1.08. The business has a fifty day moving average price of $34.23 and a 200 day moving average price of $34.43.

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 given a $0.26 dividend. The ex-dividend date of this dividend was Friday, November 22nd. This represents a $1.04 dividend on an annualized basis and a dividend yield of 3.48%. WaFd’s dividend payout ratio (DPR) is presently 47.93%.

Insider Activity at WaFd

In related news, EVP Ryan Mauer sold 12,132 shares of the company’s 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 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 represents a 10.78 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 1.46% of the company’s stock.

Institutional Trading of WaFd

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Renaissance Technologies LLC raised its stake in WaFd by 24.1% during the 2nd quarter. Renaissance Technologies LLC now owns 139,530 shares of the bank’s stock valued at $3,988,000 after acquiring an additional 27,100 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in WaFd by 7.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,225,248 shares of the bank’s stock valued at $42,700,000 after acquiring an additional 84,155 shares during the last quarter. Citigroup Inc. raised its stake in WaFd by 11.9% during the 3rd quarter. Citigroup Inc. now owns 186,174 shares of the bank’s stock valued at $6,488,000 after acquiring an additional 19,751 shares during the last quarter. Barclays PLC raised its stake in WaFd by 33.3% during the 3rd quarter. Barclays PLC now owns 161,958 shares of the bank’s stock valued at $5,643,000 after acquiring an additional 40,499 shares during the last quarter. Finally, Franklin Resources Inc. raised its stake in WaFd by 6.7% during the 3rd quarter. Franklin Resources Inc. now owns 26,463 shares of the bank’s stock valued at $954,000 after acquiring an additional 1,669 shares during the last quarter. 83.71% of the stock is owned by hedge funds and other institutional investors.

About WaFd

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.