Caprock Group LLC Purchases New Position in WaFd, Inc (NASDAQ:WAFD)

Caprock Group LLC acquired a new position in shares of WaFd, Inc (NASDAQ:WAFD) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 7,449 shares of the bank’s stock, valued at approximately $240,000.

Other large investors have also recently added to or reduced their stakes in the company. 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 worth $41,000 after acquiring an additional 531 shares in the last quarter. McIlrath & Eck LLC raised its position 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 during the last quarter. GAMMA Investing LLC boosted its stake in WaFd by 515.8% in the third quarter. GAMMA Investing LLC now owns 1,558 shares of the bank’s stock worth $54,000 after purchasing an additional 1,305 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its holdings in shares of WaFd by 100.0% during the second 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 last quarter. Finally, Covestor Ltd grew its holdings in shares of WaFd by 60.1% during the third quarter. Covestor Ltd now owns 1,904 shares of the bank’s stock worth $66,000 after purchasing an additional 715 shares during the last quarter. 83.71% of the stock is owned by institutional investors.

WaFd Stock Up 0.5 %

Shares of NASDAQ:WAFD opened at $30.67 on Friday. 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 stock has a market cap of $2.50 billion, a price-to-earnings ratio of 14.13 and a beta of 0.85. The company has a 50 day moving average of $32.54 and a 200-day moving average of $34.31. WaFd, Inc has a one year low of $25.78 and a one year high of $38.62.

WaFd Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, December 6th. Shareholders of record on Friday, November 22nd were given a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a dividend yield of 3.39%. The ex-dividend date of this dividend was Friday, November 22nd. WaFd’s payout ratio is 47.93%.

Analyst Ratings Changes

Several research analysts recently issued reports on WAFD shares. Piper Sandler reduced their price target on shares of WaFd from $37.00 to $31.00 and set a “neutral” rating on the stock in a research report on Tuesday, January 21st. DA Davidson lowered shares of WaFd from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $35.00 to $32.00 in a research report on Thursday. Keefe, Bruyette & Woods lowered their price target on shares of WaFd from $42.00 to $34.00 and set a “market perform” rating for the company in a report on Tuesday, January 21st. Stephens restated an “equal weight” rating and issued a $38.00 price objective on shares of WaFd in a research report on Friday, January 17th. Finally, StockNews.com upgraded WaFd from a “sell” rating to a “hold” rating in a research report on Tuesday, November 12th. Five research analysts have rated the stock with a hold rating, According to MarketBeat.com, WaFd presently has a consensus rating of “Hold” and an average price target of $33.75.

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.