DA Davidson Downgrades WaFd (NASDAQ:WAFD) to Neutral

WaFd (NASDAQ:WAFD) was downgraded by investment analysts at DA Davidson from a “buy” rating to a “neutral” rating in a research report issued to clients and investors on Thursday, MarketBeat reports. They presently have a $32.00 price target on the bank’s stock, down from their prior price target of $35.00. DA Davidson’s price objective points to a potential upside of 6.38% from the stock’s previous close.

Several other research analysts also recently weighed in on the company. StockNews.com upgraded WaFd from a “sell” rating to a “hold” rating in a research note on Tuesday, November 12th. Keefe, Bruyette & Woods dropped their price target on WaFd from $42.00 to $34.00 and set a “market perform” rating on the stock in a research note on Tuesday, January 21st. Stephens reaffirmed an “equal weight” rating and issued a $38.00 price objective on shares of WaFd in a research report on Friday, January 17th. Finally, Piper Sandler lowered their target price on shares of WaFd from $37.00 to $31.00 and set a “neutral” rating for the company in a research note on Tuesday, January 21st. Five equities research analysts have rated the stock with a hold rating, According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $33.75.

WaFd Stock Down 1.9 %

Shares of WaFd stock opened at $30.08 on Thursday. 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 company has a market cap of $2.45 billion, a P/E ratio of 13.86 and a beta of 0.85. The firm’s 50 day moving average price is $32.41 and its 200-day moving average price is $34.28. WaFd has a 52-week low of $25.78 and a 52-week high of $38.62.

Institutional Trading of WaFd

Several institutional investors and hedge funds have recently bought and sold shares of WAFD. Blue Trust Inc. increased its stake in shares of WaFd by 80.8% in the third quarter. Blue Trust Inc. now owns 1,188 shares of the bank’s stock worth $41,000 after acquiring an additional 531 shares during the period. McIlrath & Eck LLC boosted its holdings in WaFd by 112.7% in the third 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. 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. GAMMA Investing LLC raised 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 valued at $54,000 after buying an additional 1,305 shares during the last quarter. Finally, Covestor Ltd lifted its holdings in shares of WaFd by 60.1% in 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 period. 83.71% of the stock is currently owned by institutional investors and hedge funds.

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.