WaFd (NASDAQ:WAFD) Given New $35.00 Price Target at Piper Sandler

WaFd (NASDAQ:WAFD) had its target price trimmed by Piper Sandler from $36.00 to $35.00 in a research report report published on Monday, Benzinga reports. The brokerage currently has a neutral rating on the bank’s stock.

Several other research firms have also recently issued reports on WAFD. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and set a $40.00 price objective on shares of WaFd in a research report on Monday. StockNews.com cut WaFd from a “hold” rating to a “sell” rating in a research report on Thursday, October 3rd. DA Davidson raised their target price on WaFd from $39.00 to $41.00 and gave the stock a “buy” rating in a research report on Monday. Finally, Stephens increased their price target on shares of WaFd from $32.00 to $36.00 and gave the company an “equal weight” rating in a research note on Thursday, July 18th. One analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $38.00.

WaFd Stock Performance

Shares of WAFD stock opened at $34.00 on Monday. WaFd has a 52 week low of $23.36 and a 52 week high of $37.49. The firm has a 50 day moving average of $35.29 and a two-hundred day moving average of $31.37. The company has a quick ratio of 1.09, a current ratio of 1.11 and a debt-to-equity ratio of 1.52. The stock has a market capitalization of $2.76 billion, a PE ratio of 13.71 and a beta of 0.83.

WaFd (NASDAQ:WAFD) last posted its quarterly earnings results on Thursday, October 17th. The bank reported $0.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.70 by $0.01. WaFd had a return on equity of 9.65% and a net margin of 13.97%. The company had revenue of $389.98 million for the quarter, compared to analyst estimates of $190.43 million. During the same quarter last year, the company earned $0.72 EPS. On average, research analysts predict that WaFd will post 3.06 EPS for the current fiscal year.

WaFd Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 6th. Investors of record on Friday, August 23rd were given a $0.26 dividend. The ex-dividend date of this dividend was Friday, August 23rd. This represents a $1.04 dividend on an annualized basis and a dividend yield of 3.06%. WaFd’s dividend payout ratio (DPR) is presently 41.94%.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in WAFD. PNC Financial Services Group Inc. grew its position in shares of WaFd by 5.8% during the fourth quarter. PNC Financial Services Group Inc. now owns 12,054 shares of the bank’s stock worth $397,000 after acquiring an additional 661 shares during the last quarter. Hennessy Advisors Inc. grew its position in WaFd by 1.0% during the 1st quarter. Hennessy Advisors Inc. now owns 101,000 shares of the bank’s stock worth $2,932,000 after purchasing an additional 1,000 shares during the last quarter. Hennion & Walsh Asset Management Inc. increased its stake in WaFd by 15.7% in the first quarter. Hennion & Walsh Asset Management Inc. now owns 14,194 shares of the bank’s stock valued at $412,000 after purchasing an additional 1,928 shares during the period. Talbot Financial LLC raised its holdings in shares of WaFd by 4.3% in the first quarter. Talbot Financial LLC now owns 74,298 shares of the bank’s stock valued at $2,157,000 after buying an additional 3,034 shares during the last quarter. Finally, State of Alaska Department of Revenue grew its holdings in shares of WaFd by 3.9% during the first quarter. State of Alaska Department of Revenue now owns 41,382 shares of the bank’s stock worth $1,201,000 after buying an additional 1,555 shares during the last quarter. Institutional investors and hedge funds own 83.71% of the company’s stock.

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.