WaFd (NASDAQ:WAFD) Price Target Increased to $41.00 by Analysts at DA Davidson

WaFd (NASDAQ:WAFD) had its target price increased by DA Davidson from $39.00 to $41.00 in a research note published on Monday morning, Benzinga reports. The firm currently has a buy rating on the bank’s stock.

A number of other equities research analysts have also recently commented on WAFD. Stephens raised their price target on WaFd from $32.00 to $36.00 and gave the company an “equal weight” rating in a report on Thursday, July 18th. Keefe, Bruyette & Woods reiterated a “market perform” rating and issued a $40.00 price target on shares of WaFd in a report on Monday. Finally, StockNews.com downgraded shares of WaFd from a “hold” rating to a “sell” rating in a report on Thursday, October 3rd. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $38.00.

WaFd Trading Down 6.0 %

NASDAQ:WAFD opened at $34.00 on Monday. WaFd has a one year low of $23.36 and a one year high of $37.49. The business has a fifty day moving average price of $35.29 and a 200-day moving average price of $31.37. The firm has a market capitalization of $2.76 billion, a price-to-earnings ratio of 13.71 and a beta of 0.83. The company has a debt-to-equity ratio of 1.52, a current ratio of 1.11 and a quick ratio of 1.09.

WaFd (NASDAQ:WAFD) last announced its quarterly earnings data 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 during the quarter, compared to the consensus estimate of $190.43 million. During the same period in the previous year, the company posted $0.72 EPS. Sell-side analysts forecast that WaFd will post 3.06 EPS for the current year.

WaFd Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 6th. Shareholders of record on Friday, August 23rd were paid a dividend of $0.26 per share. The ex-dividend date was Friday, August 23rd. This represents a $1.04 annualized dividend and a yield of 3.06%. WaFd’s payout ratio is currently 41.94%.

Hedge Funds Weigh In On WaFd

A number of institutional investors and hedge funds have recently modified their holdings of WAFD. Vanguard Group Inc. increased its position in WaFd by 1.6% during the first quarter. Vanguard Group Inc. now owns 7,902,461 shares of the bank’s stock valued at $229,408,000 after acquiring an additional 125,020 shares during the last quarter. American Century Companies Inc. lifted its stake in shares of WaFd by 31.6% during the 2nd quarter. American Century Companies Inc. now owns 1,274,665 shares of the bank’s stock worth $36,430,000 after acquiring an additional 305,942 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in WaFd by 1.3% during the 2nd quarter. Bank of New York Mellon Corp now owns 728,619 shares of the bank’s stock valued at $20,824,000 after acquiring an additional 9,262 shares during the period. Clearbridge Investments LLC boosted its stake in shares of WaFd by 2.2% during the first quarter. Clearbridge Investments LLC now owns 606,140 shares of the bank’s stock valued at $17,596,000 after purchasing an additional 12,910 shares during the period. Finally, Davidson Investment Advisors grew its holdings in shares of WaFd by 4.2% in the second quarter. Davidson Investment Advisors now owns 279,791 shares of the bank’s stock worth $7,996,000 after purchasing an additional 11,220 shares during the last quarter. Hedge funds and other 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.