Mutual of America Capital Management LLC Raises Holdings in WaFd, Inc (NASDAQ:WAFD)

Mutual of America Capital Management LLC increased its stake in shares of WaFd, Inc (NASDAQ:WAFD) by 10.0% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 12,215 shares of the bank’s stock after purchasing an additional 1,108 shares during the period. Mutual of America Capital Management LLC’s holdings in WaFd were worth $426,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in WAFD. Blue Trust Inc. raised its position in shares of WaFd by 80.8% in the third quarter. Blue Trust Inc. now owns 1,188 shares of the bank’s stock valued at $41,000 after buying an additional 531 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of WaFd by 100.0% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,644 shares of the bank’s stock valued at $47,000 after purchasing an additional 822 shares during the last quarter. GAMMA Investing LLC raised its position in shares of WaFd by 515.8% in the 3rd quarter. GAMMA Investing LLC now owns 1,558 shares of the bank’s stock worth $54,000 after buying an additional 1,305 shares during the period. Covestor Ltd boosted its holdings in WaFd by 60.1% in the third quarter. Covestor Ltd now owns 1,904 shares of the bank’s stock valued at $66,000 after acquiring an additional 715 shares during the last quarter. Finally, nVerses Capital LLC purchased a new stake in WaFd during the second quarter valued at about $80,000. 83.71% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the company. StockNews.com raised WaFd from a “sell” rating to a “hold” rating in a research note on Tuesday, November 12th. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and set a $40.00 price target on shares of WaFd in a report on Monday, October 21st. Piper Sandler cut their price objective on shares of WaFd from $36.00 to $35.00 and set a “neutral” rating on the stock in a report on Monday, October 21st. Finally, DA Davidson lifted their price target on shares of WaFd from $39.00 to $41.00 and gave the stock a “buy” rating in a research note on Monday, October 21st. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $38.00.

WaFd Trading Down 0.2 %

NASDAQ WAFD opened at $37.11 on Thursday. The firm has a market capitalization of $3.02 billion, a PE ratio of 14.96 and a beta of 0.83. The company has a 50-day simple moving average of $35.38 and a 200-day simple moving average of $32.81. WaFd, Inc has a one year low of $25.78 and a one year high of $38.62. The company has a debt-to-equity ratio of 1.21, a quick ratio of 1.08 and a current ratio of 1.08.

WaFd (NASDAQ:WAFD) last released 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 9.44% and a net margin of 13.97%. The business had revenue of $389.98 million during the quarter, compared to analyst estimates of $190.43 million. During the same quarter in the previous year, the firm posted $0.72 EPS. On average, equities analysts forecast that WaFd, Inc will post 2.82 earnings per share for the current year.

WaFd Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Friday, November 22nd will be given a $0.26 dividend. This represents a $1.04 annualized dividend and a yield of 2.80%. The ex-dividend date is Friday, November 22nd. WaFd’s dividend payout ratio is currently 41.94%.

Insider Activity at WaFd

In related news, EVP Ryan Mauer sold 12,132 shares of the business’s stock in a transaction that occurred on Monday, November 4th. The stock was sold at an average price of $33.33, for a total transaction of $404,359.56. Following the sale, the executive vice president now owns 100,376 shares of the company’s stock, valued at $3,345,532.08. The trade was a 10.78 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 2.25% 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.