WaFd, Inc (NASDAQ:WAFD) Shares Sold by Jane Street Group LLC

Jane Street Group LLC lessened its holdings in shares of WaFd, Inc (NASDAQ:WAFD) by 47.6% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 62,598 shares of the bank’s stock after selling 56,967 shares during the period. Jane Street Group LLC owned 0.08% of WaFd worth $2,182,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Louisiana State Employees Retirement System grew its position in shares of WaFd by 1.2% during the second quarter. Louisiana State Employees Retirement System now owns 34,000 shares of the bank’s stock worth $972,000 after acquiring an additional 400 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of WaFd by 1.3% during the second quarter. Bank of New York Mellon Corp now owns 728,619 shares of the bank’s stock worth $20,824,000 after purchasing an additional 9,262 shares during the period. nVerses Capital LLC purchased a new position in WaFd in the 2nd quarter valued at $80,000. Davidson Investment Advisors increased its stake in WaFd by 4.2% in the 2nd quarter. Davidson Investment Advisors now owns 279,791 shares of the bank’s stock valued at $7,996,000 after buying an additional 11,220 shares during the period. Finally, Natixis Advisors LLC raised its position in WaFd by 27.9% during the 2nd quarter. Natixis Advisors LLC now owns 16,639 shares of the bank’s stock worth $476,000 after buying an additional 3,629 shares during the last quarter. 83.71% of the stock is owned by institutional investors and hedge funds.

WaFd Stock Down 0.4 %

WAFD opened at $32.50 on Tuesday. The company has a debt-to-equity ratio of 1.21, a quick ratio of 1.08 and a current ratio of 1.08. The company has a market cap of $2.64 billion, a price-to-earnings ratio of 13.10 and a beta of 0.84. WaFd, Inc has a one year low of $25.78 and a one year high of $38.62. The business’s fifty day moving average is $35.55 and its two-hundred day moving average is $33.75.

WaFd (NASDAQ:WAFD) last released its quarterly earnings data on Thursday, October 17th. The bank reported $0.71 EPS for the quarter, topping the consensus estimate of $0.70 by $0.01. WaFd had a net margin of 13.97% and a return on equity of 9.44%. The business had revenue of $389.98 million for the quarter, compared to analyst estimates of $190.43 million. During the same period in the previous year, the firm earned $0.72 EPS. Analysts anticipate that WaFd, Inc will post 2.82 EPS for the current fiscal year.

WaFd Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 6th. Investors of record on Friday, November 22nd were given a dividend of $0.26 per share. The ex-dividend date was Friday, November 22nd. This represents a $1.04 annualized dividend and a dividend yield of 3.20%. WaFd’s dividend payout ratio is currently 41.94%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on WAFD. Piper Sandler dropped their price target on shares of WaFd from $36.00 to $35.00 and set a “neutral” rating on the stock in a research note on Monday, October 21st. Keefe, Bruyette & Woods reissued a “market perform” rating and issued a $40.00 price target on shares of WaFd in a report on Monday, October 21st. DA Davidson increased their price objective on WaFd from $39.00 to $41.00 and gave the stock a “buy” rating in a research report on Monday, October 21st. Finally, StockNews.com raised shares of WaFd from a “sell” rating to a “hold” rating in a research note on Tuesday, November 12th. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $38.00.

Insider Activity at WaFd

In related news, EVP Ryan Mauer sold 12,132 shares of the business’s stock in a transaction dated Monday, November 4th. The shares were sold at an average price of $33.33, for a total value of $404,359.56. Following the completion of the transaction, the executive vice president now owns 100,376 shares of the company’s stock, valued at approximately $3,345,532.08. The trade was a 10.78 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 2.25% of the stock is owned by corporate insiders.

WaFd 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.