JPMorgan Chase & Co. Has $6.47 Million Position in WaFd, Inc (NASDAQ:WAFD)

JPMorgan Chase & Co. trimmed its stake in WaFd, Inc (NASDAQ:WAFD) by 5.3% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 185,751 shares of the bank’s stock after selling 10,368 shares during the quarter. JPMorgan Chase & Co. owned about 0.23% of WaFd worth $6,473,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Assenagon Asset Management S.A. acquired a new stake in shares of WaFd in the 3rd quarter valued at about $18,583,000. American Century Companies Inc. grew its stake in WaFd by 31.6% in the second quarter. American Century Companies Inc. now owns 1,274,665 shares of the bank’s stock valued at $36,430,000 after acquiring an additional 305,942 shares during the period. Systematic Financial Management LP increased its holdings in shares of WaFd by 21.5% during the third quarter. Systematic Financial Management LP now owns 1,432,523 shares of the bank’s stock valued at $49,923,000 after acquiring an additional 253,044 shares in the last quarter. State Street Corp increased its holdings in shares of WaFd by 5.2% during the third quarter. State Street Corp now owns 3,969,790 shares of the bank’s stock valued at $138,347,000 after acquiring an additional 195,845 shares in the last quarter. Finally, Geode Capital Management LLC raised its position in shares of WaFd by 10.0% during the third quarter. Geode Capital Management LLC now owns 1,759,135 shares of the bank’s stock worth $61,318,000 after purchasing an additional 159,750 shares during the period. 83.71% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, EVP Ryan Mauer sold 12,132 shares of the stock in a transaction that occurred on Monday, November 4th. The shares were sold at an average price of $33.33, for a total transaction of $404,359.56. Following the completion of the transaction, the executive vice president now directly owns 100,376 shares of the company’s stock, valued at $3,345,532.08. This represents a 10.78 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.46% of the stock is currently owned by corporate insiders.

WaFd Trading Up 2.3 %

NASDAQ:WAFD opened at $32.08 on Thursday. WaFd, Inc has a 52 week low of $25.78 and a 52 week high of $38.62. The firm has a 50-day moving average price of $34.62 and a two-hundred day moving average price of $34.34. 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 firm has a market cap of $2.61 billion, a price-to-earnings ratio of 12.94 and a beta of 0.87.

WaFd (NASDAQ:WAFD) last issued its quarterly earnings results on Thursday, October 17th. The bank reported $0.71 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 company had revenue of $389.98 million during the quarter, compared to the consensus estimate of $190.43 million. During the same period last year, the business posted $0.72 earnings per share. On average, equities analysts expect that WaFd, Inc will post 2.82 earnings per share for the current fiscal year.

WaFd Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, December 6th. Investors of record on Friday, November 22nd were issued a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 3.24%. The ex-dividend date of this dividend was Friday, November 22nd. WaFd’s dividend payout ratio (DPR) is currently 41.94%.

Wall Street Analyst Weigh In

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

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.