Hennion & Walsh Asset Management Inc. Has $359,000 Stock Position in WaFd, Inc (NASDAQ:WAFD)

Hennion & Walsh Asset Management Inc. lowered its position in WaFd, Inc (NASDAQ:WAFD) by 36.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,137 shares of the bank’s stock after selling 6,262 shares during the quarter. Hennion & Walsh Asset Management Inc.’s holdings in WaFd were worth $359,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Cooper Financial Group grew its stake in shares of WaFd by 3.2% in the 4th quarter. Cooper Financial Group now owns 11,134 shares of the bank’s stock valued at $359,000 after buying an additional 345 shares in the last quarter. Oliver Luxxe Assets LLC lifted its stake in WaFd by 2.5% in the fourth quarter. Oliver Luxxe Assets LLC now owns 53,604 shares of the bank’s stock valued at $1,728,000 after acquiring an additional 1,293 shares during the last quarter. Principal Financial Group Inc. lifted its stake in WaFd by 28.6% in the third quarter. Principal Financial Group Inc. now owns 428,504 shares of the bank’s stock valued at $14,933,000 after acquiring an additional 95,251 shares during the last quarter. Franklin Resources Inc. grew its position in WaFd by 6.7% in the third quarter. Franklin Resources Inc. now owns 26,463 shares of the bank’s stock worth $954,000 after acquiring an additional 1,669 shares in the last quarter. Finally, Sanctuary Advisors LLC increased its stake in shares of WaFd by 10.1% during the 3rd quarter. Sanctuary Advisors LLC now owns 9,958 shares of the bank’s stock worth $370,000 after purchasing an additional 913 shares during the last quarter. 83.71% of the stock is owned by institutional investors and hedge funds.

WaFd Trading Down 1.2 %

WaFd stock opened at $29.88 on Wednesday. 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 business’s 50-day simple moving average is $34.23 and its 200-day simple moving average is $34.43. The firm has a market capitalization of $2.43 billion, a PE ratio of 13.77 and a beta of 0.87. WaFd, Inc has a 52 week low of $25.78 and a 52 week high of $38.62.

WaFd Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 6th. Shareholders of record on Friday, November 22nd were given a $0.26 dividend. This represents a $1.04 annualized dividend and a yield of 3.48%. The ex-dividend date of this dividend was Friday, November 22nd. WaFd’s dividend payout ratio is currently 47.93%.

Insiders Place Their Bets

In other WaFd news, EVP Ryan Mauer sold 12,132 shares of the firm’s stock in a transaction on Monday, November 4th. The shares were sold at an average price of $33.33, for a total value of $404,359.56. Following the sale, the executive vice president now directly owns 100,376 shares in the company, valued at $3,345,532.08. This trade represents a 10.78 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 1.46% of the company’s stock.

Analysts Set New Price Targets

WAFD has been the subject of several analyst reports. Piper Sandler reduced their price objective on shares of WaFd from $37.00 to $31.00 and set a “neutral” rating for the company in a research note on Tuesday. Keefe, Bruyette & Woods decreased their price target on WaFd from $42.00 to $34.00 and set a “market perform” rating for the company in a research note on Tuesday. DA Davidson raised their price objective on WaFd from $39.00 to $41.00 and gave the company a “buy” rating in a research note on Monday, October 21st. StockNews.com raised WaFd from a “sell” rating to a “hold” rating in a research report on Tuesday, November 12th. Finally, Stephens reiterated an “equal weight” rating and set a $38.00 price target on shares of WaFd in a report on Friday, January 17th. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat, WaFd presently has a consensus rating of “Hold” and an average target price of $36.00.

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.