WaFd, Inc (NASDAQ:WAFD) Shares Sold by Rhumbline Advisers

Rhumbline Advisers reduced its stake in shares of WaFd, Inc (NASDAQ:WAFD) by 0.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 230,841 shares of the bank’s stock after selling 1,833 shares during the quarter. Rhumbline Advisers owned 0.28% of WaFd worth $7,442,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Blue Trust Inc. boosted its stake in shares of WaFd by 80.8% during the 3rd quarter. Blue Trust Inc. now owns 1,188 shares of the bank’s stock worth $41,000 after acquiring an additional 531 shares in the last quarter. McIlrath & Eck LLC raised its holdings in WaFd by 112.7% during the third quarter. McIlrath & Eck LLC now owns 1,323 shares of the bank’s stock worth $46,000 after purchasing an additional 701 shares during the last quarter. Covestor Ltd boosted its position in WaFd by 60.1% during the third quarter. Covestor Ltd now owns 1,904 shares of the bank’s stock worth $66,000 after purchasing an additional 715 shares in the last quarter. KBC Group NV grew its holdings in WaFd by 35.1% in the third quarter. KBC Group NV now owns 2,797 shares of the bank’s stock valued at $97,000 after purchasing an additional 726 shares during the last quarter. Finally, HighTower Advisors LLC purchased a new position in shares of WaFd in the third quarter valued at $237,000. 83.71% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

WAFD has been the topic of several recent research reports. Keefe, Bruyette & Woods decreased their price objective on shares of WaFd from $42.00 to $34.00 and set a “market perform” rating on the stock in a research report on Tuesday, January 21st. Stephens reaffirmed an “equal weight” rating and issued a $38.00 price target on shares of WaFd in a report on Friday, January 17th. StockNews.com cut shares of WaFd from a “hold” rating to a “sell” rating in a research note on Tuesday. Piper Sandler reduced their target price on WaFd from $37.00 to $31.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 21st. Finally, DA Davidson cut WaFd from a “buy” rating to a “neutral” rating and lowered their target price for the company from $35.00 to $32.00 in a report on Thursday, February 6th. One equities research analyst has rated the stock with a sell rating and four have given a hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $33.75.

WaFd Price Performance

WaFd stock opened at $29.81 on Wednesday. The firm’s 50-day moving average is $30.96 and its two-hundred day moving average is $33.90. The company has a debt-to-equity ratio of 1.05, a current ratio of 1.04 and a quick ratio of 1.04. The stock has a market capitalization of $2.43 billion, a P/E ratio of 13.74 and a beta of 0.85. WaFd, Inc has a 12-month low of $25.78 and a 12-month high of $38.62.

WaFd Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 7th. Shareholders of record on Friday, February 21st will be paid a $0.27 dividend. This is a boost from WaFd’s previous quarterly dividend of $0.26. This represents a $1.08 annualized dividend and a yield of 3.62%. The ex-dividend date is Friday, February 21st. WaFd’s payout ratio is presently 49.77%.

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.