StockNews.com Upgrades WaFd (NASDAQ:WAFD) to “Hold”

WaFd (NASDAQ:WAFD) was upgraded by equities research analysts at StockNews.com from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Thursday.

WAFD has been the topic of a number of other reports. DA Davidson cut WaFd from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $35.00 to $32.00 in a report on Thursday, February 6th. Piper Sandler decreased their price target on WaFd from $37.00 to $31.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 21st. Keefe, Bruyette & Woods cut their price objective on WaFd from $42.00 to $34.00 and set a “market perform” rating for the company in a research report on Tuesday, January 21st. Finally, Stephens reissued an “equal weight” rating and issued a $38.00 price target on shares of WaFd in a research note on Friday, January 17th. Five equities research analysts have rated the stock with a hold rating, Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $33.75.

WaFd Stock Performance

NASDAQ WAFD opened at $28.81 on Thursday. The stock has a market capitalization of $2.35 billion, a price-to-earnings ratio of 13.28 and a beta of 0.83. The stock has a 50-day moving average of $30.32 and a 200 day moving average of $33.60. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 1.05. WaFd has a twelve month low of $25.78 and a twelve month high of $38.62.

Institutional Trading of WaFd

Several hedge funds and other institutional investors have recently added to or reduced their stakes in WAFD. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in shares of WaFd during the 4th quarter worth $2,163,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of WaFd by 42.8% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 225,602 shares of the bank’s stock worth $7,273,000 after purchasing an additional 67,640 shares during the period. Systematic Financial Management LP raised its holdings in WaFd by 5.2% in the fourth quarter. Systematic Financial Management LP now owns 1,506,368 shares of the bank’s stock valued at $48,565,000 after buying an additional 73,845 shares during the period. Rafferty Asset Management LLC lifted its position in WaFd by 18.7% during the fourth quarter. Rafferty Asset Management LLC now owns 107,324 shares of the bank’s stock valued at $3,460,000 after buying an additional 16,942 shares in the last quarter. Finally, Millennium Management LLC acquired a new position in shares of WaFd during the 4th quarter valued at $950,000. Hedge funds and other institutional investors own 83.71% of the company’s stock.

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.