Bank of New York Mellon Corp Has $23.75 Million Stock Holdings in WaFd, Inc (NASDAQ:WAFD)

Bank of New York Mellon Corp lifted its holdings in WaFd, Inc (NASDAQ:WAFD) by 4.1% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 736,564 shares of the bank’s stock after purchasing an additional 28,849 shares during the quarter. Bank of New York Mellon Corp owned about 0.91% of WaFd worth $23,747,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. CIBC Asset Management Inc boosted its position in WaFd by 4.8% during the 4th quarter. CIBC Asset Management Inc now owns 7,424 shares of the bank’s stock worth $239,000 after acquiring an additional 338 shares during the last quarter. Cooper Financial Group boosted its position in WaFd by 3.2% during the 4th quarter. Cooper Financial Group now owns 11,134 shares of the bank’s stock worth $359,000 after acquiring an additional 345 shares during the last quarter. D.A. Davidson & CO. boosted its position in WaFd by 1.1% during the 3rd quarter. D.A. Davidson & CO. now owns 41,400 shares of the bank’s stock worth $1,443,000 after acquiring an additional 437 shares during the last quarter. McIlrath & Eck LLC boosted its position in WaFd by 112.7% during the 3rd quarter. McIlrath & Eck LLC now owns 1,323 shares of the bank’s stock worth $46,000 after acquiring an additional 701 shares during the last quarter. Finally, Principal Securities Inc. boosted its position in WaFd by 10.3% during the 4th quarter. Principal Securities Inc. now owns 7,633 shares of the bank’s stock worth $246,000 after acquiring an additional 712 shares during the last quarter. 83.71% of the stock is currently owned by institutional investors and hedge funds.

WaFd Trading Up 0.2 %

Shares of WaFd stock opened at $28.81 on Monday. WaFd, Inc has a 12-month low of $25.78 and a 12-month high of $38.62. The stock has a market cap of $2.35 billion, a P/E ratio of 13.28 and a beta of 0.83. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 1.05. The business’s 50 day moving average is $30.32 and its 200-day moving average is $33.59.

WaFd Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 7th. Investors of record on Friday, February 21st were paid a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 3.75%. The ex-dividend date of this dividend was Friday, February 21st. This is a boost from WaFd’s previous quarterly dividend of $0.26. WaFd’s dividend payout ratio is 49.77%.

Wall Street Analysts Forecast Growth

WAFD has been the subject of a number of recent research reports. Keefe, Bruyette & Woods reduced their price target 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. Stephens reiterated an “equal weight” rating and set a $38.00 price objective on shares of WaFd in a research note on Friday, January 17th. StockNews.com upgraded WaFd from a “sell” rating to a “hold” rating in a research note on Thursday. DA Davidson cut WaFd from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $35.00 to $32.00 in a research note on Thursday, February 6th. Finally, Piper Sandler dropped their price objective on WaFd from $37.00 to $31.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 21st. Five investment analysts have rated the stock with a hold rating, According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $33.75.

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.