Bank of New York Mellon Corp Sells 76,590 Shares of WaFd, Inc (NASDAQ:WAFD)

Bank of New York Mellon Corp decreased its holdings in shares of WaFd, Inc (NASDAQ:WAFD) by 8.9% during the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 786,268 shares of the bank’s stock after selling 76,590 shares during the quarter. Bank of New York Mellon Corp’s holdings in WaFd were worth $20,852,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of WAFD. IFP Advisors Inc boosted its position in WaFd by 56.5% in the 1st quarter. IFP Advisors Inc now owns 992 shares of the bank’s stock valued at $32,000 after buying an additional 358 shares during the period. Point72 Hong Kong Ltd acquired a new stake in shares of WaFd in the 1st quarter worth $82,000. Allspring Global Investments Holdings LLC grew its stake in shares of WaFd by 12.5% during the second quarter. Allspring Global Investments Holdings LLC now owns 3,546 shares of the bank’s stock worth $94,000 after acquiring an additional 395 shares during the last quarter. Tower Research Capital LLC TRC increased its stake in WaFd by 60.9% during the 1st quarter. Tower Research Capital LLC TRC now owns 3,373 shares of the bank’s stock valued at $102,000 after purchasing an additional 1,277 shares in the last quarter. Finally, Captrust Financial Advisors lifted its stake in shares of WaFd by 979.4% during the first quarter. Captrust Financial Advisors now owns 4,091 shares of the bank’s stock worth $134,000 after buying an additional 3,712 shares during the period. 86.36% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded WaFd from a “hold” rating to a “sell” rating in a report on Tuesday, October 24th.

WaFd Price Performance

Shares of NASDAQ WAFD opened at $25.11 on Monday. The company has a debt-to-equity ratio of 1.72, a current ratio of 1.13 and a quick ratio of 1.14. The stock has a market capitalization of $1.63 billion, a price-to-earnings ratio of 6.75 and a beta of 0.83. The firm’s 50 day simple moving average is $25.69 and its 200-day simple moving average is $27.14. WaFd, Inc has a 12 month low of $23.36 and a 12 month high of $39.17.

WaFd (NASDAQ:WAFD) last released its quarterly earnings results on Friday, October 20th. The bank reported $0.72 EPS for the quarter, missing the consensus estimate of $0.91 by ($0.19). The firm had revenue of $151.53 million for the quarter, compared to analyst estimates of $199.20 million. WaFd had a net margin of 23.51% and a return on equity of 12.38%. The firm’s quarterly revenue was down 18.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.07 EPS. Analysts expect that WaFd, Inc will post 3.08 EPS for the current year.

WaFd Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 8th. Investors of record on Friday, August 25th were paid a $0.25 dividend. The ex-dividend date of this dividend was Thursday, August 24th. This represents a $1.00 annualized dividend and a dividend yield of 3.98%. WaFd’s dividend payout ratio is presently 26.88%.

WaFd Company Profile

WaFd, Inc operates as the bank holding company for Washington Federal Bank, National Association 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.