WaFd (NASDAQ:WAFD) Stock Rating Reaffirmed by DA Davidson

WaFd (NASDAQ:WAFD)‘s stock had its “buy” rating reiterated by stock analysts at DA Davidson in a research note issued to investors on Thursday, Benzinga reports. They presently have a $35.00 price target on the bank’s stock. DA Davidson’s price objective suggests a potential upside of 30.35% from the stock’s current price.

A number of other brokerages have also weighed in on WAFD. Keefe, Bruyette & Woods dropped their price target on WaFd from $37.00 to $35.00 and set an “outperform” rating on the stock in a research note on Thursday, January 18th. Stephens reiterated an “equal weight” rating and issued a $35.00 target price on shares of WaFd in a research report on Wednesday, January 17th. Finally, StockNews.com lowered WaFd from a “hold” rating to a “sell” rating in a research report on Thursday, March 21st. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $33.50.

WaFd Stock Down 1.1 %

Shares of WAFD opened at $26.85 on Thursday. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 1.80. The firm has a fifty day moving average price of $27.84 and a 200-day moving average price of $28.19. The firm has a market capitalization of $1.74 billion, a P/E ratio of 7.87 and a beta of 0.85. WaFd has a 12-month low of $23.36 and a 12-month high of $34.07.

WaFd (NASDAQ:WAFD) last announced its earnings results on Tuesday, January 16th. The bank reported $0.85 EPS for the quarter, topping analysts’ consensus estimates of $0.77 by $0.08. The business had revenue of $166.40 million during the quarter, compared to the consensus estimate of $180.45 million. WaFd had a net margin of 20.58% and a return on equity of 11.19%. The firm’s revenue was down 14.4% on a year-over-year basis. During the same period in the previous year, the company posted $1.16 earnings per share. Equities research analysts expect that WaFd will post 2.58 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in WAFD. Royal Bank of Canada grew its holdings in shares of WaFd by 2.2% during the 3rd quarter. Royal Bank of Canada now owns 18,851 shares of the bank’s stock worth $483,000 after purchasing an additional 413 shares during the period. State of Wyoming boosted its holdings in WaFd by 10.5% during the 4th quarter. State of Wyoming now owns 5,084 shares of the bank’s stock valued at $171,000 after acquiring an additional 484 shares during the period. Alliancebernstein L.P. boosted its holdings in WaFd by 0.3% during the 4th quarter. Alliancebernstein L.P. now owns 143,793 shares of the bank’s stock valued at $4,824,000 after acquiring an additional 487 shares during the period. Lakeside Advisors INC. boosted its holdings in WaFd by 6.7% during the 3rd quarter. Lakeside Advisors INC. now owns 8,718 shares of the bank’s stock valued at $223,000 after acquiring an additional 546 shares during the period. Finally, The Manufacturers Life Insurance Company raised its position in WaFd by 0.8% in the 4th quarter. The Manufacturers Life Insurance Company now owns 75,944 shares of the bank’s stock valued at $2,548,000 after purchasing an additional 581 shares in the last quarter. 83.71% of the stock is owned by institutional investors and hedge funds.

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.