Mirae Asset Global Investments Co. Ltd. Acquires 1,250 Shares of WaFd, Inc (NASDAQ:WAFD)

Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of WaFd, Inc (NASDAQ:WAFD) by 4.4% during the 4th quarter, Holdings Channel reports. The firm owned 29,496 shares of the bank’s stock after buying an additional 1,250 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in WaFd were worth $972,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in WAFD. DekaBank Deutsche Girozentrale purchased a new stake in WaFd during the 4th quarter valued at approximately $201,000. Diversified Trust Co purchased a new position in shares of WaFd in the fourth quarter worth $221,000. American Century Companies Inc. boosted its position in shares of WaFd by 12.6% during the third quarter. American Century Companies Inc. now owns 699,766 shares of the bank’s stock worth $17,928,000 after acquiring an additional 78,457 shares during the last quarter. Alps Advisors Inc. grew its stake in WaFd by 28.5% during the third quarter. Alps Advisors Inc. now owns 12,874 shares of the bank’s stock valued at $330,000 after acquiring an additional 2,853 shares in the last quarter. Finally, Caxton Associates LP grew its stake in WaFd by 99.3% during the third quarter. Caxton Associates LP now owns 60,133 shares of the bank’s stock valued at $1,541,000 after acquiring an additional 29,966 shares in the last quarter. 83.71% of the stock is owned by hedge funds and other institutional investors.

WaFd Price Performance

WAFD stock opened at $28.59 on Wednesday. WaFd, Inc has a 52 week low of $23.36 and a 52 week high of $34.07. The firm has a market capitalization of $1.85 billion, a P/E ratio of 8.38 and a beta of 0.85. The company has a fifty day simple moving average of $27.77 and a two-hundred day simple moving average of $28.32. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 1.80.

WaFd Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 8th. Investors of record on Friday, February 23rd were issued a $0.26 dividend. This is an increase from WaFd’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend was Thursday, February 22nd. This represents a $1.04 dividend on an annualized basis and a dividend yield of 3.64%. WaFd’s dividend payout ratio (DPR) is presently 30.50%.

Analysts Set New Price Targets

Several research analysts have commented on the stock. StockNews.com downgraded shares of WaFd from a “hold” rating to a “sell” rating in a report on Thursday, March 21st. DA Davidson reiterated a “buy” rating and issued a $35.00 target price on shares of WaFd in a research report on Thursday, April 11th. Stephens restated an “equal weight” rating and set a $32.00 price target on shares of WaFd in a report on Tuesday. Finally, Keefe, Bruyette & Woods decreased their price objective on WaFd from $37.00 to $35.00 and set an “outperform” rating on the stock in a report on Thursday, January 18th.

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.