466,123 Shares in WaFd, Inc (NASDAQ:WAFD) Bought by Norges Bank

Norges Bank purchased a new stake in WaFd, Inc (NASDAQ:WAFDFree Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 466,123 shares of the bank’s stock, valued at approximately $15,363,000. Norges Bank owned about 0.72% of WaFd as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in WAFD. Inceptionr LLC acquired a new stake in WaFd during the fourth quarter worth about $270,000. Dimensional Fund Advisors LP increased its holdings in shares of WaFd by 2.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 5,261,777 shares of the bank’s stock valued at $173,430,000 after purchasing an additional 123,575 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of WaFd by 7.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,030,035 shares of the bank’s stock valued at $33,950,000 after purchasing an additional 73,345 shares during the period. M&T Bank Corp purchased a new stake in WaFd during the fourth quarter worth $260,000. Finally, Natixis Advisors L.P. grew its position in WaFd by 17.3% during the fourth quarter. Natixis Advisors L.P. now owns 14,732 shares of the bank’s stock valued at $485,000 after buying an additional 2,177 shares during the period. 83.71% of the stock is owned by institutional investors and hedge funds.

WaFd Trading Down 1.5 %

Shares of WaFd stock opened at $27.58 on Tuesday. The company has a debt-to-equity ratio of 2.07, a current ratio of 1.17 and a quick ratio of 1.03. The stock’s 50 day simple moving average is $28.06 and its 200-day simple moving average is $28.87. The stock has a market cap of $2.25 billion, a P/E ratio of 10.49 and a beta of 0.85. WaFd, Inc has a 1-year low of $23.36 and a 1-year high of $34.07.

WaFd (NASDAQ:WAFDGet Free Report) last released its quarterly earnings data on Monday, April 22nd. The bank reported $0.73 earnings per share for the quarter, topping analysts’ consensus estimates of $0.31 by $0.42. The company had revenue of $171.99 million for the quarter, compared to analyst estimates of $170.74 million. WaFd had a return on equity of 10.02% and a net margin of 15.33%. The firm’s revenue for the quarter was down 7.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.95 earnings per share. Analysts predict that WaFd, Inc will post 2.79 EPS for the current fiscal year.

WaFd Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 7th. Investors of record on Friday, May 24th will be issued a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 3.77%. The ex-dividend date of this dividend is Thursday, May 23rd. WaFd’s dividend payout ratio is currently 39.54%.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on WAFD. Piper Sandler increased their target price on shares of WaFd from $29.00 to $31.00 and gave the stock a “neutral” rating in a research note on Monday, May 20th. StockNews.com cut shares of WaFd from a “hold” rating to a “sell” rating in a research report on Thursday, March 21st. Stephens restated an “equal weight” rating and set a $32.00 price target on shares of WaFd in a research report on Tuesday, April 23rd. Finally, DA Davidson reiterated a “buy” rating and issued a $35.00 price objective on shares of WaFd in a report on Thursday, April 11th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $33.25.

Get Our Latest Report on WAFD

WaFd Profile

(Free Report)

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.

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Institutional Ownership by Quarter for WaFd (NASDAQ:WAFD)

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