Maryland State Retirement & Pension System Has $673,000 Stock Position in WaFd, Inc (NASDAQ:WAFD)

Maryland State Retirement & Pension System lessened its stake in WaFd, Inc (NASDAQ:WAFD) by 4.6% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 23,561 shares of the bank’s stock after selling 1,127 shares during the quarter. Maryland State Retirement & Pension System’s holdings in WaFd were worth $673,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of the stock. Natixis Advisors L.P. boosted its holdings in WaFd by 17.3% in the fourth quarter. Natixis Advisors L.P. now owns 14,732 shares of the bank’s stock valued at $485,000 after acquiring an additional 2,177 shares during the last quarter. M&T Bank Corp acquired a new stake in shares of WaFd during the 4th quarter worth approximately $260,000. Charles Schwab Investment Management Inc. raised its stake in shares of WaFd by 7.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,030,035 shares of the bank’s stock worth $33,950,000 after buying an additional 73,345 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in shares of WaFd by 2.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 5,261,777 shares of the bank’s stock worth $173,430,000 after buying an additional 123,575 shares during the last quarter. Finally, Inceptionr LLC acquired a new position in WaFd in the fourth quarter valued at approximately $270,000. 83.71% of the stock is owned by institutional investors.

WaFd Trading Up 0.0 %

WAFD opened at $36.67 on Tuesday. The firm’s fifty day moving average is $32.87 and its two-hundred day moving average is $29.54. The firm has a market cap of $2.98 billion, a PE ratio of 13.94 and a beta of 0.83. WaFd, Inc has a twelve month low of $23.36 and a twelve month high of $37.49. The company has a debt-to-equity ratio of 1.52, a quick ratio of 1.09 and a current ratio of 1.11.

WaFd (NASDAQ:WAFD) last issued its quarterly earnings data on Tuesday, July 16th. The bank reported $0.75 EPS for the quarter, topping the consensus estimate of $0.57 by $0.18. WaFd had a return on equity of 9.58% and a net margin of 14.13%. The business had revenue of $194.44 million for the quarter, compared to the consensus estimate of $185.36 million. During the same quarter last year, the business posted $0.89 EPS. The firm’s revenue was up 6.6% compared to the same quarter last year. Equities research analysts anticipate that WaFd, Inc will post 3 EPS for the current year.

WaFd Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 6th. Investors of record on Friday, August 23rd will be given a $0.26 dividend. The ex-dividend date is Friday, August 23rd. This represents a $1.04 annualized dividend and a dividend yield of 2.84%. WaFd’s dividend payout ratio is presently 39.54%.

Analyst Upgrades and Downgrades

A number of research firms have commented on WAFD. Stephens lifted their target price on shares of WaFd from $32.00 to $36.00 and gave the stock an “equal weight” rating in a report on Thursday, July 18th. Piper Sandler upped their price objective on WaFd from $29.00 to $31.00 and gave the company a “neutral” rating in a report on Monday, May 20th. Finally, StockNews.com upgraded WaFd from a “sell” rating to a “hold” rating in a report on Thursday, July 18th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $34.25.

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.