WaFd, Inc (NASDAQ:WAFD) Shares Sold by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. trimmed its position in shares of WaFd, Inc (NASDAQ:WAFD) by 2.8% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 124,493 shares of the bank’s stock after selling 3,616 shares during the quarter. Envestnet Asset Management Inc. owned 0.15% of WaFd worth $4,014,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the company. McIlrath & Eck LLC boosted its stake in shares of WaFd by 112.7% in the third quarter. McIlrath & Eck LLC now owns 1,323 shares of the bank’s stock valued at $46,000 after purchasing an additional 701 shares during the period. Harbour Investments Inc. boosted its position in WaFd by 29.6% in the 4th quarter. Harbour Investments Inc. now owns 1,752 shares of the bank’s stock valued at $56,000 after buying an additional 400 shares during the period. Blue Trust Inc. boosted its position in WaFd by 68.4% in the 4th quarter. Blue Trust Inc. now owns 2,000 shares of the bank’s stock valued at $70,000 after buying an additional 812 shares during the period. US Bancorp DE grew its stake in shares of WaFd by 136.7% in the fourth quarter. US Bancorp DE now owns 3,638 shares of the bank’s stock worth $117,000 after acquiring an additional 2,101 shares in the last quarter. Finally, KBC Group NV increased its position in shares of WaFd by 34.5% during the fourth quarter. KBC Group NV now owns 3,762 shares of the bank’s stock worth $121,000 after acquiring an additional 965 shares during the period. 83.71% of the stock is owned by institutional investors and hedge funds.

WaFd Price Performance

Shares of NASDAQ WAFD opened at $28.41 on Thursday. The stock’s 50-day simple moving average is $28.04 and its 200-day simple moving average is $31.69. The firm has a market capitalization of $2.32 billion, a PE ratio of 13.09 and a beta of 0.79. WaFd, Inc has a fifty-two week low of $23.75 and a fifty-two week high of $38.62. The company has a debt-to-equity ratio of 1.05, a quick ratio of 1.04 and a current ratio of 1.04.

WaFd (NASDAQ:WAFD) last released its quarterly earnings data on Friday, April 11th. The bank reported $0.65 earnings per share for the quarter, topping analysts’ consensus estimates of $0.60 by $0.05. WaFd had a net margin of 12.66% and a return on equity of 8.78%. The company had revenue of $179.79 million for the quarter, compared to analysts’ expectations of $184.17 million. As a group, equities research analysts forecast that WaFd, Inc will post 2.56 EPS for the current fiscal year.

WaFd Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 7th. Investors of record on Friday, February 21st were given a $0.27 dividend. The ex-dividend date was Friday, February 21st. This is a boost from WaFd’s previous quarterly dividend of $0.26. This represents a $1.08 dividend on an annualized basis and a yield of 3.80%. WaFd’s payout ratio is 40.75%.

Analyst Upgrades and Downgrades

WAFD has been the subject of a number of recent research reports. DA Davidson lowered WaFd from a “buy” rating to a “neutral” rating and decreased their target price for the company from $35.00 to $32.00 in a report on Thursday, February 6th. Stephens reissued an “equal weight” rating and set a $29.00 price objective on shares of WaFd in a research report on Monday, April 14th. Keefe, Bruyette & Woods cut their target price on shares of WaFd from $32.00 to $30.00 and set a “market perform” rating on the stock in a research note on Wednesday, April 16th. Piper Sandler decreased their price target on shares of WaFd from $37.00 to $31.00 and set a “neutral” rating for the company in a research note on Tuesday, January 21st. Finally, StockNews.com raised shares of WaFd from a “sell” rating to a “hold” rating in a research report on Saturday, April 12th. Five research analysts have rated the stock with a hold rating, Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $30.50.

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.