The Manufacturers Life Insurance Company Sells 1,098 Shares of WaFd, Inc (NASDAQ:WAFD)

The Manufacturers Life Insurance Company lowered its stake in shares of WaFd, Inc (NASDAQ:WAFD) by 2.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 38,521 shares of the bank’s stock after selling 1,098 shares during the quarter. The Manufacturers Life Insurance Company’s holdings in WaFd were worth $1,242,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. JPMorgan Chase & Co. grew its stake in shares of WaFd by 152.9% in the 4th quarter. JPMorgan Chase & Co. now owns 469,704 shares of the bank’s stock worth $15,143,000 after acquiring an additional 283,953 shares in the last quarter. American Century Companies Inc. grew its position in WaFd by 15.3% in the 4th quarter. American Century Companies Inc. now owns 1,774,081 shares of the bank’s stock worth $57,196,000 after purchasing an additional 234,977 shares in the last quarter. Norges Bank purchased a new stake in WaFd in the 4th quarter valued at about $6,539,000. Invesco Ltd. lifted its position in shares of WaFd by 63.6% during the 4th quarter. Invesco Ltd. now owns 493,501 shares of the bank’s stock worth $15,910,000 after buying an additional 191,855 shares in the last quarter. Finally, Vanguard Group Inc. boosted its stake in shares of WaFd by 1.8% in the 4th quarter. Vanguard Group Inc. now owns 9,420,004 shares of the bank’s stock worth $303,701,000 after buying an additional 166,931 shares during the last quarter. 83.71% of the stock is owned by hedge funds and other institutional investors.

WaFd Price Performance

WAFD opened at $29.77 on Wednesday. The firm has a 50-day moving average price of $27.84 and a 200-day moving average price of $31.07. WaFd, Inc has a twelve month low of $23.75 and a twelve month high of $38.62. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 1.05. The company has a market capitalization of $2.39 billion, a price-to-earnings ratio of 13.72 and a beta of 0.85.

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

Analyst Upgrades and Downgrades

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

About WaFd

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.