Deutsche Bank AG Raises Stock Position in WaFd, Inc (NASDAQ:WAFD)

Deutsche Bank AG boosted its position in shares of WaFd, Inc (NASDAQ:WAFD) by 60.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 56,886 shares of the bank’s stock after acquiring an additional 21,334 shares during the period. Deutsche Bank AG owned 0.07% of WaFd worth $1,834,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. EP Wealth Advisors LLC lifted its holdings in shares of WaFd by 14.5% during the 4th quarter. EP Wealth Advisors LLC now owns 11,428 shares of the bank’s stock valued at $368,000 after purchasing an additional 1,444 shares during the last quarter. Crestline Management LP acquired a new position in WaFd during the 4th quarter valued at about $258,000. Cetera Investment Advisers increased its position in WaFd by 21.0% during the 4th quarter. Cetera Investment Advisers now owns 8,309 shares of the bank’s stock valued at $268,000 after buying an additional 1,443 shares in the last quarter. Bridgeway Capital Management LLC raised its stake in WaFd by 2.5% in the fourth quarter. Bridgeway Capital Management LLC now owns 448,216 shares of the bank’s stock valued at $14,450,000 after buying an additional 10,729 shares during the last quarter. Finally, Basswood Capital Management L.L.C. acquired a new stake in WaFd in the fourth quarter worth about $9,210,000. Hedge funds and other institutional investors own 83.71% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the stock. Stephens restated an “equal weight” rating and set a $29.00 price objective on shares of WaFd in a report on Monday, April 14th. Keefe, Bruyette & Woods cut their price target 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. Wall Street Zen raised shares of WaFd from a “sell” rating to a “hold” rating in a report on Saturday, April 12th. Finally, DA Davidson lowered shares of WaFd from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $35.00 to $32.00 in a report on Thursday, February 6th. Five investment analysts have rated the stock with a hold rating, According to MarketBeat, WaFd presently has a consensus rating of “Hold” and a consensus target price of $30.50.

WaFd Trading Down 1.3%

Shares of NASDAQ:WAFD opened at $28.47 on Friday. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 1.05. WaFd, Inc has a 52-week low of $23.75 and a 52-week high of $38.62. The stock has a market cap of $2.28 billion, a price-to-earnings ratio of 13.12 and a beta of 0.85. The business has a 50-day moving average price of $28.06 and a 200-day moving average price of $30.82.

WaFd (NASDAQ:WAFD) last issued its quarterly earnings results on Friday, April 11th. The bank reported $0.65 earnings per share for the quarter, topping the consensus estimate 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 the consensus estimate of $184.17 million. Equities analysts predict that WaFd, Inc will post 2.56 EPS for the current year.

WaFd Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 6th. Investors of record on Friday, May 23rd will be issued a dividend of $0.27 per share. The ex-dividend date is Friday, May 23rd. This represents a $1.08 annualized dividend and a dividend yield of 3.79%. WaFd’s dividend payout ratio (DPR) is presently 40.75%.

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.