WaFd, Inc. (NASDAQ:WAFD) Shares Sold by Envestnet Portfolio Solutions Inc.

Envestnet Portfolio Solutions Inc. lowered its stake in WaFd, Inc. (NASDAQ:WAFD) by 20.3% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 13,376 shares of the bank’s stock after selling 3,414 shares during the period. Envestnet Portfolio Solutions Inc.’s holdings in WaFd were worth $382,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the stock. Vanguard Group Inc. increased its holdings in shares of WaFd by 1.8% in the fourth quarter. Vanguard Group Inc. now owns 9,420,004 shares of the bank’s stock valued at $303,701,000 after purchasing an additional 166,931 shares during the period. Fuller & Thaler Asset Management Inc. increased its holdings in shares of WaFd by 1.2% in the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 3,696,480 shares of the bank’s stock valued at $119,175,000 after purchasing an additional 42,096 shares during the period. American Century Companies Inc. increased its holdings in shares of WaFd by 15.3% in the fourth quarter. American Century Companies Inc. now owns 1,774,081 shares of the bank’s stock valued at $57,196,000 after purchasing an additional 234,977 shares during the period. Systematic Financial Management LP grew its holdings in WaFd by 5.2% during the fourth quarter. Systematic Financial Management LP now owns 1,506,368 shares of the bank’s stock worth $48,565,000 after acquiring an additional 73,845 shares during the period. Finally, William Blair Investment Management LLC raised its position in WaFd by 2.5% in the fourth quarter. William Blair Investment Management LLC now owns 929,760 shares of the bank’s stock worth $29,975,000 after acquiring an additional 22,716 shares in the last quarter. Institutional investors and hedge funds own 83.71% of the company’s stock.

WaFd Trading Down 0.5%

NASDAQ:WAFD opened at $29.32 on Friday. The stock has a fifty day moving average price of $28.78 and a two-hundred day moving average price of $29.39. The stock has a market capitalization of $2.35 billion, a price-to-earnings ratio of 11.06 and a beta of 0.85. The company has a debt-to-equity ratio of 1.01, a quick ratio of 1.02 and a current ratio of 1.02. WaFd, Inc. has a 1 year low of $23.75 and a 1 year high of $38.62.

WaFd (NASDAQ:WAFD) last posted its earnings results on Friday, April 11th. The bank reported $0.65 earnings per share for the quarter, beating the consensus estimate of $0.60 by $0.05. The company had revenue of $179.79 million for the quarter, compared to analyst estimates of $184.17 million. WaFd had a return on equity of 8.74% and a net margin of 15.13%. As a group, sell-side analysts anticipate that WaFd, Inc. will post 2.56 earnings per share for the current fiscal year.

WaFd Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 6th. Shareholders of record on Friday, May 23rd were issued a $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 3.68%. The ex-dividend date of this dividend was Friday, May 23rd. WaFd’s dividend payout ratio (DPR) is 40.75%.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the company. Wall Street Zen cut WaFd from a “hold” rating to a “sell” rating in a research report on Friday. Stephens reiterated an “equal weight” rating and issued a $29.00 price objective on shares of WaFd in a research report on Monday, April 14th. Finally, Keefe, Bruyette & Woods cut their price objective on WaFd from $32.00 to $30.00 and set a “market perform” rating for the company in a research report on Wednesday, April 16th. One research analyst has rated the stock with a sell rating and four have issued a hold rating to the stock. According to MarketBeat.com, WaFd currently has an average rating of “Hold” and a consensus price target 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.