Zacks Research Weighs in on WaFd’s Q2 Earnings (NASDAQ:WAFD)

WaFd, Inc. (NASDAQ:WAFD) – Investment analysts at Zacks Research cut their Q2 2026 earnings per share estimates for WaFd in a research note issued on Wednesday, July 16th. Zacks Research analyst R. Department now anticipates that the bank will post earnings per share of $0.70 for the quarter, down from their previous estimate of $0.71. The consensus estimate for WaFd’s current full-year earnings is $2.56 per share. Zacks Research also issued estimates for WaFd’s Q2 2026 earnings at $0.70 EPS, Q3 2026 earnings at $0.77 EPS, Q3 2026 earnings at $0.77 EPS, Q4 2026 earnings at $0.80 EPS, Q4 2026 earnings at $0.80 EPS, FY2026 earnings at $2.98 EPS, FY2026 earnings at $2.98 EPS and Q1 2027 earnings at $0.81 EPS.

WaFd (NASDAQ:WAFD) last released its quarterly earnings data on Thursday, July 17th. The bank reported $0.73 earnings per share for the quarter, beating the consensus estimate of $0.67 by $0.06. The firm had revenue of $186.26 million during the quarter, compared to the consensus estimate of $184.47 million. WaFd had a return on equity of 8.56% and a net margin of 15.57%.

Several other equities research analysts have also weighed in on the company. Keefe, Bruyette & Woods reduced their price objective on 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 reaffirmed an “equal weight” rating and issued a $29.00 target price on shares of WaFd in a research report on Monday, April 14th. Finally, Wall Street Zen raised WaFd from a “sell” rating to a “hold” rating in a research report on Friday. Five equities research analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $30.50.

WaFd Stock Down 0.0%

Shares of WaFd stock opened at $29.73 on Friday. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 1.01. The firm has a market cap of $2.38 billion, a P/E ratio of 11.30 and a beta of 0.84. WaFd has a fifty-two week low of $23.75 and a fifty-two week high of $38.62. The business has a 50-day moving average price of $29.34 and a 200 day moving average price of $29.10.

WaFd Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 6th. Shareholders of record on Friday, May 23rd were issued a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 3.63%. The ex-dividend date was Friday, May 23rd. WaFd’s payout ratio is 40.75%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of WAFD. Comerica Bank raised its position in shares of WaFd by 0.5% during the 1st quarter. Comerica Bank now owns 69,180 shares of the bank’s stock valued at $1,977,000 after acquiring an additional 376 shares during the last quarter. Harbour Investments Inc. increased its position in shares of 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 in the last quarter. CANADA LIFE ASSURANCE Co increased its position in shares of WaFd by 0.4% in the 4th quarter. CANADA LIFE ASSURANCE Co now owns 98,124 shares of the bank’s stock valued at $3,162,000 after buying an additional 433 shares in the last quarter. Summit Investment Advisors Inc. increased its position in shares of WaFd by 6.9% in the 4th quarter. Summit Investment Advisors Inc. now owns 6,987 shares of the bank’s stock valued at $225,000 after buying an additional 450 shares in the last quarter. Finally, PNC Financial Services Group Inc. increased its position in shares of WaFd by 3.5% in the 1st quarter. PNC Financial Services Group Inc. now owns 13,892 shares of the bank’s stock valued at $397,000 after buying an additional 468 shares in the last quarter. 83.71% of the stock is owned by institutional investors and hedge funds.

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.