WaFd (NASDAQ:WAFD) Given New $33.00 Price Target at Stephens

WaFd (NASDAQ:WAFD) had its price objective increased by Stephens from $32.00 to $33.00 in a research note issued to investors on Monday morning,Benzinga reports. The firm currently has an equal weight rating on the bank’s stock.

A number of other brokerages have also recently weighed in on WAFD. Wall Street Zen upgraded WaFd from a “sell” rating to a “hold” rating in a research report on Friday. Keefe, Bruyette & Woods dropped their target price on WaFd from $32.00 to $30.00 and set a “market perform” rating on the stock in a research report on Wednesday, April 16th. Five equities research analysts have rated the stock with a hold rating, According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $32.25.

WaFd Stock Performance

Shares of WaFd stock opened at $29.90 on Monday. The firm has a market cap of $2.40 billion, a PE ratio of 11.37 and a beta of 0.84. The firm’s 50-day simple moving average is $29.34 and its 200-day simple moving average is $29.06. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.02 and a current ratio of 0.98. WaFd has a 1 year low of $23.75 and a 1 year high of $38.62.

WaFd (NASDAQ:WAFD) last issued its earnings results on Thursday, July 17th. The bank reported $0.73 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.67 by $0.06. WaFd had a net margin of 15.57% and a return on equity of 8.57%. The business had revenue of $186.26 million for the quarter, compared to analyst estimates of $184.47 million. Equities analysts forecast that WaFd will post 2.56 earnings per share for the current fiscal year.

WaFd Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 6th. Shareholders of record on Friday, May 23rd were paid a $0.27 dividend. The ex-dividend date of this dividend was Friday, May 23rd. This represents a $1.08 annualized dividend and a dividend yield of 3.61%. WaFd’s payout ratio is currently 41.06%.

Institutional Investors Weigh In On WaFd

Large investors have recently made changes to their positions in the company. Brooklyn Investment Group acquired a new stake in shares of WaFd in the first quarter valued at approximately $28,000. Aster Capital Management DIFC Ltd increased its stake in shares of WaFd by 983.5% in the fourth quarter. Aster Capital Management DIFC Ltd now owns 1,116 shares of the bank’s stock valued at $36,000 after purchasing an additional 1,013 shares during the period. Harbour Investments Inc. increased its stake in shares of WaFd by 29.6% in the fourth quarter. Harbour Investments Inc. now owns 1,752 shares of the bank’s stock valued at $56,000 after purchasing an additional 400 shares during the period. TD Private Client Wealth LLC increased its stake in shares of WaFd by 35.2% in the first quarter. TD Private Client Wealth LLC now owns 2,002 shares of the bank’s stock valued at $57,000 after purchasing an additional 521 shares during the period. Finally, Caitong International Asset Management Co. Ltd increased its stake in shares of WaFd by 232.4% in the first quarter. Caitong International Asset Management Co. Ltd now owns 1,978 shares of the bank’s stock valued at $57,000 after purchasing an additional 1,383 shares during the period. Institutional investors and hedge funds own 83.71% of the company’s stock.

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.