Public Employees Retirement System of Ohio Acquires 7,945 Shares of WaFd, Inc. $WAFD

Public Employees Retirement System of Ohio increased its holdings in shares of WaFd, Inc. (NASDAQ:WAFD) by 471.0% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 9,632 shares of the bank’s stock after acquiring an additional 7,945 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in WaFd were worth $282,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of WAFD. Brooklyn Investment Group bought a new position in WaFd in the 1st quarter valued at about $28,000. TD Private Client Wealth LLC increased its holdings in WaFd by 35.2% in the 1st quarter. TD Private Client Wealth LLC now owns 2,002 shares of the bank’s stock valued at $57,000 after buying an additional 521 shares during the period. Caitong International Asset Management Co. Ltd increased its holdings in WaFd by 232.4% in the 1st quarter. Caitong International Asset Management Co. Ltd now owns 1,978 shares of the bank’s stock valued at $57,000 after buying an additional 1,383 shares during the period. GAMMA Investing LLC increased its holdings in WaFd by 83.0% in the 2nd quarter. GAMMA Investing LLC now owns 2,597 shares of the bank’s stock valued at $76,000 after buying an additional 1,178 shares during the period. Finally, Marshall & Sullivan Inc. WA bought a new position in WaFd in the 2nd quarter valued at about $113,000. 83.71% of the stock is owned by institutional investors.

WaFd Stock Down 0.2%

Shares of NASDAQ WAFD opened at $29.91 on Tuesday. The company has a market capitalization of $2.36 billion, a P/E ratio of 11.37 and a beta of 0.88. WaFd, Inc. has a 52-week low of $23.75 and a 52-week high of $38.62. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.98 and a current ratio of 0.98. The company’s 50 day moving average price is $30.73 and its 200-day moving average price is $29.42.

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

WaFd Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 5th. Stockholders of record on Friday, August 22nd were given a $0.27 dividend. The ex-dividend date was Friday, August 22nd. This represents a $1.08 dividend on an annualized basis and a dividend yield of 3.6%. WaFd’s payout ratio is 41.06%.

Insider Activity

In other news, Director Sean Singleton sold 1,004 shares of the business’s stock in a transaction that occurred on Wednesday, September 17th. The shares were sold at an average price of $31.71, for a total value of $31,836.84. Following the transaction, the director owned 9,278 shares in the company, valued at approximately $294,205.38. The trade was a 9.76% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 1.46% of the company’s stock.

Wall Street Analysts Forecast Growth

WAFD has been the topic of several recent analyst reports. Piper Sandler raised their target price on shares of WaFd from $30.00 to $31.00 and gave the company a “neutral” rating in a report on Monday, July 21st. DA Davidson raised their target price on shares of WaFd from $29.00 to $33.00 and gave the company a “neutral” rating in a report on Monday, July 21st. Keefe, Bruyette & Woods raised their target price on shares of WaFd from $30.00 to $32.00 and gave the company a “market perform” rating in a report on Monday, July 21st. Wall Street Zen raised shares of WaFd from a “sell” rating to a “hold” rating in a report on Friday, July 18th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of WaFd in a report on Saturday, September 27th. Five equities research analysts have rated the stock with a Hold rating, According to MarketBeat, WaFd currently has a consensus rating of “Hold” and a consensus target price of $32.25.

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.