WaFd (NASDAQ:WAFD) Given New $31.00 Price Target at Keefe, Bruyette & Woods

WaFd (NASDAQ:WAFD) had its price objective cut by Keefe, Bruyette & Woods from $32.00 to $31.00 in a report released on Monday morning,Benzinga reports. They currently have a market perform rating on the bank’s stock.

Other equities analysts also recently issued reports about the company. Wall Street Zen downgraded WaFd from a “hold” rating to a “sell” rating in a research report on Saturday. Weiss Ratings reissued a “hold (c)” rating on shares of WaFd in a report on Wednesday, October 8th. Stephens boosted their target price on WaFd from $32.00 to $33.00 and gave the stock an “equal weight” rating in a report on Monday, July 21st. Piper Sandler boosted their target price on WaFd from $30.00 to $31.00 and gave the stock a “neutral” rating in a report on Monday, July 21st. Finally, DA Davidson boosted their target price on WaFd from $29.00 to $33.00 and gave the stock a “neutral” rating in a report on Monday, July 21st. Five research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $32.00.

WaFd Stock Performance

Shares of NASDAQ WAFD opened at $29.11 on Monday. The company has a current ratio of 0.96, a quick ratio of 0.98 and a debt-to-equity ratio of 0.64. The stock has a 50 day simple moving average of $30.62 and a 200-day simple moving average of $29.47. The company has a market cap of $2.29 billion, a PE ratio of 11.03 and a beta of 0.88. WaFd has a 12-month low of $23.75 and a 12-month high of $38.62.

WaFd (NASDAQ:WAFD) last issued its quarterly earnings data on Thursday, October 16th. The bank reported $0.72 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.75 by ($0.03). The business had revenue of $190.55 million for the quarter, compared to analyst estimates of $191.04 million. WaFd had a return on equity of 8.40% and a net margin of 16.02%. On average, equities research analysts forecast that WaFd will post 2.56 EPS for the current year.

WaFd Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, September 5th. Shareholders of record on Friday, August 22nd were issued a $0.27 dividend. The ex-dividend date of this dividend was Friday, August 22nd. This represents a $1.08 annualized dividend and a dividend yield of 3.7%. WaFd’s dividend payout ratio is currently 40.91%.

Insider Activity

In other WaFd news, Director Sean Singleton sold 1,004 shares of the company’s stock in a transaction on Wednesday, September 17th. The stock was 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 of the company’s stock, valued at approximately $294,205.38. This represents a 9.76% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 1.46% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Principal Financial Group Inc. increased its holdings in shares of WaFd by 3.1% in the first quarter. Principal Financial Group Inc. now owns 461,593 shares of the bank’s stock valued at $13,192,000 after buying an additional 13,972 shares in the last quarter. KBC Group NV increased its holdings in shares of WaFd by 12.7% in the first quarter. KBC Group NV now owns 4,239 shares of the bank’s stock valued at $121,000 after buying an additional 477 shares in the last quarter. Invesco Ltd. increased its holdings in shares of WaFd by 124.3% in the first quarter. Invesco Ltd. now owns 1,107,097 shares of the bank’s stock valued at $31,641,000 after buying an additional 613,596 shares in the last quarter. Northern Trust Corp increased its holdings in shares of WaFd by 5.1% in the first quarter. Northern Trust Corp now owns 875,079 shares of the bank’s stock valued at $25,010,000 after buying an additional 42,653 shares in the last quarter. Finally, Aigen Investment Management LP bought a new position in shares of WaFd in the first quarter valued at $281,000. Institutional investors own 83.71% of the company’s stock.

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.