Tudor Investment Corp ET AL Invests $1.39 Million in WaFd, Inc. $WAFD

Tudor Investment Corp ET AL bought a new position in WaFd, Inc. (NASDAQ:WAFD) during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 45,792 shares of the bank’s stock, valued at approximately $1,387,000. Tudor Investment Corp ET AL owned about 0.06% of WaFd at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in WAFD. Northwestern Mutual Wealth Management Co. increased its holdings in WaFd by 42.8% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,174 shares of the bank’s stock worth $34,000 after purchasing an additional 352 shares in the last quarter. McIlrath & Eck LLC lifted its holdings in shares of WaFd by 57.6% in the second quarter. McIlrath & Eck LLC now owns 1,327 shares of the bank’s stock valued at $39,000 after purchasing an additional 485 shares in the last quarter. Hantz Financial Services Inc. boosted its position in shares of WaFd by 604.5% during the third quarter. Hantz Financial Services Inc. now owns 1,423 shares of the bank’s stock valued at $43,000 after buying an additional 1,221 shares during the last quarter. Danske Bank A S bought a new stake in WaFd during the third quarter worth $51,000. Finally, Blue Trust Inc. grew its holdings in WaFd by 36.0% during the third quarter. Blue Trust Inc. now owns 1,837 shares of the bank’s stock worth $56,000 after buying an additional 486 shares in the last quarter. Institutional investors own 83.71% of the company’s stock.

Insider Buying and Selling

In related news, EVP Cathy E. Cooper sold 5,300 shares of the company’s stock in a transaction that occurred on Friday, February 6th. The stock was sold at an average price of $33.77, for a total value of $178,981.00. Following the transaction, the executive vice president owned 94,755 shares in the company, valued at approximately $3,199,876.35. This represents a 5.30% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 1.49% of the company’s stock.

WaFd Price Performance

WAFD opened at $31.05 on Monday. WaFd, Inc. has a fifty-two week low of $23.75 and a fifty-two week high of $34.29. The firm has a 50-day moving average of $32.07 and a 200 day moving average of $31.51. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.95 and a current ratio of 0.95. The firm has a market cap of $2.36 billion, a P/E ratio of 10.74 and a beta of 0.85.

WaFd (NASDAQ:WAFD) last announced its quarterly earnings data on Friday, January 16th. The bank reported $0.75 EPS for the quarter, missing the consensus estimate of $0.76 by ($0.01). The company had revenue of $188.32 million during the quarter, compared to the consensus estimate of $193.36 million. WaFd had a return on equity of 8.67% and a net margin of 17.45%. On average, research analysts expect that WaFd, Inc. 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, February 27th. Investors of record on Friday, February 13th were issued a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date of this dividend was Friday, February 13th. WaFd’s payout ratio is 37.37%.

Analyst Ratings Changes

WAFD has been the topic of several recent analyst reports. Piper Sandler dropped their price objective on WaFd from $33.50 to $30.50 and set a “neutral” rating on the stock in a research note on Tuesday, January 20th. Keefe, Bruyette & Woods upped their target price on shares of WaFd from $31.00 to $34.00 and gave the stock a “market perform” rating in a research note on Tuesday, January 20th. Weiss Ratings reissued a “hold (c+)” rating on shares of WaFd in a research report on Monday, December 29th. Royal Bank Of Canada set a $34.00 price target on shares of WaFd in a report on Tuesday, January 20th. Finally, Wall Street Zen raised shares of WaFd from a “sell” rating to a “hold” rating in a research report on Sunday, February 8th. Five analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $32.90.

WaFd Company Profile

Washington Federal, Inc, doing business as WaFd Bank, is a publicly traded bank holding company headquartered in Seattle, Washington. Through its subsidiary, WaFd Bank, the company provides a range of banking and financial services to individuals, small-to-medium enterprises, and commercial clients. Established in 1917 as Ballard Savings & Loan in Seattle, the institution expanded over decades to serve customers across the Western United States under the Washington Federal name and has operated as a public company since the early 1980s.

WaFd Bank’s core offerings encompass deposit accounts such as checking, savings, money market, and certificates of deposit, alongside consumer and commercial lending products.