WaFd, Inc (NASDAQ:WAFD) Shares Sold by Amalgamated Bank

Amalgamated Bank lowered its stake in shares of WaFd, Inc (NASDAQ:WAFD) by 2.8% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 20,659 shares of the bank’s stock after selling 601 shares during the period. Amalgamated Bank’s holdings in WaFd were worth $590,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in WAFD. nVerses Capital LLC purchased a new stake in WaFd during the second quarter worth about $80,000. Meeder Asset Management Inc. purchased a new stake in WaFd during the 1st quarter worth approximately $194,000. Ameritas Investment Partners Inc. boosted its position in WaFd by 5.7% in the 1st quarter. Ameritas Investment Partners Inc. now owns 6,887 shares of the bank’s stock valued at $200,000 after buying an additional 373 shares during the period. DekaBank Deutsche Girozentrale grew its stake in shares of WaFd by 21.7% in the first quarter. DekaBank Deutsche Girozentrale now owns 7,322 shares of the bank’s stock worth $210,000 after acquiring an additional 1,305 shares in the last quarter. Finally, SG Americas Securities LLC purchased a new stake in shares of WaFd during the first quarter worth $237,000. Institutional investors and hedge funds own 83.71% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently commented on WAFD. StockNews.com raised WaFd from a “sell” rating to a “hold” rating in a report on Thursday, July 18th. Stephens upped their price target on WaFd from $32.00 to $36.00 and gave the company an “equal weight” rating in a report on Thursday, July 18th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, WaFd currently has a consensus rating of “Hold” and a consensus target price of $34.25.

WaFd Stock Performance

WaFd stock opened at $34.45 on Friday. The firm has a market capitalization of $2.80 billion, a PE ratio of 13.10 and a beta of 0.83. WaFd, Inc has a one year low of $23.36 and a one year high of $37.49. The stock’s 50 day moving average price is $35.06 and its 200 day moving average price is $30.52. The company has a debt-to-equity ratio of 1.52, a quick ratio of 1.09 and a current ratio of 1.11.

WaFd (NASDAQ:WAFD) last released its earnings results on Tuesday, July 16th. The bank reported $0.75 earnings per share for the quarter, topping the consensus estimate of $0.57 by $0.18. WaFd had a net margin of 14.13% and a return on equity of 9.58%. The company had revenue of $194.44 million during the quarter, compared to the consensus estimate of $185.36 million. During the same quarter in the previous year, the firm earned $0.89 EPS. The company’s revenue was up 6.6% on a year-over-year basis. As a group, sell-side analysts expect that WaFd, Inc will post 3 EPS for the current fiscal year.

WaFd Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, September 6th. Investors of record on Friday, August 23rd were given a $0.26 dividend. This represents a $1.04 annualized dividend and a yield of 3.02%. The ex-dividend date of this dividend was Friday, August 23rd. WaFd’s dividend payout ratio is currently 39.54%.

WaFd 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.