WaFd, Inc (NASDAQ:WAFD) Shares Bought by Covestor Ltd

Covestor Ltd grew its position in shares of WaFd, Inc (NASDAQ:WAFD) by 60.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,904 shares of the bank’s stock after purchasing an additional 715 shares during the period. Covestor Ltd’s holdings in WaFd were worth $66,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Vanguard Group Inc. grew its stake in WaFd by 1.6% during the first quarter. Vanguard Group Inc. now owns 7,902,461 shares of the bank’s stock worth $229,408,000 after buying an additional 125,020 shares during the period. American Century Companies Inc. lifted its position in shares of WaFd by 31.6% during the second quarter. American Century Companies Inc. now owns 1,274,665 shares of the bank’s stock worth $36,430,000 after purchasing an additional 305,942 shares in the last quarter. Bank of New York Mellon Corp lifted its position in shares of WaFd by 1.3% during the second quarter. Bank of New York Mellon Corp now owns 728,619 shares of the bank’s stock worth $20,824,000 after purchasing an additional 9,262 shares in the last quarter. Clearbridge Investments LLC lifted its position in shares of WaFd by 2.2% during the first quarter. Clearbridge Investments LLC now owns 606,140 shares of the bank’s stock worth $17,596,000 after purchasing an additional 12,910 shares in the last quarter. Finally, Assenagon Asset Management S.A. acquired a new position in shares of WaFd during the third quarter worth $18,583,000. 83.71% of the stock is owned by institutional investors and hedge funds.

WaFd Stock Down 0.5 %

WaFd stock opened at $36.97 on Friday. The company has a 50-day simple moving average of $35.19 and a 200-day simple moving average of $32.25. The firm has a market capitalization of $3.00 billion, a P/E ratio of 14.91 and a beta of 0.83. The company has a debt-to-equity ratio of 1.21, a quick ratio of 1.09 and a current ratio of 1.08. WaFd, Inc has a one year low of $25.78 and a one year high of $38.58.

WaFd (NASDAQ:WAFD) last announced its earnings results on Thursday, October 17th. The bank reported $0.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.70 by $0.01. The firm had revenue of $389.98 million during the quarter, compared to analyst estimates of $190.43 million. WaFd had a net margin of 13.97% and a return on equity of 9.44%. During the same quarter in the prior year, the firm posted $0.72 EPS. As a group, equities analysts expect that WaFd, Inc will post 2.83 earnings per share for the current year.

WaFd Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Friday, November 22nd will be given a dividend of $0.26 per share. The ex-dividend date is Friday, November 22nd. This represents a $1.04 annualized dividend and a dividend yield of 2.81%. WaFd’s dividend payout ratio (DPR) is 41.94%.

Analysts Set New Price Targets

A number of research analysts have recently commented on WAFD shares. DA Davidson boosted their target price on shares of WaFd from $39.00 to $41.00 and gave the stock a “buy” rating in a research report on Monday, October 21st. Stephens upped their price target on shares of WaFd from $32.00 to $36.00 and gave the company an “equal weight” rating in a report on Thursday, July 18th. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and issued a $40.00 price target on shares of WaFd in a report on Monday, October 21st. StockNews.com raised shares of WaFd from a “sell” rating to a “hold” rating in a report on Tuesday. Finally, Piper Sandler dropped their target price on shares of WaFd from $36.00 to $35.00 and set a “neutral” rating on the stock in a report on Monday, October 21st. Four analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $38.00.

Insider Activity

In other WaFd news, EVP Ryan Mauer sold 12,132 shares of the company’s stock in a transaction dated Monday, November 4th. The shares were sold at an average price of $33.33, for a total transaction of $404,359.56. Following the completion of the sale, the executive vice president now directly owns 100,376 shares of the company’s stock, valued at approximately $3,345,532.08. This represents a 10.78 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 2.25% 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.