9,045 Shares in WaFd, Inc (NASDAQ:WAFD) Bought by Sanctuary Advisors LLC

Sanctuary Advisors LLC bought a new position in shares of WaFd, Inc (NASDAQ:WAFD) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 9,045 shares of the bank’s stock, valued at approximately $252,000.

Several other large investors have also bought and sold shares of the stock. Northwestern Mutual Wealth Management Co. raised its position in shares of WaFd by 100.0% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,644 shares of the bank’s stock worth $47,000 after acquiring an additional 822 shares in the last quarter. nVerses Capital LLC bought a new position in shares of WaFd in the 2nd quarter worth about $80,000. Meeder Asset Management Inc. bought a new position in shares of WaFd in the 1st quarter worth about $194,000. Ameritas Investment Partners Inc. raised its position in shares of WaFd by 5.7% in the 1st quarter. Ameritas Investment Partners Inc. now owns 6,887 shares of the bank’s stock worth $200,000 after acquiring an additional 373 shares in the last quarter. Finally, Algert Global LLC bought a new position in shares of WaFd in the 2nd quarter worth about $200,000. 83.71% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on WAFD. StockNews.com lowered WaFd from a “hold” rating to a “sell” rating in a research report on Thursday, October 3rd. Stephens raised their target price on WaFd from $32.00 to $36.00 and gave the company an “equal weight” rating in a research note on Thursday, July 18th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $34.25.

WaFd Stock Performance

Shares of WAFD opened at $36.17 on Friday. The company has a debt-to-equity ratio of 1.52, a current ratio of 1.11 and a quick ratio of 1.09. The stock has a 50-day moving average of $35.28 and a 200-day moving average of $31.30. The company has a market cap of $2.94 billion, a PE ratio of 13.75 and a beta of 0.83. WaFd, Inc has a one year low of $23.36 and a one year high of $37.49.

WaFd (NASDAQ:WAFD) last released its quarterly 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 business had revenue of $389.98 million during the quarter, compared to the consensus estimate of $190.43 million. WaFd had a return on equity of 9.58% and a net margin of 14.13%. During the same quarter in the previous year, the business earned $0.72 EPS. On average, equities research analysts predict that WaFd, Inc will post 3 EPS for the current fiscal year.

WaFd Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, September 6th. Shareholders of record on Friday, August 23rd were paid a dividend of $0.26 per share. The ex-dividend date was Friday, August 23rd. This represents a $1.04 dividend on an annualized basis and a yield of 2.88%. WaFd’s dividend payout ratio (DPR) is currently 39.54%.

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.