Victory Capital Management Inc. Has $6.16 Million Holdings in WaFd, Inc (NASDAQ:WAFD)

Victory Capital Management Inc. cut its position in WaFd, Inc (NASDAQ:WAFD) by 35.2% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 176,788 shares of the bank’s stock after selling 95,933 shares during the period. Victory Capital Management Inc.’s holdings in WaFd were worth $6,161,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in WAFD. Assenagon Asset Management S.A. bought a new position in shares of WaFd in the third quarter valued at $18,583,000. American Century Companies Inc. grew its stake in shares of WaFd by 31.6% in the second quarter. American Century Companies Inc. now owns 1,274,665 shares of the bank’s stock valued at $36,430,000 after buying an additional 305,942 shares in the last quarter. Vanguard Group Inc. grew its stake in shares of WaFd by 1.6% in the first quarter. Vanguard Group Inc. now owns 7,902,461 shares of the bank’s stock valued at $229,408,000 after buying an additional 125,020 shares in the last quarter. Principal Financial Group Inc. grew its stake in shares of WaFd by 28.6% in the third quarter. Principal Financial Group Inc. now owns 428,504 shares of the bank’s stock valued at $14,933,000 after buying an additional 95,251 shares in the last quarter. Finally, Roubaix Capital LLC bought a new position in shares of WaFd in the third quarter valued at $3,281,000. 83.71% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

WAFD has been the subject of several analyst reports. StockNews.com raised shares of WaFd from a “sell” rating to a “hold” rating in a research note on Tuesday, November 12th. DA Davidson lifted their price objective 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. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and set a $40.00 price objective on shares of WaFd in a research report on Monday, October 21st. Finally, Piper Sandler reduced their price objective on shares of WaFd from $36.00 to $35.00 and set a “neutral” rating for the company in a research report on Monday, October 21st. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $38.00.

Insider Activity at WaFd

In related news, EVP Ryan Mauer sold 12,132 shares of the business’s stock in a transaction dated Monday, November 4th. The stock was sold at an average price of $33.33, for a total value of $404,359.56. Following the completion of the transaction, the executive vice president now owns 100,376 shares of the company’s stock, valued at $3,345,532.08. The trade was a 10.78 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 2.25% of the stock is owned by insiders.

WaFd Trading Up 2.9 %

Shares of WaFd stock opened at $37.15 on Friday. The firm has a 50-day moving average of $35.30 and a 200-day moving average of $32.57. The stock has a market cap of $3.02 billion, a PE ratio of 14.66 and a beta of 0.83. WaFd, Inc has a 52-week low of $25.78 and a 52-week high of $38.58. 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 (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 company had revenue of $389.98 million during the quarter, compared to analysts’ expectations 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 previous year, the business posted $0.72 earnings per share. As a group, sell-side analysts forecast that WaFd, Inc will post 2.82 EPS for the current year.

WaFd Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Friday, November 22nd will be given a $0.26 dividend. The ex-dividend date is Friday, November 22nd. This represents a $1.04 dividend on an annualized basis and a dividend yield of 2.80%. WaFd’s payout ratio is presently 41.94%.

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.