Hennessy Advisors Inc. lifted its holdings in WaFd, Inc (NASDAQ:WAFD – Free Report) by 1.0% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 101,000 shares of the bank’s stock after purchasing an additional 1,000 shares during the quarter. Hennessy Advisors Inc. owned 0.16% of WaFd worth $2,932,000 at the end of the most recent quarter.
A number of other institutional investors also recently bought and sold shares of WAFD. PNC Financial Services Group Inc. grew its stake in WaFd by 5.8% in the fourth quarter. PNC Financial Services Group Inc. now owns 12,054 shares of the bank’s stock valued at $397,000 after purchasing an additional 661 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its holdings in WaFd by 4.4% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 29,496 shares of the bank’s stock valued at $972,000 after purchasing an additional 1,250 shares during the last quarter. Natixis Advisors L.P. boosted its holdings in WaFd by 17.3% in the fourth quarter. Natixis Advisors L.P. now owns 14,732 shares of the bank’s stock valued at $485,000 after purchasing an additional 2,177 shares during the last quarter. FMR LLC boosted its holdings in WaFd by 2.0% in the third quarter. FMR LLC now owns 120,314 shares of the bank’s stock valued at $3,082,000 after purchasing an additional 2,304 shares during the last quarter. Finally, Congress Asset Management Co. MA boosted its holdings in WaFd by 1.2% in the first quarter. Congress Asset Management Co. MA now owns 223,770 shares of the bank’s stock valued at $6,496,000 after purchasing an additional 2,688 shares during the last quarter. 83.71% of the stock is currently owned by institutional investors.
WaFd Trading Up 2.3 %
Shares of NASDAQ:WAFD traded up $0.62 during mid-day trading on Friday, reaching $28.16. 276,524 shares of the company were exchanged, compared to its average volume of 378,389. The company has a debt-to-equity ratio of 2.07, a current ratio of 1.17 and a quick ratio of 1.03. The firm has a market cap of $2.29 billion, a price-to-earnings ratio of 10.47 and a beta of 0.85. The firm’s 50-day simple moving average is $27.72 and its 200 day simple moving average is $28.71. WaFd, Inc has a 1 year low of $23.36 and a 1 year high of $34.07.
WaFd Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Friday, June 7th. Stockholders of record on Friday, May 24th were issued a $0.26 dividend. The ex-dividend date was Thursday, May 23rd. This represents a $1.04 dividend on an annualized basis and a dividend yield of 3.69%. WaFd’s payout ratio is 39.54%.
Analysts Set New Price Targets
Several equities research analysts have commented on the stock. StockNews.com lowered shares of WaFd from a “hold” rating to a “sell” rating in a report on Thursday, March 21st. Stephens reiterated an “equal weight” rating and issued a $32.00 price objective on shares of WaFd in a research report on Tuesday, April 23rd. Piper Sandler upped their price objective on shares of WaFd from $29.00 to $31.00 and gave the stock a “neutral” rating in a research report on Monday, May 20th. Finally, DA Davidson reiterated a “buy” rating and issued a $35.00 price objective on shares of WaFd in a research report on Thursday, April 11th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $33.25.
Check Out Our Latest Stock Analysis on WAFD
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.
Featured Articles
- Five stocks we like better than WaFd
- Where to Find Earnings Call Transcripts
- Qualcomm Stock: AI-Powered Growth Despite Volatility
- Investing In Preferred Stock vs. Common Stock
- Salesforce Stock: Meeting Recap, AI Focus, and Forecast
- Stocks with Unusual Volume: How to Find Unusual Volume Stocks in Real Time
- Is CAVA Overextended? A Closer Look at This High-Flying Stock
Want to see what other hedge funds are holding WAFD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for WaFd, Inc (NASDAQ:WAFD – Free Report).
Receive News & Ratings for WaFd Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for WaFd and related companies with MarketBeat.com's FREE daily email newsletter.