WaFd, Inc (NASDAQ:WAFD) Shares Bought by Orion Portfolio Solutions LLC

Orion Portfolio Solutions LLC lifted its position in shares of WaFd, Inc (NASDAQ:WAFD) by 5.4% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 39,465 shares of the bank’s stock after buying an additional 2,025 shares during the period. Orion Portfolio Solutions LLC’s holdings in WaFd were worth $1,375,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Renaissance Technologies LLC raised its holdings in shares of WaFd by 24.1% in the 2nd quarter. Renaissance Technologies LLC now owns 139,530 shares of the bank’s stock worth $3,988,000 after purchasing an additional 27,100 shares during the period. Charles Schwab Investment Management Inc. increased its position in WaFd by 7.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,225,248 shares of the bank’s stock worth $42,700,000 after purchasing an additional 84,155 shares in the last quarter. Citigroup Inc. raised its holdings in WaFd by 11.9% in the third quarter. Citigroup Inc. now owns 186,174 shares of the bank’s stock valued at $6,488,000 after buying an additional 19,751 shares during the period. Meeder Asset Management Inc. lifted its position in WaFd by 618.6% during the second quarter. Meeder Asset Management Inc. now owns 47,972 shares of the bank’s stock valued at $1,371,000 after buying an additional 41,296 shares in the last quarter. Finally, Oliver Luxxe Assets LLC purchased a new stake in WaFd during the third quarter worth approximately $1,823,000. 83.71% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at WaFd

In other news, EVP Ryan Mauer sold 12,132 shares of the business’s stock in a transaction that occurred on Monday, November 4th. The shares were sold at an average price of $33.33, for a total transaction of $404,359.56. Following the sale, the executive vice president now owns 100,376 shares in the company, 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 legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 2.25% of the company’s stock.

WaFd Trading Down 0.0 %

WaFd stock opened at $35.35 on Friday. WaFd, Inc has a 52-week low of $25.78 and a 52-week high of $38.62. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 1.21. The firm has a market capitalization of $2.88 billion, a price-to-earnings ratio of 14.25 and a beta of 0.84. The firm has a 50-day moving average price of $35.75 and a two-hundred day moving average price of $33.42.

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. Sell-side analysts expect that WaFd, Inc will post 2.82 earnings per share for the current year.

WaFd Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, December 6th. Investors of record on Friday, November 22nd were issued a $0.26 dividend. The ex-dividend date of this dividend was Friday, November 22nd. This represents a $1.04 dividend on an annualized basis and a dividend yield of 2.94%. WaFd’s payout ratio is currently 41.94%.

Wall Street Analysts Forecast Growth

WAFD has been the topic of a number of research reports. Piper Sandler cut their target price on shares of WaFd from $36.00 to $35.00 and set a “neutral” rating on the stock in a research note on Monday, October 21st. DA Davidson raised their price objective on WaFd from $39.00 to $41.00 and gave the company a “buy” rating in a research report on Monday, October 21st. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and issued a $40.00 target price on shares of WaFd in a research report on Monday, October 21st. Finally, StockNews.com upgraded WaFd from a “sell” rating to a “hold” rating in a research note on Tuesday, November 12th. Four investment 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 has an average rating of “Hold” and a consensus target price of $38.00.

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.