Oliver Luxxe Assets LLC Buys 1,293 Shares of WaFd, Inc (NASDAQ:WAFD)

Oliver Luxxe Assets LLC increased its stake in WaFd, Inc (NASDAQ:WAFD) by 2.5% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 53,604 shares of the bank’s stock after purchasing an additional 1,293 shares during the quarter. Oliver Luxxe Assets LLC’s holdings in WaFd were worth $1,728,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in WAFD. Assenagon Asset Management S.A. bought a new position in shares of WaFd in the third quarter valued at approximately $18,583,000. American Century Companies Inc. raised its holdings in WaFd by 31.6% in the 2nd quarter. American Century Companies Inc. now owns 1,274,665 shares of the bank’s stock worth $36,430,000 after acquiring an additional 305,942 shares during the period. Systematic Financial Management LP raised its holdings in WaFd by 21.5% in the 3rd quarter. Systematic Financial Management LP now owns 1,432,523 shares of the bank’s stock worth $49,923,000 after acquiring an additional 253,044 shares during the period. State Street Corp lifted its position in WaFd by 5.2% during the 3rd quarter. State Street Corp now owns 3,969,790 shares of the bank’s stock worth $138,347,000 after acquiring an additional 195,845 shares during the last quarter. Finally, Geode Capital Management LLC boosted its holdings in WaFd by 10.0% during the third quarter. Geode Capital Management LLC now owns 1,759,135 shares of the bank’s stock valued at $61,318,000 after acquiring an additional 159,750 shares during the period. Institutional investors own 83.71% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on WAFD shares. Piper Sandler dropped their price objective on WaFd from $36.00 to $35.00 and set a “neutral” rating on the stock in a research note on Monday, October 21st. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and issued a $40.00 price target on shares of WaFd in a research report on Monday, October 21st. StockNews.com upgraded WaFd from a “sell” rating to a “hold” rating in a report on Tuesday, November 12th. Finally, DA Davidson raised their price objective on shares of WaFd from $39.00 to $41.00 and gave the stock a “buy” rating in a research note on Monday, October 21st. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $38.00.

WaFd Stock Performance

WAFD traded up $0.31 on Monday, hitting $32.66. 239,627 shares of the stock traded hands, compared to its average volume of 386,564. The business has a fifty day moving average price of $35.08 and a two-hundred day moving average price of $34.08. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 1.21. The firm has a market capitalization of $2.66 billion, a PE ratio of 13.17 and a beta of 0.87. WaFd, Inc has a 52 week low of $25.78 and a 52 week high of $38.62.

WaFd (NASDAQ:WAFD) last released its quarterly earnings data 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 for the quarter, compared to analysts’ expectations of $190.43 million. WaFd had a return on equity of 9.44% and a net margin of 13.97%. During the same period in the previous year, the business posted $0.72 earnings per share. On average, research analysts predict that WaFd, Inc will post 2.82 EPS for the current fiscal 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 paid 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 yield of 3.18%. WaFd’s payout ratio is currently 41.94%.

Insider Buying and Selling

In related news, EVP Ryan Mauer sold 12,132 shares of the 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 owns 100,376 shares in the company, valued at $3,345,532.08. This trade represents a 10.78 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 1.46% of the company’s stock.

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.