FY2024 EPS Estimates for WaFd, Inc (NASDAQ:WAFD) Reduced by Analyst

WaFd, Inc (NASDAQ:WAFD) – Stock analysts at Zacks Research dropped their FY2024 earnings per share (EPS) estimates for WaFd in a note issued to investors on Monday, June 24th. Zacks Research analyst S. Shah now forecasts that the bank will post earnings of $2.79 per share for the year, down from their prior forecast of $2.84. The consensus estimate for WaFd’s current full-year earnings is $2.77 per share. Zacks Research also issued estimates for WaFd’s Q3 2025 earnings at $0.76 EPS, Q4 2025 earnings at $0.84 EPS, FY2025 earnings at $2.99 EPS and Q2 2026 earnings at $0.89 EPS.

WAFD has been the subject of a number of other research reports. Stephens restated an “equal weight” rating and issued a $32.00 target price on shares of WaFd in a research report on Tuesday, April 23rd. DA Davidson reaffirmed a “buy” rating and issued a $35.00 price target on shares of WaFd in a research note on Thursday, April 11th. Piper Sandler boosted their target price on WaFd from $29.00 to $31.00 and gave the stock a “neutral” rating in a report on Monday, May 20th. Finally, StockNews.com downgraded WaFd from a “hold” rating to a “sell” rating in a report on Thursday, March 21st. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $33.25.

WaFd Trading Up 3.8 %

Shares of WaFd stock opened at $28.58 on Thursday. WaFd has a 1 year low of $23.36 and a 1 year high of $34.07. The firm has a market cap of $2.33 billion, a PE ratio of 10.87 and a beta of 0.85. The stock has a fifty day moving average price of $27.73 and a 200-day moving average price of $28.70. The company has a debt-to-equity ratio of 2.07, a current ratio of 1.17 and a quick ratio of 1.03.

WaFd (NASDAQ:WAFD) last issued its earnings results on Monday, April 22nd. The bank reported $0.73 earnings per share for the quarter, topping analysts’ consensus estimates of $0.31 by $0.42. The company had revenue of $171.99 million for the quarter, compared to analyst estimates of $170.74 million. WaFd had a return on equity of 10.02% and a net margin of 15.33%. WaFd’s revenue for the quarter was down 7.1% on a year-over-year basis. During the same period in the prior year, the firm earned $0.95 earnings per share.

Institutional Investors Weigh In On WaFd

Several large investors have recently bought and sold shares of WAFD. Deutsche Bank AG raised its stake in shares of WaFd by 13.3% in the third quarter. Deutsche Bank AG now owns 31,367 shares of the bank’s stock valued at $804,000 after acquiring an additional 3,686 shares in the last quarter. FMR LLC lifted its stake in WaFd by 2.0% in the 3rd quarter. FMR LLC now owns 120,314 shares of the bank’s stock valued at $3,082,000 after buying an additional 2,304 shares in the last quarter. Natixis Advisors L.P. purchased a new stake in WaFd in the 3rd quarter valued at approximately $322,000. Teza Capital Management LLC acquired a new position in WaFd in the 3rd quarter valued at $228,000. Finally, Caxton Associates LP increased its holdings in shares of WaFd by 99.3% during the 3rd quarter. Caxton Associates LP now owns 60,133 shares of the bank’s stock worth $1,541,000 after buying an additional 29,966 shares during the last quarter. 83.71% of the stock is currently owned by hedge funds and other institutional investors.

WaFd Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 7th. Shareholders of record on Friday, May 24th were paid a dividend of $0.26 per share. The ex-dividend date of this dividend was Thursday, May 23rd. This represents a $1.04 annualized dividend and a yield of 3.64%. 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.