Oliver Luxxe Assets LLC Purchases New Position in WaFd, Inc (NASDAQ:WAFD)

Oliver Luxxe Assets LLC bought a new position in shares of WaFd, Inc (NASDAQ:WAFD) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 52,311 shares of the bank’s stock, valued at approximately $1,823,000. Oliver Luxxe Assets LLC owned approximately 0.06% of WaFd as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of WAFD. American Century Companies Inc. lifted its position in shares of WaFd by 31.6% during the 2nd quarter. American Century Companies Inc. now owns 1,274,665 shares of the bank’s stock worth $36,430,000 after buying an additional 305,942 shares in the last quarter. Victory Capital Management Inc. increased its stake in shares of WaFd by 113.4% during the 2nd quarter. Victory Capital Management Inc. now owns 272,721 shares of the bank’s stock worth $7,794,000 after purchasing an additional 144,920 shares during the last quarter. Foundry Partners LLC increased its stake in shares of WaFd by 113.8% during the 1st quarter. Foundry Partners LLC now owns 261,656 shares of the bank’s stock worth $7,596,000 after purchasing an additional 139,244 shares during the last quarter. Vanguard Group Inc. grew its stake in WaFd by 1.6% in the 1st 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. Finally, Edgestream Partners L.P. grew its stake in WaFd by 353.2% in the 1st quarter. Edgestream Partners L.P. now owns 102,577 shares of the bank’s stock valued at $2,978,000 after buying an additional 79,942 shares in the last quarter. Institutional investors own 83.71% of the company’s stock.

WaFd Stock Up 3.4 %

WAFD opened at $35.77 on Monday. The company has a fifty day moving average price of $34.94 and a 200-day moving average price of $31.03. The firm has a market capitalization of $2.91 billion, a P/E ratio of 14.37 and a beta of 0.83. The company has a debt-to-equity ratio of 1.52, a current ratio of 1.11 and a quick ratio of 1.09. WaFd, Inc has a one year low of $23.36 and a one year high of $37.49.

WaFd (NASDAQ:WAFD) last released its quarterly earnings results on Tuesday, July 16th. The bank reported $0.75 EPS for the quarter, beating analysts’ consensus estimates of $0.57 by $0.18. The firm had revenue of $194.44 million during the quarter, compared to analyst estimates of $185.36 million. WaFd had a net margin of 14.13% and a return on equity of 9.58%. The business’s revenue for the quarter was up 6.6% on a year-over-year basis. During the same period in the previous year, the business earned $0.89 EPS. Equities research analysts expect that WaFd, Inc will post 3 earnings per share for the current fiscal year.

WaFd Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, September 6th. Stockholders of record on Friday, August 23rd were given a dividend of $0.26 per share. The ex-dividend date was Friday, August 23rd. This represents a $1.04 dividend on an annualized basis and a dividend yield of 2.91%. WaFd’s dividend payout ratio (DPR) is currently 41.77%.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the stock. Stephens lifted their price objective on shares of WaFd from $32.00 to $36.00 and gave the company an “equal weight” rating in a research note on Thursday, July 18th. StockNews.com lowered shares of WaFd from a “hold” rating to a “sell” rating in a research note on Thursday, October 3rd. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, WaFd currently has a consensus rating of “Hold” and a consensus target price of $34.25.

WaFd 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.