WaFd (NASDAQ:WAFD) Issues Earnings Results, Beats Estimates By $0.01 EPS

WaFd (NASDAQ:WAFD) posted its quarterly earnings results on Thursday. The bank reported $0.71 EPS for the quarter, topping analysts’ consensus estimates of $0.70 by $0.01, Briefing.com reports. WaFd had a return on equity of 9.65% and a net margin of 13.97%. The company had revenue of $389.98 million for the quarter, compared to analysts’ expectations of $190.43 million. During the same period in the previous year, the firm earned $0.72 EPS.

WaFd Stock Performance

NASDAQ WAFD opened at $36.17 on Friday. The company has a market cap of $2.94 billion, a P/E ratio of 14.58 and a beta of 0.83. The company has a debt-to-equity ratio of 1.52, a quick ratio of 1.09 and a current ratio of 1.11. The business’s 50 day moving average price is $35.28 and its 200-day moving average price is $31.30. WaFd has a fifty-two week low of $23.36 and a fifty-two week high of $37.49.

WaFd Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 6th. Stockholders of record on Friday, August 23rd were issued a dividend of $0.26 per share. The ex-dividend date of this dividend was Friday, August 23rd. This represents a $1.04 annualized dividend and a dividend yield of 2.88%. WaFd’s dividend payout ratio (DPR) is 41.94%.

Wall Street Analysts Forecast Growth

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

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.