WaFd, Inc (NASDAQ:WAFD) EVP Sells $404,359.56 in Stock

WaFd, Inc (NASDAQ:WAFD) EVP Ryan Mauer sold 12,132 shares of the business’s stock in a transaction that occurred on Monday, November 4th. The stock was 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 of the company’s stock, valued at approximately $3,345,532.08. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

WaFd Stock Up 1.8 %

Shares of WaFd stock traded up $0.59 on Tuesday, hitting $34.01. 267,576 shares of the company’s stock traded hands, compared to its average volume of 445,560. The company has a quick ratio of 1.09, a current ratio of 1.08 and a debt-to-equity ratio of 1.21. The firm’s 50-day moving average is $35.14 and its 200 day moving average is $31.85. The stock has a market cap of $2.76 billion, a P/E ratio of 13.69 and a beta of 0.83. WaFd, Inc has a 52-week low of $24.66 and a 52-week high of $37.49.

WaFd (NASDAQ:WAFD) last released its earnings results on Thursday, October 17th. The bank reported $0.71 EPS for the quarter, topping analysts’ consensus estimates of $0.70 by $0.01. WaFd had a return on equity of 9.44% and a net margin of 13.97%. The company had revenue of $389.98 million for the quarter, compared to the consensus estimate of $190.43 million. During the same quarter last year, the business posted $0.72 EPS. Equities analysts anticipate that WaFd, Inc will post 2.99 earnings per share for the current year.

WaFd Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, September 6th. Shareholders of record on Friday, August 23rd were issued a $0.26 dividend. The ex-dividend date of this dividend was Friday, August 23rd. This represents a $1.04 dividend on an annualized basis and a yield of 3.06%. WaFd’s dividend payout ratio is currently 41.94%.

Analyst Ratings Changes

WAFD has been the topic of several research reports. Piper Sandler cut their price objective on WaFd from $36.00 to $35.00 and set a “neutral” rating on the stock in a research report on Monday, October 21st. Stephens boosted their price target on WaFd from $32.00 to $36.00 and gave the stock an “equal weight” rating in a research report on Thursday, July 18th. Keefe, Bruyette & Woods reiterated a “market perform” rating and set a $40.00 price objective on shares of WaFd in a research note on Monday, October 21st. DA Davidson upped their target price on shares of WaFd from $39.00 to $41.00 and gave the company a “buy” rating in a research note on Monday, October 21st. Finally, StockNews.com downgraded 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, three have assigned a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $38.00.

Hedge Funds Weigh In On WaFd

Several institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. boosted its position in WaFd by 1.6% during the 1st quarter. Vanguard Group Inc. now owns 7,902,461 shares of the bank’s stock valued at $229,408,000 after purchasing an additional 125,020 shares during the period. American Century Companies Inc. boosted its holdings in shares of WaFd by 31.6% during the second quarter. American Century Companies Inc. now owns 1,274,665 shares of the bank’s stock valued at $36,430,000 after acquiring an additional 305,942 shares during the period. Bank of New York Mellon Corp grew its position in shares of WaFd by 1.3% during the second quarter. Bank of New York Mellon Corp now owns 728,619 shares of the bank’s stock worth $20,824,000 after acquiring an additional 9,262 shares during the last quarter. Clearbridge Investments LLC increased its holdings in shares of WaFd by 2.2% in the 1st quarter. Clearbridge Investments LLC now owns 606,140 shares of the bank’s stock worth $17,596,000 after acquiring an additional 12,910 shares during the period. Finally, Assenagon Asset Management S.A. bought a new stake in WaFd in the 3rd quarter valued at about $18,583,000. 83.71% of the stock is owned by institutional investors.

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.