WaFd (NASDAQ:WAFD) Receives “Market Perform” Rating from Keefe, Bruyette & Woods

WaFd (NASDAQ:WAFD)‘s stock had its “market perform” rating reissued by Keefe, Bruyette & Woods in a report issued on Monday, Benzinga reports. They currently have a $40.00 price target on the bank’s stock. Keefe, Bruyette & Woods’ target price indicates a potential upside of 10.59% from the stock’s current price.

Other equities analysts have also issued research reports about the company. StockNews.com lowered WaFd from a “hold” rating to a “sell” rating in a report on Thursday, October 3rd. Stephens increased their target price on shares of WaFd from $32.00 to $36.00 and gave the stock an “equal weight” rating in a research note on Thursday, July 18th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, WaFd has an average rating of “Hold” and an average target price of $35.50.

WaFd Price Performance

WaFd stock opened at $36.17 on Monday. The firm has a market cap of $2.94 billion, a PE ratio of 14.58 and a beta of 0.83. The company’s 50 day moving average is $35.28 and its two-hundred day moving average is $31.32. WaFd has a 52-week low of $23.36 and a 52-week high of $37.49. The company has a quick ratio of 1.09, a current ratio of 1.11 and a debt-to-equity ratio of 1.52.

WaFd (NASDAQ:WAFD) last announced its quarterly earnings data on Thursday, October 17th. The bank reported $0.71 earnings per share 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 analyst estimates of $190.43 million. WaFd had a net margin of 13.97% and a return on equity of 9.65%. During the same period last year, the business earned $0.72 EPS. On average, research analysts expect that WaFd will post 3.06 EPS for the current fiscal year.

Institutional Trading of WaFd

A number of institutional investors have recently added to or reduced their stakes in WAFD. Blue Trust Inc. grew its holdings in WaFd by 80.8% in the third quarter. Blue Trust Inc. now owns 1,188 shares of the bank’s stock valued at $41,000 after purchasing an additional 531 shares during the last quarter. Oliver Luxxe Assets LLC purchased a new position in shares of WaFd in the 3rd quarter worth $1,823,000. GAMMA Investing LLC increased its position in WaFd by 515.8% during the 3rd quarter. GAMMA Investing LLC now owns 1,558 shares of the bank’s stock worth $54,000 after purchasing an additional 1,305 shares in the last quarter. SG Americas Securities LLC acquired a new stake in shares of WaFd in the third quarter worth $194,000. Finally, Sanctuary Advisors LLC purchased a new position in WaFd in the second quarter valued at about $252,000. Hedge funds and other institutional investors own 83.71% of the company’s stock.

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.