WaFd (NASDAQ:WAFD) Given New $34.00 Price Target at Keefe, Bruyette & Woods

WaFd (NASDAQ:WAFD) had its target price reduced by Keefe, Bruyette & Woods from $42.00 to $34.00 in a report issued on Tuesday,Benzinga reports. They currently have a market perform rating on the bank’s stock.

A number of other equities analysts have also weighed in on WAFD. DA Davidson boosted their price objective on shares of WaFd from $39.00 to $41.00 and gave the stock a “buy” rating in a report on Monday, October 21st. StockNews.com upgraded WaFd from a “sell” rating to a “hold” rating in a research note on Tuesday, November 12th. Stephens reaffirmed an “equal weight” rating and set a $38.00 price objective on shares of WaFd in a research report on Friday, January 17th. Finally, Piper Sandler reduced their price objective on WaFd from $36.00 to $35.00 and set a “neutral” rating for the company in a report on Monday, October 21st. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $36.00.

WaFd Stock Up 0.9 %

NASDAQ:WAFD opened at $29.43 on Tuesday. The company has a debt-to-equity ratio of 1.21, a quick ratio of 1.08 and a current ratio of 1.08. The firm has a market cap of $2.39 billion, a P/E ratio of 13.56 and a beta of 0.87. WaFd has a fifty-two week low of $25.78 and a fifty-two week high of $38.62. The firm has a 50-day simple moving average of $33.92 and a two-hundred day simple moving average of $34.41.

WaFd Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, December 6th. Stockholders of record on Friday, November 22nd were paid a $0.26 dividend. The ex-dividend date was Friday, November 22nd. This represents a $1.04 dividend on an annualized basis and a dividend yield of 3.53%. WaFd’s dividend payout ratio (DPR) is currently 47.93%.

Insider Buying and Selling

In other WaFd news, EVP Ryan Mauer sold 12,132 shares of the firm’s stock in a transaction dated Monday, November 4th. The stock was sold at an average price of $33.33, for a total value of $404,359.56. Following the transaction, the executive vice president now directly owns 100,376 shares of the company’s stock, valued at approximately $3,345,532.08. This trade represents a 10.78 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 1.46% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On WaFd

Hedge funds and other institutional investors have recently made changes to their positions in the business. Envestnet Asset Management Inc. increased its holdings in WaFd by 8.0% during the second quarter. Envestnet Asset Management Inc. now owns 125,241 shares of the bank’s stock valued at $3,579,000 after buying an additional 9,295 shares during the last quarter. Renaissance Technologies LLC grew its position in shares of WaFd by 24.1% during the 2nd quarter. Renaissance Technologies LLC now owns 139,530 shares of the bank’s stock valued at $3,988,000 after acquiring an additional 27,100 shares during the period. Hsbc Holdings PLC increased its stake in shares of WaFd by 282.6% in the 2nd quarter. Hsbc Holdings PLC now owns 36,079 shares of the bank’s stock worth $1,019,000 after purchasing an additional 26,648 shares in the last quarter. Profund Advisors LLC bought a new position in WaFd in the 2nd quarter worth $205,000. Finally, Public Sector Pension Investment Board lifted its position in WaFd by 6.8% during the second quarter. Public Sector Pension Investment Board now owns 148,684 shares of the bank’s stock valued at $4,249,000 after purchasing an additional 9,446 shares in the last quarter. Hedge funds and other institutional investors own 83.71% of the company’s stock.

About WaFd

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.