D.A. Davidson & CO. Sells 466 Shares of WaFd, Inc (NASDAQ:WAFD)

D.A. Davidson & CO. lowered its stake in WaFd, Inc (NASDAQ:WAFD) by 1.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 40,934 shares of the bank’s stock after selling 466 shares during the quarter. D.A. Davidson & CO. owned approximately 0.05% of WaFd worth $1,320,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Blue Trust Inc. lifted its holdings in shares of WaFd by 80.8% in the third quarter. Blue Trust Inc. now owns 1,188 shares of the bank’s stock worth $41,000 after acquiring an additional 531 shares during the last quarter. McIlrath & Eck LLC lifted its holdings in shares of WaFd by 112.7% in the third quarter. McIlrath & Eck LLC now owns 1,323 shares of the bank’s stock worth $46,000 after acquiring an additional 701 shares during the last quarter. Covestor Ltd lifted its holdings in shares of WaFd by 60.1% in the third quarter. Covestor Ltd now owns 1,904 shares of the bank’s stock worth $66,000 after acquiring an additional 715 shares during the last quarter. KBC Group NV lifted its holdings in shares of WaFd by 35.1% in the third quarter. KBC Group NV now owns 2,797 shares of the bank’s stock worth $97,000 after acquiring an additional 726 shares during the last quarter. Finally, HighTower Advisors LLC bought a new position in shares of WaFd in the third quarter worth about $237,000. Institutional investors own 83.71% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently issued reports on WAFD shares. StockNews.com raised WaFd from a “sell” rating to a “hold” rating in a research note on Tuesday, November 12th. Stephens reaffirmed an “equal weight” rating and issued a $38.00 price objective on shares of WaFd in a research note on Friday, January 17th. Keefe, Bruyette & Woods lowered their price objective on WaFd from $42.00 to $34.00 and set a “market perform” rating for the company in a research note on Tuesday, January 21st. DA Davidson downgraded WaFd from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $35.00 to $32.00 in a research note on Thursday, February 6th. Finally, Piper Sandler lowered their price objective on WaFd from $37.00 to $31.00 and set a “neutral” rating for the company in a research note on Tuesday, January 21st. Five analysts have rated the stock with a hold rating, According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $33.75.

WaFd Stock Performance

NASDAQ:WAFD opened at $29.26 on Friday. The company has a market capitalization of $2.39 billion, a PE ratio of 13.48 and a beta of 0.85. The company has a 50 day simple moving average of $31.09 and a two-hundred day simple moving average of $33.92. The company has a debt-to-equity ratio of 1.05, a quick ratio of 1.04 and a current ratio of 1.04. WaFd, Inc has a fifty-two week low of $25.78 and a fifty-two week high of $38.62.

WaFd Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 7th. Shareholders of record on Friday, February 21st will be given a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 3.69%. The ex-dividend date of this dividend is Friday, February 21st. This is an increase from WaFd’s previous quarterly dividend of $0.26. WaFd’s dividend payout ratio is currently 49.77%.

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.