Brokerages Set WaFd, Inc. (NASDAQ:WAFD) PT at $37.00

Shares of WaFd, Inc. (NASDAQ:WAFD) have received a consensus rating of “Hold” from the five research firms that are currently covering the firm, Marketbeat reports. Four analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $37.00.

WAFD has been the topic of a number of recent analyst reports. Zacks Research lowered shares of WaFd from a “strong-buy” rating to a “hold” rating in a report on Monday, June 22nd. DA Davidson raised their price objective on WaFd from $38.00 to $40.00 and gave the company a “neutral” rating in a research note on Monday, July 20th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of WaFd in a research report on Wednesday, August 19th.

Institutional Investors Weigh In On WaFd

Institutional investors have recently modified their holdings of the stock. Assetmark Inc. grew its stake in WaFd by 3,620.0% in the first quarter. Assetmark Inc. now owns 930 shares of the bank’s stock worth $29,000 after purchasing an additional 905 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its position in shares of WaFd by 42.8% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,174 shares of the bank’s stock worth $34,000 after acquiring an additional 352 shares in the last quarter. McIlrath & Eck LLC increased its holdings in shares of WaFd by 57.6% in the 2nd quarter. McIlrath & Eck LLC now owns 1,327 shares of the bank’s stock valued at $39,000 after acquiring an additional 485 shares during the last quarter. Danske Bank A S bought a new position in WaFd during the third quarter worth $51,000. Finally, Nykredit A S acquired a new position in WaFd in the second quarter worth $52,000. Institutional investors and hedge funds own 83.71% of the company’s stock.

WaFd Price Performance

Shares of WaFd stock opened at $36.09 on Monday. WaFd has a twelve month low of $26.31 and a twelve month high of $39.49. The stock has a market cap of $2.67 billion, a price-to-earnings ratio of 11.38 and a beta of 0.84. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 1.20. The company has a fifty day moving average price of $37.40 and a 200 day moving average price of $34.97.

WaFd (NASDAQ:WAFD) last posted its earnings results on Friday, July 17th. The bank reported $0.81 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.82 by ($0.01). WaFd had a net margin of 18.47% and a return on equity of 8.98%. The company had revenue of $205.52 million during the quarter, compared to analyst estimates of $199.56 million. Equities research analysts forecast that WaFd will post 3.21 earnings per share for the current fiscal year.

WaFd Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 4th. Shareholders of record on Friday, August 21st will be paid a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date is Friday, August 21st. WaFd’s dividend payout ratio is 34.07%.

About WaFd

Washington Federal, Inc, doing business as WaFd Bank, is a publicly traded bank holding company headquartered in Seattle, Washington. Through its subsidiary, WaFd Bank, the company provides a range of banking and financial services to individuals, small-to-medium enterprises, and commercial clients. Established in 1917 as Ballard Savings & Loan in Seattle, the institution expanded over decades to serve customers across the Western United States under the Washington Federal name and has operated as a public company since the early 1980s.

WaFd Bank’s core offerings encompass deposit accounts such as checking, savings, money market, and certificates of deposit, alongside consumer and commercial lending products.