WaFd, Inc. (NASDAQ:WAFD) Stock Has Consensus Price Target of $32.50 According to Brokerages

Shares of WaFd, Inc. (NASDAQ:WAFD) have received a consensus recommendation of “Hold” from the five brokerages that are covering the company, Marketbeat reports. Five analysts have rated the stock with a hold recommendation. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $32.50.

A number of research firms have weighed in on WAFD. Piper Sandler reduced their price target on WaFd from $32.00 to $31.00 and set a “neutral” rating for the company in a research report on Monday, October 19th. Weiss Ratings downgraded shares of WaFd from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, October 19th. DA Davidson set a $31.00 target price on WaFd in a report on Monday, October 19th. Keefe, Bruyette & Woods lowered their price target on WaFd from $40.00 to $34.00 and set a “market perform” rating on the stock in a research report on Monday, October 19th. Finally, Zacks Research cut WaFd from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 3rd.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in WAFD. Ieq Capital LLC increased its holdings in shares of WaFd by 30.5% in the third quarter. Ieq Capital LLC now owns 14,824 shares of the bank’s stock valued at $444,000 after purchasing an additional 3,465 shares during the last quarter. Public Sector Pension Investment Board boosted its holdings in shares of WaFd by 44.8% during the third quarter. Public Sector Pension Investment Board now owns 367,471 shares of the bank’s stock worth $10,811,000 after acquiring an additional 113,616 shares during the period. Edgestream Partners L.P. acquired a new position in shares of WaFd in the third quarter valued at approximately $899,000. Hantz Financial Services Inc. lifted its holdings in WaFd by 135.2% during the 3rd quarter. Hantz Financial Services Inc. now owns 5,412 shares of the bank’s stock worth $162,000 after purchasing an additional 3,111 shares during the last quarter. Finally, Royce & Associates LP acquired a new stake in WaFd during the 3rd quarter worth approximately $206,000. 83.71% of the stock is currently owned by institutional investors.

WaFd Stock Down 0.2%

Shares of WAFD stock opened at $29.37 on Friday. WaFd has a 12-month low of $28.10 and a 12-month high of $39.49. The company has a quick ratio of 0.92, a current ratio of 0.94 and a debt-to-equity ratio of 0.92. The firm has a fifty day moving average of $30.83 and a 200-day moving average of $33.82. The company has a market capitalization of $2.17 billion, a price-to-earnings ratio of 9.09 and a beta of 0.90.

WaFd (NASDAQ:WAFD) last announced its earnings results on Friday, October 16th. The bank reported $0.85 earnings per share for the quarter, topping analysts’ consensus estimates of $0.84 by $0.01. WaFd had a net margin of 18.04% and a return on equity of 9.37%. The firm had revenue of $220.44 million during the quarter, compared to analyst estimates of $203.66 million. As a group, equities research analysts predict that WaFd will post 3.30 earnings per share for the current fiscal year.

WaFd Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 4th. Investors of record on Friday, November 20th will be issued a dividend of $0.27 per share. The ex-dividend date is Friday, November 20th. This represents a $1.08 dividend on an annualized basis and a yield of 3.7%. WaFd’s dividend payout ratio (DPR) is presently 33.64%.

WaFd Company Profile

WaFd, Inc. is the bank holding company for WaFd Bank, a regional financial institution serving individuals, businesses and organizations. The bank offers deposit accounts, including checking and savings, as well as consumer and commercial lending, mortgage services and cash management. Its lending activities include residential mortgages and loans to businesses, including commercial real estate financing. WaFd Bank operates across the western United States, with a presence in states including Washington, Oregon, Idaho, Arizona, Nevada, Utah, New Mexico and Texas.