WaFd, Inc (NASDAQ:WAFD) EVP Sells $404,359.56 in Stock

WaFd, Inc (NASDAQ:WAFD) EVP Ryan Mauer sold 12,132 shares of WaFd stock in a transaction on Monday, November 4th. The shares were sold at an average price of $33.33, for a total transaction of $404,359.56. Following the completion of the transaction, the executive vice president now directly owns 100,376 shares in the company, valued at $3,345,532.08. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

WaFd Trading Up 1.8 %

Shares of WaFd stock opened at $34.01 on Wednesday. The company has a quick ratio of 1.09, a current ratio of 1.08 and a debt-to-equity ratio of 1.21. The firm has a market cap of $2.76 billion, a price-to-earnings ratio of 13.71 and a beta of 0.83. WaFd, Inc has a 52-week low of $24.66 and a 52-week high of $37.49. The company’s 50-day simple moving average is $35.09 and its 200-day simple moving average is $31.89.

WaFd (NASDAQ:WAFD) last released its earnings results on Thursday, October 17th. The bank reported $0.71 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.70 by $0.01. The company had revenue of $389.98 million for the quarter, compared to analysts’ expectations of $190.43 million. WaFd had a return on equity of 9.44% and a net margin of 13.97%. During the same quarter in the previous year, the firm posted $0.72 EPS. As a group, equities research analysts anticipate that WaFd, Inc will post 2.99 earnings per share for the current year.

WaFd Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 6th. Shareholders of record on Friday, August 23rd were given a $0.26 dividend. This represents a $1.04 annualized dividend and a yield of 3.06%. The ex-dividend date of this dividend was Friday, August 23rd. WaFd’s payout ratio is 41.94%.

Institutional Investors Weigh In On WaFd

A number of hedge funds and other institutional investors have recently bought and sold shares of WAFD. Assenagon Asset Management S.A. acquired a new position in shares of WaFd during the 3rd quarter worth $18,583,000. American Century Companies Inc. boosted its holdings in WaFd by 31.6% during the second quarter. American Century Companies Inc. now owns 1,274,665 shares of the bank’s stock worth $36,430,000 after buying an additional 305,942 shares in the last quarter. Victory Capital Management Inc. grew its position in WaFd by 113.4% during the second quarter. Victory Capital Management Inc. now owns 272,721 shares of the bank’s stock worth $7,794,000 after buying an additional 144,920 shares during the period. Foundry Partners LLC increased its holdings in WaFd by 113.8% in the first quarter. Foundry Partners LLC now owns 261,656 shares of the bank’s stock valued at $7,596,000 after buying an additional 139,244 shares in the last quarter. Finally, Vanguard Group Inc. increased its holdings in WaFd by 1.6% in the first quarter. Vanguard Group Inc. now owns 7,902,461 shares of the bank’s stock valued at $229,408,000 after buying an additional 125,020 shares in the last quarter. Institutional investors and hedge funds own 83.71% of the company’s stock.

Wall Street Analysts Forecast Growth

WAFD has been the topic of several research reports. Stephens raised their price objective on shares of WaFd from $32.00 to $36.00 and gave the stock an “equal weight” rating in a research report on Thursday, July 18th. Piper Sandler lowered their price target on WaFd from $36.00 to $35.00 and set a “neutral” rating on the stock in a report on Monday, October 21st. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and set a $40.00 price objective on shares of WaFd in a research note on Monday, October 21st. DA Davidson increased their price objective on WaFd from $39.00 to $41.00 and gave the stock a “buy” rating in a research report on Monday, October 21st. Finally, StockNews.com lowered WaFd from a “hold” rating to a “sell” rating in a report on Thursday, October 3rd. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, WaFd currently has an average rating of “Hold” and an average price target of $38.00.

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.