WaFd, Inc (NASDAQ:WAFD) Shares Sold by Hotchkis & Wiley Capital Management LLC

Hotchkis & Wiley Capital Management LLC cut its position in shares of WaFd, Inc (NASDAQ:WAFD) by 15.4% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 497,893 shares of the bank’s stock after selling 90,370 shares during the quarter. Hotchkis & Wiley Capital Management LLC owned 0.61% of WaFd worth $17,352,000 as of its most recent filing with the SEC.

A number of other institutional investors also 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. raised its position 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 acquiring an additional 305,942 shares during the last quarter. Victory Capital Management Inc. lifted its holdings in shares of WaFd by 113.4% in the second quarter. Victory Capital Management Inc. now owns 272,721 shares of the bank’s stock valued at $7,794,000 after purchasing an additional 144,920 shares in the last quarter. Principal Financial Group Inc. grew its position in shares of WaFd by 28.6% in the third quarter. Principal Financial Group Inc. now owns 428,504 shares of the bank’s stock valued at $14,933,000 after purchasing an additional 95,251 shares during the last quarter. Finally, Roubaix Capital LLC purchased a new position in shares of WaFd during the 3rd quarter worth approximately $3,281,000. 83.71% of the stock is currently owned by hedge funds and other institutional investors.

WaFd Stock Performance

WaFd stock opened at $35.83 on Wednesday. The stock has a fifty day moving average price of $35.48 and a 200 day moving average price of $33.06. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 1.21. WaFd, Inc has a 52 week low of $25.78 and a 52 week high of $38.62. The firm has a market capitalization of $2.91 billion, a P/E ratio of 14.45 and a beta of 0.84.

WaFd (NASDAQ:WAFD) last announced its quarterly earnings data on Thursday, October 17th. The bank reported $0.71 earnings per share for the quarter, topping the consensus estimate of $0.70 by $0.01. WaFd had a net margin of 13.97% and a return on equity of 9.44%. The business had revenue of $389.98 million for the quarter, compared to analyst estimates of $190.43 million. During the same period in the prior year, the firm posted $0.72 EPS. Equities research analysts anticipate that WaFd, Inc will post 2.82 earnings per share for the current year.

WaFd Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Friday, November 22nd will be issued a dividend of $0.26 per share. The ex-dividend date is Friday, November 22nd. This represents a $1.04 dividend on an annualized basis and a dividend yield of 2.90%. WaFd’s payout ratio is 41.94%.

Insider Transactions at WaFd

In other news, EVP Ryan Mauer sold 12,132 shares of the business’s stock in a transaction dated Monday, November 4th. The stock was sold at an average price of $33.33, for a total transaction of $404,359.56. Following the completion of the sale, the executive vice president now owns 100,376 shares in the company, valued at approximately $3,345,532.08. The trade was a 10.78 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 2.25% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on WAFD shares. Piper Sandler lowered their target price on WaFd from $36.00 to $35.00 and set a “neutral” rating on the stock in a report on Monday, October 21st. DA Davidson increased their price objective on WaFd from $39.00 to $41.00 and gave the company a “buy” rating in a research note on Monday, October 21st. StockNews.com raised shares of WaFd from a “sell” rating to a “hold” rating in a research note on Tuesday, November 12th. Finally, Keefe, Bruyette & Woods reaffirmed a “market perform” rating and set a $40.00 price target on shares of WaFd in a research note on Monday, October 21st. Four analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $38.00.

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.