WaFd, Inc (NASDAQ:WAFD) Shares Sold by Dana Investment Advisors Inc.

Dana Investment Advisors Inc. lessened its holdings in shares of WaFd, Inc (NASDAQ:WAFD) by 5.4% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 165,103 shares of the bank’s stock after selling 9,515 shares during the quarter. Dana Investment Advisors Inc. owned about 0.20% of WaFd worth $5,323,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Amalgamated Bank lifted its holdings in WaFd by 13.7% during the 3rd quarter. Amalgamated Bank now owns 23,493 shares of the bank’s stock worth $819,000 after buying an additional 2,834 shares in the last quarter. Principal Financial Group Inc. increased its position in shares of WaFd by 28.6% during the third quarter. Principal Financial Group Inc. now owns 428,504 shares of the bank’s stock worth $14,933,000 after acquiring an additional 95,251 shares during the period. Covestor Ltd raised its stake in shares of WaFd by 60.1% in the third quarter. Covestor Ltd now owns 1,904 shares of the bank’s stock valued at $66,000 after acquiring an additional 715 shares in the last quarter. KBC Group NV boosted its holdings in WaFd by 35.1% in the third quarter. KBC Group NV now owns 2,797 shares of the bank’s stock valued at $97,000 after purchasing an additional 726 shares during the period. Finally, CIBC Asset Management Inc acquired a new position in WaFd during the 3rd quarter worth $247,000. Hedge funds and other institutional investors own 83.71% of the company’s stock.

WaFd Price Performance

WAFD stock opened at $28.76 on Friday. The stock has a market cap of $2.35 billion, a price-to-earnings ratio of 13.25 and a beta of 0.85. WaFd, Inc has a fifty-two week low of $25.78 and a fifty-two week high of $38.62. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 1.05. The business has a 50 day moving average price of $30.39 and a 200 day moving average price of $33.65.

WaFd Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 7th. Stockholders of record on Friday, February 21st will be issued a $0.27 dividend. This is a boost from WaFd’s previous quarterly dividend of $0.26. The ex-dividend date of this dividend is Friday, February 21st. This represents a $1.08 annualized dividend and a dividend yield of 3.76%. WaFd’s dividend payout ratio is presently 49.77%.

Wall Street Analysts Forecast Growth

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

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.