WaFd, Inc (NASDAQ:WAFD) Shares Sold by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans reduced its stake in shares of WaFd, Inc (NASDAQ:WAFD) by 41.6% in the 3rd quarter, HoldingsChannel reports. The firm owned 67,820 shares of the bank’s stock after selling 48,318 shares during the quarter. Thrivent Financial for Lutherans’ holdings in WaFd were worth $2,364,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Louisiana State Employees Retirement System lifted its stake in shares of WaFd by 1.2% during the 2nd quarter. Louisiana State Employees Retirement System now owns 34,000 shares of the bank’s stock worth $972,000 after purchasing an additional 400 shares during the period. Blue Trust Inc. lifted its position in WaFd by 80.8% during the third quarter. Blue Trust Inc. now owns 1,188 shares of the bank’s stock worth $41,000 after buying an additional 531 shares during the period. Covestor Ltd boosted its stake in WaFd by 60.1% in the 3rd quarter. Covestor Ltd now owns 1,904 shares of the bank’s stock worth $66,000 after buying an additional 715 shares during the last quarter. KBC Group NV grew its holdings in WaFd by 35.1% in the 3rd quarter. KBC Group NV now owns 2,797 shares of the bank’s stock valued at $97,000 after buying an additional 726 shares during the period. Finally, California State Teachers Retirement System increased its stake in shares of WaFd by 1.2% during the 1st quarter. California State Teachers Retirement System now owns 69,092 shares of the bank’s stock valued at $2,006,000 after acquiring an additional 790 shares during the last quarter. Hedge funds and other institutional investors own 83.71% of the company’s stock.

Analyst Ratings Changes

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

WaFd Stock Performance

Shares of NASDAQ WAFD opened at $37.11 on Thursday. The stock has a market capitalization of $3.02 billion, a P/E ratio of 14.96 and a beta of 0.83. The firm’s 50-day moving average price is $35.38 and its two-hundred day moving average price is $32.81. WaFd, Inc has a 52-week low of $25.78 and a 52-week high of $38.62. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 1.21.

WaFd (NASDAQ:WAFD) last issued its quarterly earnings data 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 business had revenue of $389.98 million during the quarter, compared to the consensus estimate of $190.43 million. WaFd had a return on equity of 9.44% and a net margin of 13.97%. During the same period in the previous year, the firm posted $0.72 earnings per share. As a group, sell-side analysts forecast that WaFd, Inc will post 2.82 earnings per share for the current year.

WaFd Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Friday, November 22nd will be paid a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a yield of 2.80%. The ex-dividend date is Friday, November 22nd. WaFd’s dividend payout ratio is presently 41.94%.

Insider Buying and Selling

In other WaFd 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 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 2.25% of the stock is currently owned by insiders.

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.