WaFd, Inc (NASDAQ:WAFD) Shares Acquired by Pathstone Holdings LLC

Pathstone Holdings LLC lifted its position in shares of WaFd, Inc (NASDAQ:WAFD) by 48.8% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 50,431 shares of the bank’s stock after acquiring an additional 16,539 shares during the quarter. Pathstone Holdings LLC’s holdings in WaFd were worth $1,758,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Blue Trust Inc. raised its position in shares of WaFd by 80.8% during the 3rd quarter. Blue Trust Inc. now owns 1,188 shares of the bank’s stock valued at $41,000 after acquiring an additional 531 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its position in shares of WaFd by 100.0% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,644 shares of the bank’s stock valued at $47,000 after acquiring an additional 822 shares in the last quarter. GAMMA Investing LLC raised its position in shares of WaFd by 515.8% during the 3rd quarter. GAMMA Investing LLC now owns 1,558 shares of the bank’s stock valued at $54,000 after acquiring an additional 1,305 shares in the last quarter. Covestor Ltd raised its position in shares of WaFd by 60.1% during the 3rd 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. Finally, nVerses Capital LLC acquired a new stake in shares of WaFd during the 2nd quarter valued at approximately $80,000. 83.71% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. StockNews.com upgraded WaFd from a “sell” rating to a “hold” rating in a research note on Tuesday, November 12th. Keefe, Bruyette & Woods restated 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 upped their price objective on WaFd from $39.00 to $41.00 and gave the stock a “buy” rating in a research note on Monday, October 21st. Finally, Piper Sandler lowered their price objective on WaFd from $36.00 to $35.00 and set a “neutral” rating for the company 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 has an average rating of “Hold” and a consensus price target of $38.00.

WaFd Trading Down 0.2 %

Shares of NASDAQ WAFD opened at $37.11 on Thursday. WaFd, Inc has a 12 month low of $25.78 and a 12 month high of $38.62. The company has a market cap of $3.02 billion, a price-to-earnings ratio of 14.96 and a beta of 0.83. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 1.21. The business has a fifty day simple moving average of $35.38 and a 200-day simple moving average of $32.81.

WaFd (NASDAQ:WAFD) last announced its earnings results on Thursday, October 17th. The bank reported $0.71 EPS for the quarter, beating 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 prior year, the business posted $0.72 earnings per share. Sell-side analysts predict that WaFd, Inc will post 2.82 EPS for the current year.

WaFd Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Friday, November 22nd will be paid a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 2.80%. The ex-dividend date of this dividend is Friday, November 22nd. WaFd’s dividend payout ratio (DPR) is presently 41.94%.

Insider Transactions at WaFd

In other news, EVP Ryan Mauer sold 12,132 shares of the 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 transaction, the executive vice president now owns 100,376 shares of the company’s stock, valued at approximately $3,345,532.08. This represents a 10.78 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 2.25% of the company’s stock.

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.