Empowered Funds LLC Purchases 10,850 Shares of WaFd, Inc (NASDAQ:WAFD)

Empowered Funds LLC increased its position in WaFd, Inc (NASDAQ:WAFD) by 5.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 223,191 shares of the bank’s stock after buying an additional 10,850 shares during the period. Empowered Funds LLC owned 0.27% of WaFd worth $7,196,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Blue Trust Inc. boosted 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 during the last quarter. McIlrath & Eck LLC raised its stake in WaFd by 112.7% during the third quarter. McIlrath & Eck LLC now owns 1,323 shares of the bank’s stock valued at $46,000 after purchasing an additional 701 shares in the last quarter. GAMMA Investing LLC raised its position in WaFd by 515.8% in the 3rd quarter. GAMMA Investing LLC now owns 1,558 shares of the bank’s stock worth $54,000 after purchasing an additional 1,305 shares during the period. Covestor Ltd raised its position 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 purchasing an additional 715 shares during the period. Finally, KBC Group NV lifted its stake in WaFd by 35.1% in the third quarter. KBC Group NV now owns 2,797 shares of the bank’s stock worth $97,000 after purchasing an additional 726 shares during the last quarter. 83.71% of the stock is owned by institutional investors.

WaFd Stock Performance

Shares of WaFd stock opened at $29.94 on Tuesday. The company has a current ratio of 1.04, a quick ratio of 1.08 and a debt-to-equity ratio of 1.05. The stock’s fifty day moving average price is $32.28 and its 200-day moving average price is $34.23. The firm has a market cap of $2.44 billion, a P/E ratio of 13.80 and a beta of 0.85. WaFd, Inc has a 12 month low of $25.78 and a 12 month high of $38.62.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on WAFD shares. Piper Sandler reduced their price target on WaFd from $37.00 to $31.00 and set a “neutral” rating on the stock in a report on Tuesday, January 21st. Stephens reiterated an “equal weight” rating and issued a $38.00 target price on shares of WaFd in a research note on Friday, January 17th. StockNews.com raised shares of WaFd from a “sell” rating to a “hold” rating in a research note on Tuesday, November 12th. DA Davidson downgraded shares of WaFd from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $35.00 to $32.00 in a research note on Thursday, February 6th. Finally, Keefe, Bruyette & Woods lowered their price objective on shares of WaFd from $42.00 to $34.00 and set a “market perform” rating for the company in a research report on Tuesday, January 21st. Five investment analysts have rated the stock with a hold rating, Based on data from MarketBeat, WaFd presently has an average rating of “Hold” and an average price target 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.