WaFd, Inc Expected to Earn FY2025 Earnings of $3.20 Per Share (NASDAQ:WAFD)

WaFd, Inc (NASDAQ:WAFD) – Equities researchers at DA Davidson lowered their FY2025 EPS estimates for WaFd in a research note issued to investors on Wednesday, April 24th. DA Davidson analyst J. Rulis now forecasts that the bank will earn $3.20 per share for the year, down from their prior estimate of $3.65. DA Davidson currently has a “Buy” rating and a $35.00 target price on the stock. The consensus estimate for WaFd’s current full-year earnings is $2.58 per share.

WAFD has been the topic of a number of other reports. StockNews.com cut shares of WaFd from a “hold” rating to a “sell” rating in a research report on Thursday, March 21st. Keefe, Bruyette & Woods dropped their price objective on shares of WaFd from $37.00 to $35.00 and set an “outperform” rating for the company in a research note on Thursday, January 18th. Finally, Stephens reaffirmed an “equal weight” rating and set a $32.00 price target on shares of WaFd in a research note on Tuesday.

WaFd Price Performance

NASDAQ:WAFD traded up $0.24 during mid-day trading on Friday, hitting $28.16. The company’s stock had a trading volume of 13,915 shares, compared to its average volume of 363,969. The company has a market capitalization of $1.82 billion, a price-to-earnings ratio of 10.62 and a beta of 0.85. The stock has a fifty day moving average of $27.76 and a 200-day moving average of $28.32. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 1.80. WaFd has a fifty-two week low of $23.36 and a fifty-two week high of $34.07.

Institutional Trading of WaFd

Several institutional investors and hedge funds have recently bought and sold shares of WAFD. Norges Bank bought a new stake in WaFd in the 4th quarter worth approximately $15,363,000. Hsbc Holdings PLC purchased a new stake in WaFd in the 4th quarter worth $9,270,000. Fuller & Thaler Asset Management Inc. increased its holdings in shares of WaFd by 9.6% in the 3rd quarter. Fuller & Thaler Asset Management Inc. now owns 2,201,972 shares of the bank’s stock worth $56,415,000 after buying an additional 192,061 shares during the last quarter. Panagora Asset Management Inc. bought a new stake in shares of WaFd in the 3rd quarter worth about $3,732,000. Finally, Dimensional Fund Advisors LP grew its holdings in WaFd by 2.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 5,261,777 shares of the bank’s stock valued at $173,430,000 after purchasing an additional 123,575 shares during the last quarter. 83.71% of the stock is currently owned by hedge funds and other institutional investors.

WaFd Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 8th. Investors of record on Friday, February 23rd were paid a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a yield of 3.69%. The ex-dividend date of this dividend was Thursday, February 22nd. This is a boost from WaFd’s previous quarterly dividend of $0.25. WaFd’s dividend payout ratio is currently 39.54%.

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.