Meeder Asset Management Inc. Lowers Stake in WaFd, Inc (NASDAQ:WAFD)

Meeder Asset Management Inc. decreased its position in shares of WaFd, Inc (NASDAQ:WAFD) by 68.8% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 12,643 shares of the bank’s stock after selling 27,923 shares during the period. Meeder Asset Management Inc.’s holdings in WaFd were worth $408,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of WAFD. Vanguard Group Inc. raised its holdings in WaFd by 1.8% in the 4th quarter. Vanguard Group Inc. now owns 9,420,004 shares of the bank’s stock valued at $303,701,000 after acquiring an additional 166,931 shares during the last quarter. State Street Corp lifted its position in WaFd by 5.2% during the third quarter. State Street Corp now owns 3,969,790 shares of the bank’s stock worth $138,347,000 after buying an additional 195,845 shares during the period. American Century Companies Inc. boosted its stake in WaFd by 15.3% in the 4th quarter. American Century Companies Inc. now owns 1,774,081 shares of the bank’s stock worth $57,196,000 after buying an additional 234,977 shares during the last quarter. Geode Capital Management LLC grew its holdings in WaFd by 10.0% in the 3rd quarter. Geode Capital Management LLC now owns 1,759,135 shares of the bank’s stock valued at $61,318,000 after buying an additional 159,750 shares during the period. Finally, Systematic Financial Management LP increased its stake in shares of WaFd by 21.5% during the 3rd quarter. Systematic Financial Management LP now owns 1,432,523 shares of the bank’s stock valued at $49,923,000 after acquiring an additional 253,044 shares during the last quarter. Institutional investors and hedge funds own 83.71% of the company’s stock.

Analyst Upgrades and Downgrades

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

WaFd Trading Up 1.0 %

NASDAQ:WAFD opened at $28.58 on Tuesday. The business’s 50-day moving average is $29.25 and its two-hundred day moving average is $32.72. The firm has a market capitalization of $2.33 billion, a PE ratio of 13.17 and a beta of 0.83. WaFd, Inc has a 12 month low of $25.79 and a 12 month high of $38.62. The company has a debt-to-equity ratio of 1.05, a current ratio of 1.04 and a quick ratio of 1.04.

WaFd Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 7th. Investors of record on Friday, February 21st were issued a dividend of $0.27 per share. This is an increase from WaFd’s previous quarterly dividend of $0.26. This represents a $1.08 annualized dividend and a dividend yield of 3.78%. The ex-dividend date was Friday, February 21st. WaFd’s dividend payout ratio (DPR) is presently 49.77%.

WaFd 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.