WaFd (NASDAQ:WAFD) Downgraded by StockNews.com to Sell

WaFd (NASDAQ:WAFD) was downgraded by StockNews.com from a “hold” rating to a “sell” rating in a research report issued on Friday.

Other equities analysts also recently issued reports about the company. Stephens reaffirmed an “equal weight” rating and issued a $38.00 price target on shares of WaFd in a report on Friday, January 17th. Keefe, Bruyette & Woods dropped their target price on shares of WaFd from $42.00 to $34.00 and set a “market perform” rating on the stock in a research report on Tuesday, January 21st. Piper Sandler reduced their price target on shares of WaFd from $37.00 to $31.00 and set a “neutral” rating for the company in a research report on Tuesday, January 21st. Finally, DA Davidson lowered WaFd from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $35.00 to $32.00 in a report on Thursday, February 6th. One investment analyst has rated the stock with a sell rating and four have given a hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $33.75.

WaFd Stock Down 5.0 %

Shares of NASDAQ:WAFD traded down $1.34 on Friday, hitting $25.24. 818,016 shares of the company’s stock were exchanged, compared to its average volume of 505,422. WaFd has a 1-year low of $24.55 and a 1-year high of $38.62. The company has a market capitalization of $2.06 billion, a PE ratio of 11.63 and a beta of 0.83. The company has a debt-to-equity ratio of 1.05, a quick ratio of 1.04 and a current ratio of 1.04. The firm’s 50-day moving average is $29.06 and its 200 day moving average is $32.52.

Institutional Investors Weigh In On WaFd

Several hedge funds have recently made changes to their positions in the business. Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in WaFd during the 4th quarter valued at approximately $2,163,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of WaFd by 42.8% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 225,602 shares of the bank’s stock valued at $7,273,000 after purchasing an additional 67,640 shares during the period. Systematic Financial Management LP raised its stake in shares of WaFd by 5.2% during the fourth quarter. Systematic Financial Management LP now owns 1,506,368 shares of the bank’s stock worth $48,565,000 after purchasing an additional 73,845 shares during the last quarter. Rafferty Asset Management LLC raised its stake in shares of WaFd by 18.7% during the fourth quarter. Rafferty Asset Management LLC now owns 107,324 shares of the bank’s stock worth $3,460,000 after purchasing an additional 16,942 shares during the last quarter. Finally, Millennium Management LLC acquired a new stake in shares of WaFd during the fourth quarter worth $950,000. Institutional investors and hedge funds own 83.71% of the company’s stock.

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.