WaFd (NASDAQ:WAFD) Issues Quarterly Earnings Results

WaFd (NASDAQ:WAFD) issued its earnings results on Friday. The bank reported $0.65 earnings per share for the quarter, topping analysts’ consensus estimates of $0.60 by $0.05, Zacks reports. WaFd had a net margin of 12.66% and a return on equity of 8.78%.

WaFd Stock Performance

Shares of WAFD traded up $0.06 during trading hours on Friday, reaching $24.54. 546,870 shares of the company’s stock traded hands, compared to its average volume of 513,905. WaFd has a twelve month low of $23.75 and a twelve month high of $38.62. The business’s fifty day simple moving average is $28.53 and its two-hundred day simple moving average is $32.09. The company has a debt-to-equity ratio of 1.05, a current ratio of 1.04 and a quick ratio of 1.04. The firm has a market capitalization of $2.00 billion, a price-to-earnings ratio of 11.31 and a beta of 0.79.

WaFd Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 7th. Shareholders of record on Friday, February 21st were paid a dividend of $0.27 per share. The ex-dividend date of this dividend was Friday, February 21st. This represents a $1.08 annualized dividend and a yield of 4.40%. This is an increase from WaFd’s previous quarterly dividend of $0.26. WaFd’s payout ratio is presently 49.77%.

Wall Street Analyst Weigh In

WAFD has been the topic of several research reports. Keefe, Bruyette & Woods dropped their price objective on shares of WaFd from $42.00 to $34.00 and set a “market perform” rating on the stock in a research note on Tuesday, January 21st. DA Davidson cut WaFd from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $35.00 to $32.00 in a research report on Thursday, February 6th. Stephens restated an “equal weight” rating and set a $38.00 price objective on shares of WaFd in a research note on Friday, January 17th. StockNews.com cut WaFd from a “hold” rating to a “sell” rating in a research note on Friday, April 4th. Finally, Piper Sandler lowered 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. One research analyst has rated the stock with a sell rating and four have issued a hold rating to the stock. According to data from MarketBeat, WaFd has an average rating of “Hold” and a consensus 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.