WINTON GROUP Ltd Purchases New Holdings in WaFd, Inc (NASDAQ:WAFD)

WINTON GROUP Ltd purchased a new stake in WaFd, Inc (NASDAQ:WAFD) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 56,557 shares of the bank’s stock, valued at approximately $1,616,000. WINTON GROUP Ltd owned approximately 0.07% of WaFd as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the company. Norges Bank bought a new stake in WaFd in the fourth quarter valued at about $15,363,000. American Century Companies Inc. grew its stake in shares of WaFd by 31.6% in the 2nd quarter. American Century Companies Inc. now owns 1,274,665 shares of the bank’s stock valued at $36,430,000 after purchasing an additional 305,942 shares during the period. Hsbc Holdings PLC acquired a new position in shares of WaFd in the 4th quarter worth approximately $9,270,000. Victory Capital Management Inc. lifted its position in shares of WaFd by 113.4% during the 2nd quarter. Victory Capital Management Inc. now owns 272,721 shares of the bank’s stock worth $7,794,000 after buying an additional 144,920 shares during the period. Finally, Foundry Partners LLC lifted its position in shares of WaFd by 113.8% during the 1st quarter. Foundry Partners LLC now owns 261,656 shares of the bank’s stock worth $7,596,000 after buying an additional 139,244 shares during the period. Institutional investors and hedge funds own 83.71% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the company. Stephens increased their price objective on WaFd from $32.00 to $36.00 and gave the stock an “equal weight” rating in a research note on Thursday, July 18th. Piper Sandler lifted their price target on shares of WaFd from $29.00 to $31.00 and gave the company a “neutral” rating in a report on Monday, May 20th. Finally, StockNews.com upgraded shares of WaFd from a “sell” rating to a “hold” rating in a research report on Thursday, July 18th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $34.25.

WaFd Price Performance

WAFD opened at $35.73 on Monday. The company has a debt-to-equity ratio of 1.52, a current ratio of 1.11 and a quick ratio of 1.09. The stock has a market capitalization of $2.91 billion, a P/E ratio of 13.59 and a beta of 0.83. The company’s 50 day simple moving average is $34.27 and its 200-day simple moving average is $30.04. WaFd, Inc has a one year low of $23.36 and a one year high of $37.49.

WaFd (NASDAQ:WAFD) last announced its quarterly earnings data on Tuesday, July 16th. The bank reported $0.75 EPS for the quarter, beating analysts’ consensus estimates of $0.57 by $0.18. The firm had revenue of $194.44 million for the quarter, compared to analyst estimates of $185.36 million. WaFd had a return on equity of 9.58% and a net margin of 14.13%. The business’s quarterly revenue was up 6.6% compared to the same quarter last year. During the same period last year, the company earned $0.89 EPS. Sell-side analysts anticipate that WaFd, Inc will post 3 earnings per share for the current fiscal year.

WaFd Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 6th. Shareholders of record on Friday, August 23rd were issued a dividend of $0.26 per share. The ex-dividend date of this dividend was Friday, August 23rd. This represents a $1.04 annualized dividend and a yield of 2.91%. WaFd’s dividend payout ratio is currently 39.54%.

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.