WaFd (NASDAQ:WAFD) Stock Rating Upgraded by StockNews.com

WaFd (NASDAQ:WAFD) was upgraded by StockNews.com from a “sell” rating to a “hold” rating in a research note issued to investors on Tuesday.

Several other brokerages have also issued reports on WAFD. Keefe, Bruyette & Woods reiterated a “market perform” rating and issued a $40.00 price target on shares of WaFd in a research note on Monday, October 21st. DA Davidson boosted their price target on WaFd from $39.00 to $41.00 and gave the stock a “buy” rating in a research report on Monday, October 21st. Stephens boosted their price target on WaFd from $32.00 to $36.00 and gave the stock an “equal weight” rating in a research note on Thursday, July 18th. Finally, Piper Sandler reduced their price target on shares of WaFd from $36.00 to $35.00 and set a “neutral” rating for the company in a research note on Monday, October 21st. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, WaFd presently has a consensus rating of “Hold” and a consensus target price of $38.00.

WaFd Trading Down 0.6 %

WaFd stock traded down $0.22 during trading hours on Tuesday, reaching $37.43. The company had a trading volume of 400,162 shares, compared to its average volume of 449,733. The firm has a market cap of $3.04 billion, a price-to-earnings ratio of 15.09 and a beta of 0.83. The company has a debt-to-equity ratio of 1.21, a current ratio of 1.08 and a quick ratio of 1.09. The company has a 50-day moving average price of $35.14 and a 200 day moving average price of $32.14. WaFd has a 12-month low of $24.66 and a 12-month high of $38.58.

WaFd (NASDAQ:WAFD) last issued its quarterly earnings data on Thursday, October 17th. The bank reported $0.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.70 by $0.01. WaFd had a net margin of 13.97% and a return on equity of 9.44%. The business had revenue of $389.98 million for the quarter, compared to the consensus estimate of $190.43 million. During the same period in the previous year, the firm earned $0.72 EPS. Equities analysts forecast that WaFd will post 2.86 earnings per share for the current year.

Insider Buying and Selling at WaFd

In other WaFd news, EVP Ryan Mauer sold 12,132 shares of WaFd stock in a transaction that occurred on Monday, November 4th. The stock was sold at an average price of $33.33, for a total value of $404,359.56. Following the sale, the executive vice president now owns 100,376 shares of the company’s stock, valued at $3,345,532.08. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 2.25% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the business. Blue Trust Inc. grew its holdings in shares of WaFd by 80.8% during the third quarter. Blue Trust Inc. now owns 1,188 shares of the bank’s stock valued at $41,000 after buying an additional 531 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its holdings in shares of WaFd by 100.0% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,644 shares of the bank’s stock valued at $47,000 after acquiring an additional 822 shares during the last quarter. GAMMA Investing LLC raised its position in shares of WaFd by 515.8% in the third quarter. GAMMA Investing LLC now owns 1,558 shares of the bank’s stock valued at $54,000 after buying an additional 1,305 shares during the last quarter. Covestor Ltd boosted its holdings in shares of WaFd by 60.1% during the 3rd quarter. Covestor Ltd now owns 1,904 shares of the bank’s stock worth $66,000 after purchasing an additional 715 shares during the last quarter. Finally, nVerses Capital LLC purchased a new position in shares of WaFd during the 2nd quarter worth $80,000. Hedge funds and other institutional investors 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.