Research Analysts Set Expectations for WaFd FY2027 Earnings

WaFd, Inc (NASDAQ:WAFD) – Analysts at Zacks Research lowered their FY2027 EPS estimates for shares of WaFd in a research note issued on Tuesday, November 12th. Zacks Research analyst S. Shah now expects that the bank will earn $3.36 per share for the year, down from their prior estimate of $3.56. The consensus estimate for WaFd’s current full-year earnings is $2.82 per share.

WAFD has been the topic of a number of other reports. Keefe, Bruyette & Woods reiterated a “market perform” rating and issued a $40.00 price target on shares of WaFd in a research report on Monday, October 21st. Piper Sandler dropped their price objective on shares of WaFd from $36.00 to $35.00 and set a “neutral” rating for the company in a report on Monday, October 21st. DA Davidson boosted their target price on WaFd from $39.00 to $41.00 and gave the stock a “buy” rating in a report on Monday, October 21st. Finally, StockNews.com raised WaFd from a “sell” rating to a “hold” rating in a report on Tuesday. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $38.00.

WaFd Trading Down 0.0 %

WAFD stock opened at $36.96 on Friday. WaFd has a 1-year low of $25.78 and a 1-year high of $38.58. The company has a current ratio of 1.08, a quick ratio of 1.09 and a debt-to-equity ratio of 1.21. The business’s 50 day moving average is $35.21 and its 200-day moving average is $32.28. The firm has a market cap of $3.00 billion, a P/E ratio of 14.90 and a beta of 0.83.

WaFd (NASDAQ:WAFD) last posted its quarterly earnings results on Thursday, October 17th. The bank reported $0.71 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.70 by $0.01. The firm had revenue of $389.98 million during the quarter, compared to analyst estimates of $190.43 million. WaFd had a net margin of 13.97% and a return on equity of 9.44%. During the same quarter in the prior year, the business posted $0.72 earnings per share.

WaFd Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Friday, November 22nd will be issued a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a yield of 2.81%. The ex-dividend date of this dividend is Friday, November 22nd. WaFd’s dividend payout ratio is 41.94%.

Insider Buying and Selling at WaFd

In other WaFd news, EVP Ryan Mauer sold 12,132 shares of the business’s stock in a transaction dated Monday, November 4th. The stock was sold at an average price of $33.33, for a total transaction of $404,359.56. Following the completion of the sale, the executive vice president now directly owns 100,376 shares of the company’s stock, valued at approximately $3,345,532.08. The trade was a 10.78 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 2.25% of the company’s stock.

Institutional Investors Weigh In On WaFd

Institutional investors have recently modified their holdings of the business. Vanguard Group Inc. boosted its stake in WaFd by 1.6% in the first quarter. Vanguard Group Inc. now owns 7,902,461 shares of the bank’s stock valued at $229,408,000 after acquiring an additional 125,020 shares during the last quarter. State Street Corp raised its position in shares of WaFd by 5.2% during the 3rd quarter. State Street Corp now owns 3,969,790 shares of the bank’s stock valued at $138,347,000 after acquiring an additional 195,845 shares during the last quarter. Systematic Financial Management LP lifted its stake in shares of WaFd by 21.5% in the 3rd quarter. Systematic Financial Management LP now owns 1,432,523 shares of the bank’s stock valued at $49,923,000 after purchasing an additional 253,044 shares during the period. American Century Companies Inc. boosted its position 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 worth $36,430,000 after purchasing an additional 305,942 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in shares of WaFd by 7.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,225,248 shares of the bank’s stock worth $42,700,000 after purchasing an additional 84,155 shares during the period. 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.