WaFd, Inc (NASDAQ:WAFD) Shares Bought by Dean Investment Associates LLC

Dean Investment Associates LLC raised its holdings in WaFd, Inc (NASDAQ:WAFD) by 39.2% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 70,060 shares of the bank’s stock after acquiring an additional 19,716 shares during the quarter. Dean Investment Associates LLC’s holdings in WaFd were worth $2,442,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently bought and sold shares of WAFD. Assenagon Asset Management S.A. acquired a new stake in WaFd in the third quarter valued at $18,583,000. American Century Companies Inc. lifted its holdings in WaFd by 31.6% in the second quarter. American Century Companies Inc. now owns 1,274,665 shares of the bank’s stock valued at $36,430,000 after acquiring an additional 305,942 shares during the period. Systematic Financial Management LP increased its position in shares of WaFd by 21.5% in the third quarter. Systematic Financial Management LP now owns 1,432,523 shares of the bank’s stock valued at $49,923,000 after buying an additional 253,044 shares in the last quarter. State Street Corp raised its stake 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 worth $138,347,000 after buying an additional 195,845 shares during the last quarter. Finally, Victory Capital Management Inc. boosted its position in shares of WaFd by 113.4% in 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 in the last quarter. Institutional investors and hedge funds own 83.71% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the stock. DA Davidson lifted their target price on shares of WaFd from $39.00 to $41.00 and gave the stock a “buy” rating in a research report on Monday, October 21st. Piper Sandler reduced their target price on WaFd from $36.00 to $35.00 and set a “neutral” rating on the stock in a research note on Monday, October 21st. StockNews.com raised WaFd from a “sell” rating to a “hold” rating in a research report on Tuesday, November 12th. Finally, Keefe, Bruyette & Woods reissued a “market perform” rating and set a $40.00 price target on shares of WaFd in a research report on Monday, October 21st. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $38.00.

Insider Activity

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 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 2.25% of the company’s stock.

WaFd Stock Performance

WaFd stock opened at $35.93 on Monday. The company has a debt-to-equity ratio of 1.21, a quick ratio of 1.08 and a current ratio of 1.08. The stock has a fifty day moving average of $35.59 and a two-hundred day moving average of $33.22. The company has a market capitalization of $2.92 billion, a price-to-earnings ratio of 14.49 and a beta of 0.84. WaFd, Inc has a fifty-two week low of $25.78 and a fifty-two week high of $38.62.

WaFd (NASDAQ:WAFD) last announced its quarterly earnings data on Thursday, October 17th. The bank reported $0.71 EPS for the quarter, beating analysts’ consensus estimates of $0.70 by $0.01. The business had revenue of $389.98 million during the quarter, compared to the consensus estimate of $190.43 million. WaFd had a return on equity of 9.44% and a net margin of 13.97%. During the same quarter in the previous year, the business earned $0.72 earnings per share. On average, analysts anticipate that WaFd, Inc will post 2.82 EPS for the current fiscal year.

WaFd Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 6th. Stockholders of record on Friday, November 22nd were given a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 2.89%. The ex-dividend date was Friday, November 22nd. WaFd’s dividend payout ratio is currently 41.94%.

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.