WaFd (WAFD) Projected to Post Quarterly Earnings on Tuesday

WaFd (NASDAQ:WAFD) is expected to announce its earnings results before the market opens on Tuesday, January 21st. Analysts expect the company to announce earnings of $0.65 per share and revenue of $187,373.75 billion for the quarter.

WaFd (NASDAQ:WAFD) last issued its quarterly earnings data on Thursday, October 17th. The bank reported $0.71 EPS for the quarter, topping analysts’ consensus estimates of $0.70 by $0.01. The firm had revenue of $389.98 million for 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 previous year, the business posted $0.72 EPS. On average, analysts expect WaFd to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

WaFd Stock Up 2.3 %

Shares of WaFd stock traded up $0.73 during trading hours on Wednesday, hitting $32.08. 762,297 shares of the company’s stock traded hands, compared to its average volume of 543,589. WaFd has a twelve month low of $25.78 and a twelve month high of $38.62. The company has a market cap of $2.61 billion, a PE ratio of 12.94 and a beta of 0.87. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 1.21. The stock has a 50 day simple moving average of $34.62 and a 200-day simple moving average of $34.34.

WaFd Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, December 6th. Stockholders of record on Friday, November 22nd were given a $0.26 dividend. The ex-dividend date was Friday, November 22nd. This represents a $1.04 annualized dividend and a dividend yield of 3.24%. WaFd’s payout ratio is 41.94%.

Insider Buying and Selling at WaFd

In other news, EVP Ryan Mauer sold 12,132 shares of the business’s stock in a transaction on Monday, November 4th. The shares were sold at an average price of $33.33, for a total transaction of $404,359.56. Following the transaction, the executive vice president now directly owns 100,376 shares in the company, valued at $3,345,532.08. The trade was a 10.78 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 1.46% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the company. DA Davidson increased 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. Keefe, Bruyette & Woods restated a “market perform” rating and issued a $40.00 target price on shares of WaFd in a research report on Monday, October 21st. StockNews.com upgraded WaFd from a “sell” rating to a “hold” rating in a research report on Tuesday, November 12th. Finally, Piper Sandler decreased 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. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to MarketBeat.com, WaFd presently has an average rating of “Hold” and a consensus price target of $38.00.

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.