AlphaQuest LLC Sells 1,286 Shares of WaFd, Inc (NASDAQ:WAFD)

AlphaQuest LLC trimmed its position in shares of WaFd, Inc (NASDAQ:WAFD) by 4.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 30,024 shares of the bank’s stock after selling 1,286 shares during the period. AlphaQuest LLC’s holdings in WaFd were worth $968,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in WAFD. State Street Corp grew its stake in WaFd by 5.2% in the 3rd quarter. State Street Corp now owns 3,969,790 shares of the bank’s stock worth $138,347,000 after acquiring an additional 195,845 shares in the last quarter. Geode Capital Management LLC grew its stake in WaFd by 10.0% in the 3rd quarter. Geode Capital Management LLC now owns 1,759,135 shares of the bank’s stock worth $61,318,000 after acquiring an additional 159,750 shares in the last quarter. Systematic Financial Management LP grew its stake in WaFd by 21.5% in the 3rd quarter. Systematic Financial Management LP now owns 1,432,523 shares of the bank’s stock worth $49,923,000 after acquiring an additional 253,044 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in WaFd by 7.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,225,248 shares of the bank’s stock worth $42,700,000 after acquiring an additional 84,155 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its stake in WaFd by 4.1% in the 4th quarter. Bank of New York Mellon Corp now owns 736,564 shares of the bank’s stock worth $23,747,000 after acquiring an additional 28,849 shares in the last quarter. 83.71% of the stock is currently owned by institutional investors.

WaFd Trading Down 2.3 %

NASDAQ:WAFD opened at $28.16 on Tuesday. WaFd, Inc has a 52 week low of $25.78 and a 52 week high of $38.62. The firm has a 50 day moving average of $30.23 and a 200 day moving average of $33.54. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 1.05. The stock has a market capitalization of $2.30 billion, a price-to-earnings ratio of 12.98 and a beta of 0.83.

WaFd Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 7th. Investors of record on Friday, February 21st were given a dividend of $0.27 per share. This is a boost from WaFd’s previous quarterly dividend of $0.26. The ex-dividend date of this dividend was Friday, February 21st. This represents a $1.08 dividend on an annualized basis and a yield of 3.84%. WaFd’s dividend payout ratio is presently 49.77%.

Wall Street Analyst Weigh In

A number of brokerages have commented on WAFD. Piper Sandler dropped their target price on shares of WaFd from $37.00 to $31.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 21st. StockNews.com upgraded shares of WaFd from a “sell” rating to a “hold” rating in a research note on Thursday, March 6th. DA Davidson downgraded shares of WaFd from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $35.00 to $32.00 in a research note on Thursday, February 6th. Stephens reiterated an “equal weight” rating and set a $38.00 price objective on shares of WaFd in a research note on Friday, January 17th. Finally, Keefe, Bruyette & Woods dropped their price objective on shares of WaFd from $42.00 to $34.00 and set a “market perform” rating on the stock in a research note on Tuesday, January 21st. Five investment analysts have rated the stock with a hold rating, According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $33.75.

WaFd Profile

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.