Empowered Funds LLC Lowers Stock Position in WaFd, Inc (NASDAQ:WAFD)

Empowered Funds LLC cut its holdings in WaFd, Inc (NASDAQ:WAFD) by 14.2% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 212,341 shares of the bank’s stock after selling 35,188 shares during the quarter. Empowered Funds LLC owned approximately 0.26% of WaFd worth $7,400,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the business. CIBC Asset Management Inc bought a new position in shares of WaFd during the third quarter valued at $247,000. KBC Group NV grew its position in WaFd by 35.1% during the 3rd quarter. KBC Group NV now owns 2,797 shares of the bank’s stock valued at $97,000 after purchasing an additional 726 shares during the last quarter. Covestor Ltd grew its position in WaFd by 60.1% during the 3rd quarter. Covestor Ltd now owns 1,904 shares of the bank’s stock valued at $66,000 after purchasing an additional 715 shares during the last quarter. Principal Financial Group Inc. increased its stake in WaFd by 28.6% during the 3rd quarter. Principal Financial Group Inc. now owns 428,504 shares of the bank’s stock valued at $14,933,000 after purchasing an additional 95,251 shares in the last quarter. Finally, Amalgamated Bank raised its holdings in WaFd by 13.7% in the third quarter. Amalgamated Bank now owns 23,493 shares of the bank’s stock worth $819,000 after buying an additional 2,834 shares during the last quarter. 83.71% of the stock is currently owned by institutional investors.

Insider Activity at WaFd

In related news, EVP Ryan Mauer sold 12,132 shares of WaFd stock in a transaction on Monday, November 4th. The stock was 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 approximately $3,345,532.08. The trade was a 10.78 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 2.25% of the stock is currently owned by company insiders.

WaFd Trading Down 0.0 %

NASDAQ:WAFD opened at $36.96 on Friday. The company has a 50 day simple moving average of $35.24 and a two-hundred day simple moving average of $32.34. The company has a market cap of $3.00 billion, a PE ratio of 14.90 and a beta of 0.83. The company has a current ratio of 1.08, a quick ratio of 1.09 and a debt-to-equity ratio of 1.21. WaFd, Inc has a 12 month low of $25.78 and a 12 month high of $38.58.

WaFd (NASDAQ:WAFD) last posted 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 company had revenue of $389.98 million during the quarter, compared to analysts’ expectations 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 prior year, the business earned $0.72 earnings per share. Research analysts forecast that WaFd, Inc will post 2.82 earnings per share for the current year.

WaFd Announces Dividend

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

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on WAFD shares. StockNews.com raised shares of WaFd from a “sell” rating to a “hold” rating in a research report on Tuesday, November 12th. Keefe, Bruyette & Woods reissued a “market perform” rating and issued a $40.00 target price on shares of WaFd in a report 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 note on Monday, October 21st. Finally, Piper Sandler dropped their price objective on WaFd from $36.00 to $35.00 and set a “neutral” rating on the stock in a research report on Monday, October 21st. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $38.00.

WaFd Company 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.