Intech Investment Management LLC Takes Position in WaFd, Inc (NASDAQ:WAFD)

Intech Investment Management LLC purchased a new position in WaFd, Inc (NASDAQ:WAFD) during the 3rd quarter, HoldingsChannel reports. The firm purchased 17,544 shares of the bank’s stock, valued at approximately $611,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of WAFD. Blue Trust Inc. grew its stake in shares of WaFd by 80.8% in the 3rd quarter. Blue Trust Inc. now owns 1,188 shares of the bank’s stock worth $41,000 after purchasing an additional 531 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its holdings in shares of WaFd by 100.0% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,644 shares of the bank’s stock valued at $47,000 after buying an additional 822 shares in the last quarter. GAMMA Investing LLC increased its holdings in shares of WaFd by 515.8% in the third quarter. GAMMA Investing LLC now owns 1,558 shares of the bank’s stock valued at $54,000 after buying an additional 1,305 shares in the last quarter. Covestor Ltd lifted its position in shares of 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 acquiring an additional 715 shares during the last quarter. Finally, nVerses Capital LLC bought a new stake in shares of WaFd during the 2nd quarter worth $80,000. 83.71% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, EVP Ryan Mauer sold 12,132 shares of the stock in a transaction that occurred 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 completion of the sale, the executive vice president now owns 100,376 shares in the company, valued at $3,345,532.08. This represents a 10.78 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 2.25% of the company’s stock.

WaFd Trading Down 1.4 %

Shares of NASDAQ:WAFD opened at $36.58 on Friday. WaFd, Inc has a 12-month low of $25.78 and a 12-month high of $38.62. 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 firm has a market capitalization of $2.98 billion, a P/E ratio of 14.75 and a beta of 0.83. The firm has a fifty day moving average of $35.44 and a two-hundred day moving average of $32.95.

WaFd (NASDAQ:WAFD) last released its quarterly earnings data on Thursday, October 17th. The bank reported $0.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.70 by $0.01. The firm 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 last year, the firm earned $0.72 earnings per share. On average, equities analysts expect that WaFd, Inc will post 2.82 EPS for the current fiscal year.

WaFd Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Friday, November 22nd will be paid a dividend of $0.26 per share. The ex-dividend date of this dividend is Friday, November 22nd. This represents a $1.04 annualized dividend and a dividend yield of 2.84%. WaFd’s dividend payout ratio (DPR) is presently 41.94%.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the company. DA Davidson lifted 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. Keefe, Bruyette & Woods restated a “market perform” rating and set a $40.00 price target on shares of WaFd in a report on Monday, October 21st. StockNews.com raised shares of WaFd from a “sell” rating to a “hold” rating in a research note on Tuesday, November 12th. Finally, Piper Sandler cut their target price on shares of WaFd from $36.00 to $35.00 and set a “neutral” rating on the stock in a research note on Monday, October 21st. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat, WaFd presently 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.