WaFd (NASDAQ:WAFD) Rating Increased to Hold at StockNews.com

WaFd (NASDAQ:WAFD) was upgraded by stock analysts at StockNews.com from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Saturday.

Several other brokerages have also recently commented on WAFD. Stephens reissued an “equal weight” rating and set a $38.00 target price on shares of WaFd in a report on Friday, January 17th. Keefe, Bruyette & Woods dropped their price objective on WaFd from $42.00 to $34.00 and set a “market perform” rating on the stock in a research note on Tuesday, January 21st. Piper Sandler decreased their target price on WaFd from $37.00 to $31.00 and set a “neutral” rating for the company in a research note on Tuesday, January 21st. Finally, DA Davidson cut shares of WaFd from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $35.00 to $32.00 in a research report on Thursday, February 6th. Five research analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $33.75.

WaFd Trading Up 0.2 %

NASDAQ:WAFD opened at $24.54 on Friday. The stock has a market cap of $2.00 billion, a price-to-earnings ratio of 11.31 and a beta of 0.79. The company has a debt-to-equity ratio of 1.05, a quick ratio of 1.04 and a current ratio of 1.04. WaFd has a 1 year low of $23.75 and a 1 year high of $38.62. The business has a fifty day moving average of $28.42 and a 200-day moving average of $32.03.

WaFd (NASDAQ:WAFD) last announced its earnings results on Friday, April 11th. The bank reported $0.65 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.60 by $0.05. WaFd had a net margin of 12.66% and a return on equity of 8.78%. Equities analysts predict that WaFd will post 2.56 earnings per share for the current year.

Hedge Funds Weigh In On WaFd

Hedge funds have recently modified their holdings of the stock. Aster Capital Management DIFC Ltd lifted its holdings in shares of WaFd by 983.5% during the fourth quarter. Aster Capital Management DIFC Ltd now owns 1,116 shares of the bank’s stock valued at $36,000 after purchasing an additional 1,013 shares during the last quarter. McIlrath & Eck LLC raised its holdings in WaFd by 112.7% during the 3rd quarter. McIlrath & Eck LLC now owns 1,323 shares of the bank’s stock worth $46,000 after buying an additional 701 shares during the period. Harbour Investments Inc. lifted its stake in WaFd by 29.6% during the fourth quarter. Harbour Investments Inc. now owns 1,752 shares of the bank’s stock valued at $56,000 after buying an additional 400 shares in the last quarter. Blue Trust Inc. boosted its holdings in shares of WaFd by 68.4% in the fourth quarter. Blue Trust Inc. now owns 2,000 shares of the bank’s stock worth $70,000 after buying an additional 812 shares during the period. Finally, US Bancorp DE increased its position in shares of WaFd by 136.7% in the fourth quarter. US Bancorp DE now owns 3,638 shares of the bank’s stock worth $117,000 after acquiring an additional 2,101 shares in the last quarter. 83.71% of the stock is currently owned by institutional investors and hedge funds.

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.