WaFd, Inc. (NASDAQ:WAFD) Given Consensus Recommendation of "Hold" by Analysts

WaFd, Inc. (NASDAQ:WAFD - Get Free Report) has earned an average recommendation of "Hold" from the five ratings firms that are covering the stock, Marketbeat reports. Five analysts have rated the stock with a hold recommendation. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $32.00.

A number of equities analysts have recently commented on the stock. Weiss Ratings reissued a "hold (c)" rating on shares of WaFd in a report on Wednesday, October 8th. Keefe, Bruyette & Woods dropped their price target on WaFd from $32.00 to $31.00 and set a "market perform" rating for the company in a research note on Monday, October 20th. Finally, Wall Street Zen lowered WaFd from a "hold" rating to a "sell" rating in a research report on Saturday, October 18th.

Get Our Latest Report on WaFd

WaFd Price Performance

WaFd stock opened at $31.73 on Friday. The stock has a market cap of $2.50 billion, a price-to-earnings ratio of 12.02 and a beta of 0.89. The company has a quick ratio of 0.98, a current ratio of 0.96 and a debt-to-equity ratio of 0.64. The business has a 50-day simple moving average of $30.03 and a 200 day simple moving average of $29.91. WaFd has a 52 week low of $23.75 and a 52 week high of $38.62.

WaFd (NASDAQ:WAFD - Get Free Report) last issued its quarterly earnings data on Tuesday, October 28th. The bank reported $0.72 EPS for the quarter. The company had revenue of $169.23 million during the quarter. WaFd had a return on equity of 8.40% and a net margin of 16.02%. On average, research analysts forecast that WaFd will post 2.56 earnings per share for the current fiscal year.

WaFd Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 5th. Shareholders of record on Friday, November 21st will be given a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a yield of 3.4%. The ex-dividend date is Friday, November 21st. WaFd's dividend payout ratio is presently 40.91%.

Insider Buying and Selling at WaFd

In other WaFd news, Director Sean Singleton sold 1,004 shares of the business's stock in a transaction on Wednesday, September 17th. The shares were sold at an average price of $31.71, for a total transaction of $31,836.84. Following the transaction, the director directly owned 9,278 shares of the company's stock, valued at approximately $294,205.38. The trade was a 9.76% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 1.46% of the company's stock.

Hedge Funds Weigh In On WaFd

Several large investors have recently modified their holdings of WAFD. Brooklyn Investment Group purchased a new stake in WaFd during the 1st quarter valued at $28,000. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of WaFd by 42.8% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,174 shares of the bank's stock valued at $34,000 after acquiring an additional 352 shares during the last quarter. McIlrath & Eck LLC grew its stake in shares of WaFd by 57.6% in the second quarter. McIlrath & Eck LLC now owns 1,327 shares of the bank's stock worth $39,000 after acquiring an additional 485 shares during the period. Hantz Financial Services Inc. raised its holdings in shares of WaFd by 604.5% during the third quarter. Hantz Financial Services Inc. now owns 1,423 shares of the bank's stock valued at $43,000 after purchasing an additional 1,221 shares during the last quarter. Finally, Danske Bank A S bought a new position in WaFd in the third quarter valued at about $51,000. Hedge funds and other institutional investors own 83.71% of the company's stock.

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.

Featured Articles

• Five stocks we like better than WaFd
• Investing in the High PE Growth Stocks
• MarketBeat Week in Review – 11/17 - 11/21
• How to start investing in penny stocks
• A Magnificent AI Bet? Stanley Druckenmiller’s Latest Tech Moves
• Want to Profit on the Downtrend? Downtrends, Explained.
• 12 Analysts Just Raised CrowdStrike Targets—Here’s What They See Coming

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Should You Invest $1,000 in WaFd Right Now?

Before you consider WaFd, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and WaFd wasn't on the list.

While WaFd currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here