WaFd (NASDAQ:WAFD) Announces Quarterly Earnings Results

WaFd (NASDAQ:WAFD) issued its quarterly earnings data on Thursday. The bank reported $0.71 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.70 by $0.01, Briefing.com reports. The firm had revenue of $389.98 million during the quarter, compared to the consensus estimate of $190.43 million. WaFd had a net margin of 14.13% and a return on equity of 9.58%. During the same period last year, the business posted $0.72 earnings per share.

WaFd Price Performance

Shares of WAFD traded down $0.78 during trading hours on Friday, hitting $36.17. 434,135 shares of the company were exchanged, compared to its average volume of 445,480. The company has a market cap of $2.94 billion, a price-to-earnings ratio of 13.75 and a beta of 0.83. The firm’s fifty day moving average is $35.28 and its 200 day moving average is $31.27. WaFd has a fifty-two week low of $23.36 and a fifty-two week high of $37.49. The company has a quick ratio of 1.09, a current ratio of 1.11 and a debt-to-equity ratio of 1.52.

WaFd Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, September 6th. Stockholders of record on Friday, August 23rd were given a dividend of $0.26 per share. The ex-dividend date of this dividend was Friday, August 23rd. This represents a $1.04 dividend on an annualized basis and a dividend yield of 2.88%. WaFd’s payout ratio is 39.54%.

Analysts Set New Price Targets

Several research firms recently issued reports on WAFD. StockNews.com downgraded WaFd from a “hold” rating to a “sell” rating in a research note on Thursday, October 3rd. Stephens lifted their target price on WaFd from $32.00 to $36.00 and gave the stock an “equal weight” rating in a report on Thursday, July 18th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $34.25.

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.