WaFd, Inc (NASDAQ:WAFD) Shares Purchased by Orion Portfolio Solutions LLC

Orion Portfolio Solutions LLC boosted its holdings in shares of WaFd, Inc (NASDAQ:WAFD) by 5.4% during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 39,465 shares of the bank’s stock after purchasing an additional 2,025 shares during the period. Orion Portfolio Solutions LLC’s holdings in WaFd were worth $1,375,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Assenagon Asset Management S.A. acquired a new stake in shares of WaFd during the third quarter worth $18,583,000. American Century Companies Inc. lifted its stake in shares of WaFd by 31.6% in the 2nd quarter. American Century Companies Inc. now owns 1,274,665 shares of the bank’s stock worth $36,430,000 after acquiring an additional 305,942 shares during the period. Systematic Financial Management LP lifted its stake in shares of WaFd by 21.5% in the 3rd quarter. Systematic Financial Management LP now owns 1,432,523 shares of the bank’s stock worth $49,923,000 after acquiring an additional 253,044 shares during the period. State Street Corp boosted its holdings in shares of WaFd by 5.2% in the third quarter. State Street Corp now owns 3,969,790 shares of the bank’s stock valued at $138,347,000 after acquiring an additional 195,845 shares in the last quarter. Finally, Victory Capital Management Inc. increased its stake in shares of WaFd by 113.4% during the second quarter. Victory Capital Management Inc. now owns 272,721 shares of the bank’s stock worth $7,794,000 after acquiring an additional 144,920 shares during the period. 83.71% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, EVP Ryan Mauer sold 12,132 shares of the stock in a transaction dated 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. This represents a 10.78 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Company insiders own 2.25% of the company’s stock.

WaFd Stock Performance

NASDAQ WAFD opened at $35.35 on Friday. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 1.21. WaFd, Inc has a fifty-two week low of $25.78 and a fifty-two week high of $38.62. The business has a fifty day moving average of $35.75 and a 200-day moving average of $33.42. The stock has a market cap of $2.88 billion, a price-to-earnings ratio of 14.25 and a beta of 0.84.

WaFd (NASDAQ:WAFD) last announced its quarterly earnings data on Thursday, October 17th. The bank reported $0.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.70 by $0.01. WaFd had a net margin of 13.97% and a return on equity of 9.44%. The business had revenue of $389.98 million for the quarter, compared to the consensus estimate of $190.43 million. During the same quarter in the prior year, the firm posted $0.72 earnings per share. As a group, analysts predict that WaFd, Inc will post 2.82 earnings per share for the current fiscal year.

WaFd Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 6th. Stockholders of record on Friday, November 22nd were issued a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a dividend yield of 2.94%. The ex-dividend date of this dividend was Friday, November 22nd. WaFd’s dividend payout ratio (DPR) is 41.94%.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the company. Piper Sandler reduced their price target on WaFd from $36.00 to $35.00 and set a “neutral” rating for the company in a report on Monday, October 21st. Keefe, Bruyette & Woods reiterated a “market perform” rating and issued a $40.00 price objective on shares of WaFd in a research report on Monday, October 21st. DA Davidson boosted their target price on shares of WaFd from $39.00 to $41.00 and gave the stock a “buy” rating in a research report on Monday, October 21st. Finally, StockNews.com raised shares of WaFd from a “sell” rating to a “hold” rating in a research note on Tuesday, November 12th. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, WaFd currently has a consensus rating of “Hold” and an average price target of $38.00.

WaFd 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.