WaFd, Inc (NASDAQ:WAFD) Position Increased by Oliver Luxxe Assets LLC

Oliver Luxxe Assets LLC boosted its holdings in WaFd, Inc (NASDAQ:WAFD) by 2.5% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 53,604 shares of the bank’s stock after buying an additional 1,293 shares during the quarter. Oliver Luxxe Assets LLC owned 0.07% of WaFd worth $1,728,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of WAFD. Natixis Advisors LLC raised its position in shares of WaFd by 27.9% during the second quarter. Natixis Advisors LLC now owns 16,639 shares of the bank’s stock worth $476,000 after purchasing an additional 3,629 shares during the period. Victory Capital Management Inc. raised its holdings in WaFd by 113.4% during the 2nd quarter. Victory Capital Management Inc. now owns 272,721 shares of the bank’s stock worth $7,794,000 after buying an additional 144,920 shares during the period. American Century Companies Inc. raised its holdings in WaFd by 31.6% during the 2nd quarter. American Century Companies Inc. now owns 1,274,665 shares of the bank’s stock worth $36,430,000 after buying an additional 305,942 shares during the period. Meeder Asset Management Inc. lifted its stake in WaFd by 618.6% during the second quarter. Meeder Asset Management Inc. now owns 47,972 shares of the bank’s stock valued at $1,371,000 after buying an additional 41,296 shares in the last quarter. Finally, Envestnet Asset Management Inc. boosted its holdings in shares of WaFd by 8.0% in the second quarter. Envestnet Asset Management Inc. now owns 125,241 shares of the bank’s stock worth $3,579,000 after buying an additional 9,295 shares during the period. Institutional investors own 83.71% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. 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. DA Davidson boosted their target price on shares of WaFd from $39.00 to $41.00 and gave the company a “buy” rating in a research note on Monday, October 21st. StockNews.com raised WaFd from a “sell” rating to a “hold” rating in a research report on Tuesday, November 12th. Finally, Piper Sandler lowered their price target on WaFd from $36.00 to $35.00 and set a “neutral” rating on the stock in a report on Monday, October 21st. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat, WaFd currently has a consensus rating of “Hold” and a consensus target price of $38.00.

Insider Transactions at WaFd

In other news, EVP Ryan Mauer sold 12,132 shares of the stock in a transaction on Monday, November 4th. The shares were sold at an average price of $33.33, for a total transaction of $404,359.56. Following the transaction, 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 SEC, which can be accessed through this hyperlink. Company insiders own 1.46% of the company’s stock.

WaFd Stock Up 1.0 %

WAFD traded up $0.31 on Monday, reaching $32.66. 239,627 shares of the company traded hands, compared to its average volume of 386,564. The company has a market cap of $2.66 billion, a price-to-earnings ratio of 13.17 and a beta of 0.87. The company has a debt-to-equity ratio of 1.21, a current ratio of 1.08 and a quick ratio of 1.08. The stock’s 50 day moving average price is $35.08 and its 200-day moving average price is $34.08. WaFd, Inc has a 52-week low of $25.78 and a 52-week high of $38.62.

WaFd (NASDAQ:WAFD) last posted its quarterly earnings results on Thursday, October 17th. The bank reported $0.71 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 analysts’ expectations of $190.43 million. During the same period in the previous year, the company posted $0.72 EPS. On average, sell-side analysts expect that WaFd, Inc will post 2.82 EPS for the current fiscal year.

WaFd Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 6th. Shareholders of record on Friday, November 22nd were given a $0.26 dividend. This represents a $1.04 annualized dividend and a yield of 3.18%. The ex-dividend date was Friday, November 22nd. WaFd’s payout ratio is currently 41.94%.

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.