WaFd (NASDAQ:WAFD) Rating Lowered to Neutral at DA Davidson

DA Davidson cut shares of WaFd (NASDAQ:WAFD) from a buy rating to a neutral rating in a research note released on Thursday, Marketbeat Ratings reports. They currently have $32.00 price target on the bank’s stock, down from their prior price target of $35.00.

A number of other research firms have also weighed in on WAFD. Piper Sandler decreased their target price on shares of WaFd from $37.00 to $31.00 and set a “neutral” rating on the stock in a report on Tuesday, January 21st. Stephens reaffirmed an “equal weight” rating and issued a $38.00 price target 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 for the company in a research note on Tuesday, January 21st. Finally, StockNews.com upgraded WaFd from a “sell” rating to a “hold” rating in a research report on Tuesday, November 12th. Five research analysts have rated the stock with a hold rating, According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $33.75.

WaFd Stock Up 0.5 %

Shares of NASDAQ WAFD opened at $30.67 on Thursday. The business has a 50-day simple moving average of $32.54 and a two-hundred day simple moving average of $34.31. WaFd has a 52 week low of $25.78 and a 52 week high of $38.62. The company has a market cap of $2.50 billion, a P/E ratio of 14.13 and a beta of 0.85. 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 Dividend Announcement

The business 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 dividend on an annualized basis and a dividend yield of 3.39%. The ex-dividend date was Friday, November 22nd. WaFd’s dividend payout ratio is currently 47.93%.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Inceptionr LLC purchased a new position in shares of WaFd in the 4th quarter worth about $642,000. Raymond James Financial Inc. bought a new stake in WaFd in the 4th quarter worth approximately $1,766,000. Victory Capital Management Inc. boosted its stake in WaFd by 5.1% in the fourth quarter. Victory Capital Management Inc. now owns 185,859 shares of the bank’s stock worth $5,992,000 after buying an additional 9,071 shares in the last quarter. US Bancorp DE grew its position in WaFd by 136.7% during the fourth quarter. US Bancorp DE now owns 3,638 shares of the bank’s stock valued at $117,000 after acquiring an additional 2,101 shares during the last quarter. Finally, Illinois Municipal Retirement Fund raised its stake in shares of WaFd by 20.3% during the fourth quarter. Illinois Municipal Retirement Fund now owns 44,030 shares of the bank’s stock worth $1,420,000 after acquiring an additional 7,445 shares in the last quarter. Institutional investors own 83.71% of the company’s stock.

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.