Key Points
- CEO Brent Beardall bought 3,000 shares of WaFd on November 26 at an average price of $16.55 per share for a total of $49,650, leaving him with 3,000 shares in the company.
- WaFd declared a quarterly dividend of $0.27 per share (annualized $1.08, yield ~3.3%) with record and ex-dividend dates on November 21 and a payment date of December 5.
- The stock traded at $32.27 on the most recent session with heavy volume, a market cap of $2.48 billion and a P/E of 12.22, while analysts have an average Hold rating and a $32.00 price target.
WaFd, Inc. (NASDAQ:WAFD - Get Free Report) CEO Brent Beardall bought 3,000 shares of the firm's stock in a transaction on Wednesday, November 26th. The stock was acquired at an average cost of $16.55 per share, with a total value of $49,650.00. Following the transaction, the chief executive officer owned 3,000 shares in the company, valued at $49,650. The trade was a ∞ increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.
WaFd Stock Performance
Shares of WAFD stock traded down $0.21 during trading hours on Thursday, reaching $32.27. The company had a trading volume of 1,300,155 shares, compared to its average volume of 569,102. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.98 and a current ratio of 0.96. The business has a fifty day moving average price of $30.09 and a 200-day moving average price of $29.99. WaFd, Inc. has a one year low of $23.75 and a one year high of $37.77. The firm has a market cap of $2.48 billion, a PE ratio of 12.22 and a beta of 0.89.
WaFd (NASDAQ:WAFD - Get Free Report) last issued its earnings results on Tuesday, October 28th. The bank reported $0.72 earnings per share (EPS) for the quarter. The company had revenue of $169.23 million for the quarter. WaFd had a net margin of 16.02% and a return on equity of 8.40%. Sell-side analysts predict that WaFd, Inc. will post 2.56 earnings per share for the current fiscal year.
WaFd Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Friday, December 5th. Shareholders of record on Friday, November 21st will be issued a $0.27 dividend. The ex-dividend date of this dividend is Friday, November 21st. This represents a $1.08 dividend on an annualized basis and a yield of 3.3%. WaFd's dividend payout ratio is currently 40.91%.
Institutional Investors Weigh In On WaFd
Large investors have recently made changes to their positions in the company. MetLife Investment Management LLC increased its stake in WaFd by 1,576.8% in the 1st quarter. MetLife Investment Management LLC now owns 683,003 shares of the bank's stock worth $19,520,000 after acquiring an additional 642,270 shares during the last quarter. Invesco Ltd. increased its position in WaFd by 124.3% in the first quarter. Invesco Ltd. now owns 1,107,097 shares of the bank's stock worth $31,641,000 after purchasing an additional 613,596 shares during the last quarter. Arrowstreet Capital Limited Partnership purchased a new stake in WaFd during the second quarter valued at $7,666,000. Nuveen LLC bought a new position in WaFd during the first quarter valued at $5,093,000. Finally, American Century Companies Inc. lifted its position in WaFd by 9.8% during the first quarter. American Century Companies Inc. now owns 1,948,534 shares of the bank's stock valued at $55,689,000 after purchasing an additional 174,453 shares during the last quarter. 83.71% of the stock is owned by institutional investors.
Wall Street Analyst Weigh In
A number of equities research analysts have issued reports on WAFD shares. Keefe, Bruyette & Woods cut 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. Wall Street Zen lowered WaFd from a "hold" rating to a "sell" rating in a report on Saturday, October 18th. Finally, Weiss Ratings reiterated a "hold (c)" rating on shares of WaFd in a research note on Wednesday, October 8th. Five analysts have rated the stock with a Hold rating, According to data from MarketBeat, WaFd presently has an average rating of "Hold" and an average price target of $32.00.
View Our Latest Stock Report on WaFd
About WaFd
(
Get Free Report)
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.
Read More
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
