Brent Beardall Acquires 3,000 Shares of WaFd (NASDAQ:WAFD) Stock

Key Points

  • CEO Brent Beardall purchased 3,000 shares on December 3 at an average price of $16.85 (total $50,550), doubling his stake to 6,000 shares valued at about $101,100 and disclosed in an SEC Form 4.
  • Dividend announced: WaFd declared a $0.27 quarterly dividend (annualized $1.08) with an ex-dividend/record date of November 21 and a payment date of December 5, implying roughly a 3.4% yield and a payout ratio near 41%.
  • Analyst and stock snapshot: The consensus rating is "Hold" with an average price target of $32.00; the bank trades around the low-to-mid $30s with a market cap of ~$2.47B, a P/E of ~12.2, and about 83.7% institutional ownership.

WaFd, Inc. (NASDAQ:WAFD - Get Free Report) CEO Brent Beardall purchased 3,000 shares of the firm's stock in a transaction that occurred on Wednesday, December 3rd. The shares were acquired at an average price of $16.85 per share, for a total transaction of $50,550.00. Following the completion of the transaction, the chief executive officer owned 6,000 shares in the company, valued at $101,100. The trade was a 100.00% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink.

WaFd Trading Up 0.0%

Shares of WAFD opened at $32.15 on Thursday. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.96 and a current ratio of 0.96. The company has a market cap of $2.47 billion, a price-to-earnings ratio of 12.15 and a beta of 0.87. The stock has a fifty day moving average price of $30.15 and a two-hundred day moving average price of $30.06. WaFd, Inc. has a 52-week low of $23.75 and a 52-week high of $36.65.

WaFd (NASDAQ:WAFD - Get Free Report) last announced its earnings results on Tuesday, October 28th. The bank reported $0.72 earnings per share for the quarter. The company had revenue of $187.62 million during the quarter. WaFd had a return on equity of 8.40% and a net margin of 16.02%. Analysts predict that WaFd, Inc. will post 2.56 EPS for the current fiscal year.

WaFd Announces Dividend




The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 5th. Shareholders of record on Friday, November 21st will be given a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 3.4%. The ex-dividend date is Friday, November 21st. WaFd's dividend payout ratio (DPR) is presently 40.91%.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on WAFD shares. Keefe, Bruyette & Woods lowered their target price 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 research report on Saturday, October 18th. Finally, Weiss Ratings restated a "hold (c)" rating on shares of WaFd in a research report on Wednesday, October 8th. Five equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $32.00.

Check Out Our Latest Stock Report on WAFD

Institutional Trading of WaFd

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Brooklyn Investment Group bought a new position in WaFd during the 1st quarter worth approximately $28,000. Northwestern Mutual Wealth Management Co. raised its holdings in WaFd by 42.8% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,174 shares of the bank's stock worth $34,000 after purchasing an additional 352 shares during the period. McIlrath & Eck LLC boosted its position in shares of WaFd by 57.6% during the second quarter. McIlrath & Eck LLC now owns 1,327 shares of the bank's stock worth $39,000 after purchasing an additional 485 shares in the last quarter. Hantz Financial Services Inc. increased its position in shares of WaFd by 604.5% in the 3rd quarter. Hantz Financial Services Inc. now owns 1,423 shares of the bank's stock valued at $43,000 after buying an additional 1,221 shares in the last quarter. Finally, Danske Bank A S bought a new stake in shares of WaFd in the 3rd quarter valued at $51,000. 83.71% of the stock is owned by institutional investors.

WaFd Company Profile

(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.

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