Key Points
- WaFd EVP Kim Robison sold 22,000 shares on April 24 at an average price of $35.28 for a total of $776,160, cutting her holding by about 15.93% to 116,099 shares, per an SEC filing.
- Quarterly results beat expectations: WaFd reported $0.83 EPS versus $0.74 expected and $197.66M in revenue versus $190.51M, with a net margin of 18.25% and ROE of 8.94%.
- Dividend and analyst view: The bank pays a $0.27 quarterly dividend (annualized $1.08, ~3.0% yield), and analysts mostly rate the stock a "Hold" with a consensus target of $34.80 and price targets up to $38.
WaFd, Inc. (NASDAQ:WAFD - Get Free Report) EVP Kim Robison sold 22,000 shares of the stock in a transaction that occurred on Friday, April 24th. The shares were sold at an average price of $35.28, for a total transaction of $776,160.00. Following the sale, the executive vice president directly owned 116,099 shares of the company's stock, valued at $4,095,972.72. This represents a 15.93% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.
WaFd Stock Up 0.9%
Shares of NASDAQ WAFD opened at $35.50 on Tuesday. The company's 50 day moving average price is $32.27 and its 200-day moving average price is $31.89. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.95 and a current ratio of 0.97. WaFd, Inc. has a 52-week low of $26.31 and a 52-week high of $36.01. The company has a market capitalization of $2.69 billion, a P/E ratio of 11.60 and a beta of 0.83.
WaFd (NASDAQ:WAFD - Get Free Report) last posted its quarterly earnings data on Thursday, April 16th. The bank reported $0.83 earnings per share for the quarter, topping the consensus estimate of $0.74 by $0.09. WaFd had a net margin of 18.25% and a return on equity of 8.94%. The company had revenue of $197.66 million during the quarter, compared to analysts' expectations of $190.51 million. During the same period in the prior year, the company posted $0.17 earnings per share. Equities analysts forecast that WaFd, Inc. will post 3.21 earnings per share for the current year.
WaFd Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Friday, February 27th. Shareholders of record on Friday, February 13th were issued a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date was Friday, February 13th. WaFd's dividend payout ratio (DPR) is presently 35.29%.
Analyst Ratings Changes
WAFD has been the topic of a number of recent analyst reports. Wall Street Zen raised WaFd from a "sell" rating to a "hold" rating in a research note on Sunday, February 8th. Royal Bank Of Canada set a $34.00 target price on WaFd in a report on Tuesday, January 20th. Weiss Ratings raised WaFd from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Friday, April 17th. Piper Sandler increased their price target on WaFd from $30.50 to $36.00 and gave the stock a "neutral" rating in a report on Monday, April 20th. Finally, Keefe, Bruyette & Woods raised their price objective on shares of WaFd from $35.00 to $38.00 and gave the stock a "market perform" rating in a research report on Monday, April 20th. One research analyst has rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $34.80.
Check Out Our Latest Report on WAFD
Hedge Funds Weigh In On WaFd
Institutional investors and hedge funds have recently made changes to their positions in the stock. Northwestern Mutual Wealth Management Co. grew its stake in shares of WaFd by 42.8% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,174 shares of the bank's stock valued at $34,000 after buying an additional 352 shares during the period. McIlrath & Eck LLC raised its stake in WaFd by 57.6% during the 2nd quarter. McIlrath & Eck LLC now owns 1,327 shares of the bank's stock worth $39,000 after buying an additional 485 shares during the period. Hantz Financial Services Inc. boosted its holdings in WaFd by 604.5% in the third quarter. Hantz Financial Services Inc. now owns 1,423 shares of the bank's stock worth $43,000 after acquiring an additional 1,221 shares in the last quarter. Danske Bank A S acquired a new stake in WaFd in the third quarter valued at approximately $51,000. Finally, Blue Trust Inc. grew its stake in WaFd by 36.0% in the third quarter. Blue Trust Inc. now owns 1,837 shares of the bank's stock valued at $56,000 after acquiring an additional 486 shares during the period. Institutional investors own 83.71% of the company's stock.
WaFd Company Profile
(
Get Free Report)
Washington Federal, Inc, doing business as WaFd Bank, is a publicly traded bank holding company headquartered in Seattle, Washington. Through its subsidiary, WaFd Bank, the company provides a range of banking and financial services to individuals, small-to-medium enterprises, and commercial clients. Established in 1917 as Ballard Savings & Loan in Seattle, the institution expanded over decades to serve customers across the Western United States under the Washington Federal name and has operated as a public company since the early 1980s.
WaFd Bank's core offerings encompass deposit accounts such as checking, savings, money market, and certificates of deposit, alongside consumer and commercial lending products.
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