FY2024 EPS Estimates for WaFd, Inc Lowered by Zacks Research (NASDAQ:WAFD)

WaFd, Inc (NASDAQ:WAFD) – Analysts at Zacks Research reduced their FY2024 earnings per share estimates for WaFd in a report released on Monday, June 24th. Zacks Research analyst S. Shah now expects that the bank will post earnings per share of $2.79 for the year, down from their previous estimate of $2.84. The consensus estimate for WaFd’s current full-year earnings is $2.79 per share. Zacks Research also issued estimates for WaFd’s Q3 2025 earnings at $0.76 EPS, Q4 2025 earnings at $0.84 EPS, FY2025 earnings at $2.99 EPS and Q2 2026 earnings at $0.89 EPS.

WaFd (NASDAQ:WAFD) last announced its earnings results on Monday, April 22nd. The bank reported $0.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.31 by $0.42. The business had revenue of $171.99 million for the quarter, compared to analysts’ expectations of $170.74 million. WaFd had a return on equity of 10.02% and a net margin of 15.33%. The business’s revenue for the quarter was down 7.1% on a year-over-year basis. During the same period last year, the firm posted $0.95 earnings per share.

Several other research analysts also recently commented on the company. Stephens reaffirmed an “equal weight” rating and issued a $32.00 price objective on shares of WaFd in a research note on Tuesday, April 23rd. DA Davidson reaffirmed a “buy” rating and issued a $35.00 price objective on shares of WaFd in a research note on Thursday, April 11th. StockNews.com downgraded WaFd from a “hold” rating to a “sell” rating in a research note on Thursday, March 21st. Finally, Piper Sandler raised their price objective on WaFd from $29.00 to $31.00 and gave the stock a “neutral” rating in a research note on Monday, May 20th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $33.25.

WaFd Stock Up 1.5 %

NASDAQ WAFD opened at $26.93 on Thursday. The stock’s 50-day moving average price is $27.71 and its 200-day moving average price is $28.72. The company has a quick ratio of 1.03, a current ratio of 1.17 and a debt-to-equity ratio of 2.07. WaFd has a 52 week low of $23.36 and a 52 week high of $34.07. The company has a market capitalization of $2.19 billion, a P/E ratio of 10.24 and a beta of 0.85.

WaFd Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 7th. Stockholders of record on Friday, May 24th were issued a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 3.86%. The ex-dividend date was Thursday, May 23rd. WaFd’s dividend payout ratio (DPR) is 39.54%.

Hedge Funds Weigh In On WaFd

A number of large investors have recently bought and sold shares of WAFD. Deutsche Bank AG boosted its holdings in WaFd by 13.3% during the 3rd quarter. Deutsche Bank AG now owns 31,367 shares of the bank’s stock valued at $804,000 after acquiring an additional 3,686 shares during the period. FMR LLC boosted its holdings in WaFd by 2.0% during the 3rd quarter. FMR LLC now owns 120,314 shares of the bank’s stock valued at $3,082,000 after acquiring an additional 2,304 shares during the period. Natixis Advisors L.P. purchased a new position in WaFd during the 3rd quarter valued at $322,000. Teza Capital Management LLC purchased a new position in WaFd during the 3rd quarter valued at $228,000. Finally, Caxton Associates LP boosted its holdings in WaFd by 99.3% during the 3rd quarter. Caxton Associates LP now owns 60,133 shares of the bank’s stock valued at $1,541,000 after acquiring an additional 29,966 shares during the period. Hedge funds and other 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.