PNC Financial Services Group Inc. Has $397,000 Position in WaFd, Inc (NASDAQ:WAFD)

PNC Financial Services Group Inc. boosted its position in WaFd, Inc (NASDAQ:WAFD) by 5.8% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 12,054 shares of the bank’s stock after buying an additional 661 shares during the quarter. PNC Financial Services Group Inc.’s holdings in WaFd were worth $397,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of WAFD. Deutsche Bank AG raised its holdings in shares of WaFd by 13.3% in the third quarter. Deutsche Bank AG now owns 31,367 shares of the bank’s stock valued at $804,000 after purchasing an additional 3,686 shares during the last quarter. FMR LLC lifted its position in WaFd by 2.0% during the 3rd quarter. FMR LLC now owns 120,314 shares of the bank’s stock worth $3,082,000 after buying an additional 2,304 shares in the last quarter. Natixis Advisors L.P. acquired a new position in shares of WaFd during the 3rd quarter worth about $322,000. Teza Capital Management LLC bought a new position in shares of WaFd in the 3rd quarter valued at about $228,000. Finally, Alps Advisors Inc. increased its position in shares of WaFd by 28.5% in the third quarter. Alps Advisors Inc. now owns 12,874 shares of the bank’s stock valued at $330,000 after acquiring an additional 2,853 shares during the last quarter. Institutional investors own 83.71% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently commented on WAFD. Piper Sandler increased their price target on WaFd from $29.00 to $31.00 and gave the company a “neutral” rating in a research report on Monday, May 20th. StockNews.com cut shares of WaFd from a “hold” rating to a “sell” rating in a research note on Thursday, March 21st. Stephens reaffirmed an “equal weight” rating and set a $32.00 price target on shares of WaFd in a research report on Tuesday, April 23rd. Finally, DA Davidson reissued a “buy” rating and issued a $35.00 price objective on shares of WaFd in a research report on Thursday, April 11th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, WaFd presently has an average rating of “Hold” and a consensus target price of $33.25.

WaFd Stock Up 3.8 %

WAFD opened at $28.58 on Friday. The stock’s fifty day simple moving average is $27.73 and its 200 day simple moving average is $28.70. WaFd, Inc has a 1-year low of $23.36 and a 1-year high of $34.07. The stock has a market cap of $2.33 billion, a PE ratio of 10.87 and a beta of 0.85. The company has a current ratio of 1.17, a quick ratio of 1.03 and a debt-to-equity ratio of 2.07.

WaFd (NASDAQ:WAFD) last released its quarterly earnings data on Monday, April 22nd. The bank reported $0.73 EPS for the quarter, beating the consensus estimate of $0.31 by $0.42. The firm had revenue of $171.99 million for the quarter, compared to the consensus estimate of $170.74 million. WaFd had a net margin of 15.33% and a return on equity of 10.02%. The company’s quarterly revenue was down 7.1% on a year-over-year basis. During the same period in the previous year, the company earned $0.95 earnings per share. As a group, research analysts expect that WaFd, Inc will post 2.77 earnings per share for the current year.

WaFd Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 7th. Shareholders of record on Friday, May 24th were given a dividend of $0.26 per share. The ex-dividend date of this dividend was Thursday, May 23rd. This represents a $1.04 annualized dividend and a yield of 3.64%. WaFd’s dividend payout ratio (DPR) is presently 39.54%.

WaFd 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.