Systematic Financial Management LP Sells 43,397 Shares of WaFd, Inc (NASDAQ:WAFD)

Systematic Financial Management LP trimmed its position in WaFd, Inc (NASDAQ:WAFD) by 3.5% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,179,479 shares of the bank’s stock after selling 43,397 shares during the period. WaFd makes up approximately 1.0% of Systematic Financial Management LP’s holdings, making the stock its 16th biggest holding. Systematic Financial Management LP’s holdings in WaFd were worth $33,710,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Norges Bank acquired a new position in shares of WaFd during the fourth quarter valued at about $15,363,000. American Century Companies Inc. increased its stake in WaFd by 31.6% during the 2nd quarter. American Century Companies Inc. now owns 1,274,665 shares of the bank’s stock valued at $36,430,000 after purchasing an additional 305,942 shares in the last quarter. Hsbc Holdings PLC acquired a new stake in shares of WaFd during the fourth quarter worth $9,270,000. Victory Capital Management Inc. grew its holdings in shares of WaFd by 113.4% during the second quarter. Victory Capital Management Inc. now owns 272,721 shares of the bank’s stock valued at $7,794,000 after buying an additional 144,920 shares during the last quarter. Finally, Foundry Partners LLC increased its position in shares of WaFd by 113.8% in the 1st quarter. Foundry Partners LLC now owns 261,656 shares of the bank’s stock valued at $7,596,000 after acquiring an additional 139,244 shares during the period. 83.71% of the stock is owned by hedge funds and other institutional investors.

WaFd Stock Up 0.5 %

Shares of WAFD opened at $34.45 on Friday. The company has a market capitalization of $2.80 billion, a price-to-earnings ratio of 13.10 and a beta of 0.83. WaFd, Inc has a 52 week low of $23.36 and a 52 week high of $37.49. The stock’s 50-day moving average price is $35.06 and its 200-day moving average price is $30.52. The company has a quick ratio of 1.09, a current ratio of 1.11 and a debt-to-equity ratio of 1.52.

WaFd (NASDAQ:WAFD) last issued its quarterly earnings data on Tuesday, July 16th. The bank reported $0.75 EPS for the quarter, topping analysts’ consensus estimates of $0.57 by $0.18. WaFd had a net margin of 14.13% and a return on equity of 9.58%. The business had revenue of $194.44 million for the quarter, compared to analysts’ expectations of $185.36 million. During the same quarter last year, the company earned $0.89 EPS. The business’s revenue was up 6.6% on a year-over-year basis. On average, sell-side analysts predict that WaFd, Inc will post 3 EPS for the current year.

WaFd Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 6th. Shareholders of record on Friday, August 23rd were given a $0.26 dividend. The ex-dividend date of this dividend was Friday, August 23rd. This represents a $1.04 dividend on an annualized basis and a dividend yield of 3.02%. WaFd’s dividend payout ratio (DPR) is currently 39.54%.

Wall Street Analyst Weigh In

Several research firms have weighed in on WAFD. StockNews.com upgraded WaFd from a “sell” rating to a “hold” rating in a research note on Thursday, July 18th. Stephens upped their target price on WaFd from $32.00 to $36.00 and gave the company an “equal weight” rating in a research report on Thursday, July 18th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $34.25.

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.