Profund Advisors LLC Acquires Shares of 7,156 WaFd, Inc (NASDAQ:WAFD)

Profund Advisors LLC bought a new position in WaFd, Inc (NASDAQ:WAFD) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 7,156 shares of the bank’s stock, valued at approximately $205,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Hsbc Holdings PLC grew its position in WaFd by 282.6% during the 2nd quarter. Hsbc Holdings PLC now owns 36,079 shares of the bank’s stock valued at $1,019,000 after purchasing an additional 26,648 shares during the last quarter. Renaissance Technologies LLC lifted its stake in shares of WaFd by 24.1% in the second quarter. Renaissance Technologies LLC now owns 139,530 shares of the bank’s stock worth $3,988,000 after buying an additional 27,100 shares in the last quarter. WINTON GROUP Ltd purchased a new stake in shares of WaFd during the second quarter valued at approximately $1,616,000. Envestnet Asset Management Inc. increased its position in shares of WaFd by 8.0% during the second quarter. Envestnet Asset Management Inc. now owns 125,241 shares of the bank’s stock valued at $3,579,000 after acquiring an additional 9,295 shares in the last quarter. Finally, Meeder Asset Management Inc. raised its holdings in WaFd by 618.6% in the 2nd quarter. Meeder Asset Management Inc. now owns 47,972 shares of the bank’s stock worth $1,371,000 after acquiring an additional 41,296 shares during the last quarter. 83.71% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several analysts have commented on WAFD shares. StockNews.com upgraded WaFd from a “sell” rating to a “hold” rating in a research note on Thursday, July 18th. Stephens lifted their price objective on WaFd from $32.00 to $36.00 and gave the stock an “equal weight” rating in a report on Thursday, July 18th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $34.25.

WaFd Price Performance

Shares of WAFD opened at $34.45 on Monday. The firm has a fifty day simple moving average of $35.06 and a two-hundred day simple moving average of $30.55. The firm has a market cap of $2.80 billion, a PE ratio of 13.10 and a beta of 0.83. The company has a current ratio of 1.11, a quick ratio of 1.09 and a debt-to-equity ratio of 1.52. WaFd, Inc has a 1-year low of $23.36 and a 1-year high of $37.49.

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

WaFd Announces Dividend

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

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.