WaFd (NASDAQ:WAFD) Price Target Raised to $41.00

WaFd (NASDAQ:WAFD) had its price objective lifted by DA Davidson from $39.00 to $41.00 in a research report sent to investors on Monday morning, Benzinga reports. DA Davidson currently has a buy rating on the bank’s stock. DA Davidson also issued estimates for WaFd’s Q1 2025 earnings at $0.71 EPS.

WAFD has been the topic of several other research reports. Stephens lifted their target price on shares of WaFd from $32.00 to $36.00 and gave the stock an “equal weight” rating in a research note on Thursday, July 18th. Keefe, Bruyette & Woods restated a “market perform” rating and set a $40.00 price target on shares of WaFd in a research report on Monday. Finally, StockNews.com downgraded shares of WaFd from a “hold” rating to a “sell” rating in a report on Thursday, October 3rd. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $38.00.

WaFd Stock Up 1.3 %

WAFD opened at $34.39 on Monday. The company has a market cap of $2.80 billion, a PE ratio of 13.08 and a beta of 0.83. WaFd has a twelve month low of $23.36 and a twelve month high of $37.49. The company has a 50-day moving average price of $35.33 and a 200 day moving average price of $31.43. 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 announced its earnings results on Thursday, October 17th. The bank reported $0.71 EPS for the quarter, beating analysts’ consensus estimates of $0.70 by $0.01. The business had revenue of $389.98 million during the quarter, compared to analysts’ expectations of $190.43 million. WaFd had a return on equity of 9.65% and a net margin of 13.97%. During the same quarter in the prior year, the firm earned $0.72 earnings per share. Sell-side analysts expect that WaFd will post 3.06 earnings per share for the current fiscal year.

WaFd Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, September 6th. Stockholders of record on Friday, August 23rd were given a dividend of $0.26 per share. The ex-dividend date was Friday, August 23rd. This represents a $1.04 annualized dividend and a dividend yield of 3.02%. WaFd’s payout ratio is 39.54%.

Institutional Investors Weigh In On WaFd

Several hedge funds and other institutional investors have recently bought and sold shares of WAFD. Mutual of America Capital Management LLC grew its stake in shares of WaFd by 3.3% in the 1st quarter. Mutual of America Capital Management LLC now owns 11,703 shares of the bank’s stock valued at $340,000 after buying an additional 372 shares during the period. Ameritas Investment Partners Inc. grew its position in WaFd by 5.7% in the first quarter. Ameritas Investment Partners Inc. now owns 6,887 shares of the bank’s stock worth $200,000 after acquiring an additional 373 shares during the period. Commonwealth Equity Services LLC increased its stake in WaFd by 1.6% during the first quarter. Commonwealth Equity Services LLC now owns 24,596 shares of the bank’s stock worth $714,000 after acquiring an additional 382 shares during the last quarter. Louisiana State Employees Retirement System raised its position in WaFd by 1.2% in the second quarter. Louisiana State Employees Retirement System now owns 34,000 shares of the bank’s stock valued at $972,000 after purchasing an additional 400 shares during the period. Finally, Blue Trust Inc. lifted its stake in shares of WaFd by 80.8% in the 3rd quarter. Blue Trust Inc. now owns 1,188 shares of the bank’s stock valued at $41,000 after purchasing an additional 531 shares during the last quarter. 83.71% of the stock is currently owned by institutional investors and hedge funds.

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.