Zacks Research Issues Pessimistic Forecast for WaFd Earnings

WaFd, Inc (NASDAQ:WAFD) – Equities research analysts at Zacks Research lowered their FY2027 earnings estimates for shares of WaFd in a report issued on Tuesday, November 12th. Zacks Research analyst S. Shah now anticipates that the bank will earn $3.36 per share for the year, down from their previous estimate of $3.56. The consensus estimate for WaFd’s current full-year earnings is $2.82 per share.

WaFd (NASDAQ:WAFD) last issued its quarterly earnings results on Thursday, October 17th. The bank reported $0.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.70 by $0.01. The company had revenue of $389.98 million during the quarter, compared to the consensus estimate of $190.43 million. WaFd had a return on equity of 9.44% and a net margin of 13.97%. During the same period last year, the company earned $0.72 earnings per share.

Other equities analysts also recently issued reports about the company. DA Davidson upped their target price on WaFd from $39.00 to $41.00 and gave the company a “buy” rating in a research report on Monday, October 21st. StockNews.com upgraded shares of WaFd from a “sell” rating to a “hold” rating in a research report on Tuesday, November 12th. Piper Sandler reduced their price objective on WaFd from $36.00 to $35.00 and set a “neutral” rating for the company in a research note on Monday, October 21st. Finally, Keefe, Bruyette & Woods restated a “market perform” rating and issued a $40.00 price target on shares of WaFd in a research report on Monday, October 21st. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $38.00.

WaFd Trading Down 0.0 %

Shares of NASDAQ:WAFD opened at $36.96 on Friday. The company has a current ratio of 1.08, a quick ratio of 1.09 and a debt-to-equity ratio of 1.21. The company has a market capitalization of $3.00 billion, a PE ratio of 14.90 and a beta of 0.83. The business’s fifty day simple moving average is $35.24 and its 200-day simple moving average is $32.34. WaFd has a 12-month low of $25.78 and a 12-month high of $38.58.

Hedge Funds Weigh In On WaFd

A number of institutional investors have recently modified their holdings of the company. Assenagon Asset Management S.A. acquired a new position in shares of WaFd during the third quarter worth about $18,583,000. American Century Companies Inc. lifted its position in shares of WaFd by 31.6% during the second quarter. American Century Companies Inc. now owns 1,274,665 shares of the bank’s stock worth $36,430,000 after purchasing an additional 305,942 shares during the last quarter. Systematic Financial Management LP lifted its holdings in WaFd by 21.5% during the 3rd quarter. Systematic Financial Management LP now owns 1,432,523 shares of the bank’s stock worth $49,923,000 after buying an additional 253,044 shares during the last quarter. State Street Corp boosted its holdings in WaFd by 5.2% in the third quarter. State Street Corp now owns 3,969,790 shares of the bank’s stock worth $138,347,000 after purchasing an additional 195,845 shares during the period. Finally, Geode Capital Management LLC grew its position in shares of WaFd by 10.0% during the 3rd quarter. Geode Capital Management LLC now owns 1,759,135 shares of the bank’s stock valued at $61,318,000 after buying an additional 159,750 shares during the last quarter. Institutional investors and hedge funds own 83.71% of the company’s stock.

Insider Buying and Selling at WaFd

In related news, EVP Ryan Mauer sold 12,132 shares of the business’s stock in a transaction dated Monday, November 4th. The shares were sold at an average price of $33.33, for a total value of $404,359.56. Following the sale, the executive vice president now directly owns 100,376 shares in the company, valued at $3,345,532.08. The trade was a 10.78 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 2.25% of the stock is owned by company insiders.

WaFd Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Friday, November 22nd will be paid a $0.26 dividend. The ex-dividend date is Friday, November 22nd. This represents a $1.04 dividend on an annualized basis and a yield of 2.81%. WaFd’s dividend payout ratio is presently 41.94%.

About WaFd

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.