StockNews.com Downgrades WaFd (NASDAQ:WAFD) to Sell

WaFd (NASDAQ:WAFD) was downgraded by stock analysts at StockNews.com from a “hold” rating to a “sell” rating in a report issued on Tuesday.

Several other research firms have also commented on WAFD. Piper Sandler lowered their price target on shares of WaFd from $37.00 to $31.00 and set a “neutral” rating on the stock in a research report on Tuesday, January 21st. Stephens reiterated an “equal weight” rating and issued a $38.00 price target on shares of WaFd in a report on Friday, January 17th. Keefe, Bruyette & Woods decreased their price objective on WaFd from $42.00 to $34.00 and set a “market perform” rating on the stock in a report on Tuesday, January 21st. Finally, DA Davidson lowered WaFd from a “buy” rating to a “neutral” rating and dropped their target price for the company from $35.00 to $32.00 in a research note on Thursday, February 6th. One equities research analyst has rated the stock with a sell rating and four have issued a hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $33.75.

WaFd Stock Performance

WAFD opened at $29.33 on Tuesday. The company has a debt-to-equity ratio of 1.05, a current ratio of 1.04 and a quick ratio of 1.04. The stock has a market cap of $2.39 billion, a P/E ratio of 13.52 and a beta of 0.85. WaFd has a 1-year low of $25.78 and a 1-year high of $38.62. The stock’s 50 day simple moving average is $30.87 and its 200 day simple moving average is $33.87.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in WAFD. Aster Capital Management DIFC Ltd grew its position in WaFd by 983.5% during the fourth quarter. Aster Capital Management DIFC Ltd now owns 1,116 shares of the bank’s stock valued at $36,000 after acquiring an additional 1,013 shares during the period. Blue Trust Inc. raised its holdings in shares of WaFd by 80.8% in the 3rd quarter. Blue Trust Inc. now owns 1,188 shares of the bank’s stock worth $41,000 after purchasing an additional 531 shares during the period. McIlrath & Eck LLC lifted its stake in shares of WaFd by 112.7% in the 3rd quarter. McIlrath & Eck LLC now owns 1,323 shares of the bank’s stock valued at $46,000 after purchasing an additional 701 shares in the last quarter. Harbour Investments Inc. grew its holdings in shares of WaFd by 29.6% during the 4th quarter. Harbour Investments Inc. now owns 1,752 shares of the bank’s stock worth $56,000 after purchasing an additional 400 shares during the period. Finally, Covestor Ltd increased its position in WaFd by 60.1% during the 3rd quarter. Covestor Ltd now owns 1,904 shares of the bank’s stock worth $66,000 after purchasing an additional 715 shares in the last quarter. 83.71% of the stock is owned by hedge funds and other institutional investors.

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.