Charles Schwab Investment Management Inc. Has $39.28 Million Stake in WaFd, Inc (NASDAQ:WAFD)

Charles Schwab Investment Management Inc. trimmed its stake in WaFd, Inc (NASDAQ:WAFD) by 0.6% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,218,446 shares of the bank’s stock after selling 6,802 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in WaFd were worth $39,283,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also made changes to their positions in the stock. McIlrath & Eck LLC grew its stake in WaFd by 112.7% in the third 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. Blue Trust Inc. increased its stake in shares of WaFd by 68.4% during the 4th quarter. Blue Trust Inc. now owns 2,000 shares of the bank’s stock worth $70,000 after purchasing an additional 812 shares during the last quarter. KBC Group NV raised its holdings in shares of WaFd by 35.1% during the 3rd quarter. KBC Group NV now owns 2,797 shares of the bank’s stock valued at $97,000 after purchasing an additional 726 shares in the last quarter. US Bancorp DE boosted its holdings in WaFd by 136.7% in the fourth quarter. US Bancorp DE now owns 3,638 shares of the bank’s stock worth $117,000 after purchasing an additional 2,101 shares in the last quarter. Finally, HighTower Advisors LLC acquired a new position in WaFd during the third quarter worth $237,000. 83.71% of the stock is currently owned by institutional investors and hedge funds.

WaFd Price Performance

NASDAQ:WAFD opened at $28.24 on Friday. The company has a debt-to-equity ratio of 1.05, a current ratio of 1.04 and a quick ratio of 1.04. WaFd, Inc has a one year low of $25.78 and a one year high of $38.62. The company has a fifty day moving average price of $29.88 and a 200 day moving average price of $33.32. The stock has a market cap of $2.30 billion, a P/E ratio of 13.01 and a beta of 0.82.

WaFd Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 7th. Stockholders of record on Friday, February 21st were given a dividend of $0.27 per share. The ex-dividend date of this dividend was Friday, February 21st. This represents a $1.08 dividend on an annualized basis and a dividend yield of 3.82%. This is a positive change from WaFd’s previous quarterly dividend of $0.26. WaFd’s dividend payout ratio is currently 49.77%.

Analysts Set New Price Targets

Several research firms recently weighed in on WAFD. DA Davidson lowered WaFd from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $35.00 to $32.00 in a report on Thursday, February 6th. StockNews.com upgraded shares of WaFd from a “sell” rating to a “hold” rating in a research note on Thursday, March 6th. Keefe, Bruyette & Woods cut their target price on shares of WaFd from $42.00 to $34.00 and set a “market perform” rating for the company in a research report on Tuesday, January 21st. Stephens restated an “equal weight” rating and set a $38.00 price target on shares of WaFd in a report on Friday, January 17th. Finally, Piper Sandler dropped their price objective on WaFd from $37.00 to $31.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 21st. Five research analysts have rated the stock with a hold rating, According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $33.75.

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.