Envestnet Portfolio Solutions Inc. Has $541,000 Stock Position in WaFd, Inc (NASDAQ:WAFD)

Envestnet Portfolio Solutions Inc. increased its holdings in WaFd, Inc (NASDAQ:WAFD) by 7.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 16,790 shares of the bank’s stock after acquiring an additional 1,187 shares during the period. Envestnet Portfolio Solutions Inc.’s holdings in WaFd were worth $541,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. McIlrath & Eck LLC increased its holdings in WaFd by 112.7% during the 3rd quarter. McIlrath & Eck LLC now owns 1,323 shares of the bank’s stock worth $46,000 after purchasing an additional 701 shares in the last quarter. Blue Trust Inc. boosted its position in shares of WaFd by 68.4% during the fourth quarter. Blue Trust Inc. now owns 2,000 shares of the bank’s stock valued at $70,000 after buying an additional 812 shares during the last quarter. US Bancorp DE grew its holdings in WaFd by 136.7% during the fourth quarter. US Bancorp DE now owns 3,638 shares of the bank’s stock worth $117,000 after buying an additional 2,101 shares in the last quarter. KBC Group NV raised its position in WaFd by 34.5% in the 4th quarter. KBC Group NV now owns 3,762 shares of the bank’s stock valued at $121,000 after buying an additional 965 shares during the last quarter. Finally, HighTower Advisors LLC bought a new position in WaFd during the 3rd quarter valued at $237,000. Institutional investors and hedge funds own 83.71% of the company’s stock.

Wall Street Analyst Weigh In

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

WaFd Trading Down 0.6 %

Shares of WAFD stock opened at $28.65 on Wednesday. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 1.05. The firm has a market cap of $2.34 billion, a P/E ratio of 13.20 and a beta of 0.83. The company has a 50 day moving average of $29.43 and a 200-day moving average of $32.91. WaFd, Inc has a 12-month low of $25.79 and a 12-month high of $38.62.

WaFd Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 7th. Shareholders of record on Friday, February 21st were paid a $0.27 dividend. The ex-dividend date of this dividend was Friday, February 21st. This is a positive change from WaFd’s previous quarterly dividend of $0.26. This represents a $1.08 annualized dividend and a dividend yield of 3.77%. WaFd’s payout ratio is presently 49.77%.

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.