Dimensional Fund Advisors LP Sells 15,770 Shares of WaFd, Inc (NASDAQ:WAFD)

Dimensional Fund Advisors LP reduced its holdings in WaFd, Inc (NASDAQ:WAFD) by 0.3% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 5,636,608 shares of the bank’s stock after selling 15,770 shares during the quarter. Dimensional Fund Advisors LP owned about 6.94% of WaFd worth $161,090,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in WAFD. nVerses Capital LLC bought a new stake in shares of WaFd during the second quarter valued at approximately $80,000. Meeder Asset Management Inc. bought a new stake in shares of WaFd during the first quarter valued at approximately $194,000. Ameritas Investment Partners Inc. increased its holdings in shares of WaFd by 5.7% during the first quarter. Ameritas Investment Partners Inc. now owns 6,887 shares of the bank’s stock valued at $200,000 after acquiring an additional 373 shares in the last quarter. DekaBank Deutsche Girozentrale increased its holdings in shares of WaFd by 21.7% during the first quarter. DekaBank Deutsche Girozentrale now owns 7,322 shares of the bank’s stock valued at $210,000 after acquiring an additional 1,305 shares in the last quarter. Finally, SG Americas Securities LLC bought a new stake in shares of WaFd during the first quarter valued at approximately $237,000. 83.71% of the stock is currently owned by institutional investors.

WaFd Trading Down 3.3 %

Shares of WaFd stock opened at $35.20 on Friday. The stock has a fifty day simple moving average of $34.93 and a 200 day simple moving average of $30.30. WaFd, Inc has a 12-month low of $23.36 and a 12-month high of $37.49. The company has a market capitalization of $2.87 billion, a P/E ratio of 13.38 and a beta of 0.83. The company has a current ratio of 1.11, a quick ratio of 1.09 and a debt-to-equity ratio of 1.52.

WaFd (NASDAQ:WAFD) last announced its quarterly earnings results on Tuesday, July 16th. The bank reported $0.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.57 by $0.18. WaFd had a return on equity of 9.58% and a net margin of 14.13%. The business had revenue of $194.44 million during the quarter, compared to the consensus estimate of $185.36 million. During the same quarter in the prior year, the company posted $0.89 earnings per share. WaFd’s revenue was up 6.6% compared to the same quarter last year. On average, sell-side analysts anticipate that WaFd, Inc will post 3 earnings per share for the current fiscal year.

WaFd Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 6th. Shareholders of record on Friday, August 23rd were given a $0.26 dividend. The ex-dividend date was Friday, August 23rd. This represents a $1.04 annualized dividend and a yield of 2.95%. WaFd’s dividend payout ratio is currently 39.54%.

Wall Street Analysts Forecast Growth

WAFD has been the subject of several recent research reports. Stephens boosted their price objective on WaFd from $32.00 to $36.00 and gave the company an “equal weight” rating in a report on Thursday, July 18th. StockNews.com upgraded WaFd from a “sell” rating to a “hold” rating in a report on Thursday, July 18th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $34.25.

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.