WaFd, Inc Expected to Earn Q2 2024 Earnings of $0.34 Per Share (NASDAQ:WAFD)

WaFd, Inc (NASDAQ:WAFDFree Report) – Investment analysts at Zacks Research reduced their Q2 2024 earnings per share estimates for WaFd in a report released on Wednesday, March 20th. Zacks Research analyst S. Shah now expects that the bank will earn $0.34 per share for the quarter, down from their previous estimate of $0.67. The consensus estimate for WaFd’s current full-year earnings is $2.61 per share. Zacks Research also issued estimates for WaFd’s Q3 2024 earnings at $0.63 EPS, Q4 2024 earnings at $0.67 EPS, FY2024 earnings at $2.49 EPS, Q1 2025 earnings at $0.72 EPS, Q2 2025 earnings at $0.67 EPS, Q3 2025 earnings at $0.76 EPS, Q4 2025 earnings at $0.94 EPS, FY2025 earnings at $3.10 EPS, Q1 2026 earnings at $0.92 EPS and FY2026 earnings at $3.82 EPS.

Several other equities analysts have also issued reports on WAFD. Keefe, Bruyette & Woods dropped their price target on WaFd from $37.00 to $35.00 and set an “outperform” rating on the stock in a research note on Thursday, January 18th. StockNews.com downgraded shares of WaFd from a “hold” rating to a “sell” rating in a research report on Thursday. Finally, Stephens reiterated an “equal weight” rating and set a $35.00 target price on shares of WaFd in a research report on Wednesday, January 17th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, WaFd presently has a consensus rating of “Hold” and a consensus target price of $33.50.

Get Our Latest Stock Report on WAFD

WaFd Trading Down 3.0 %

Shares of WAFD stock opened at $27.86 on Friday. The stock has a market cap of $1.80 billion, a price-to-earnings ratio of 8.17 and a beta of 0.84. The stock has a 50-day moving average of $28.44 and a 200-day moving average of $28.01. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 1.80. WaFd has a 1-year low of $23.36 and a 1-year high of $34.07.

WaFd (NASDAQ:WAFDGet Free Report) last issued its quarterly earnings results on Tuesday, January 16th. The bank reported $0.85 earnings per share for the quarter, beating the consensus estimate of $0.77 by $0.08. The company had revenue of $166.40 million during the quarter, compared to analysts’ expectations of $180.45 million. WaFd had a return on equity of 11.19% and a net margin of 20.58%. The business’s quarterly revenue was down 14.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.16 earnings per share.

WaFd Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 8th. Investors of record on Friday, February 23rd were given a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 3.73%. The ex-dividend date of this dividend was Thursday, February 22nd. This is an increase from WaFd’s previous quarterly dividend of $0.25. WaFd’s payout ratio is presently 30.50%.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. BlackRock Inc. raised its holdings in WaFd by 19.0% during the first quarter. BlackRock Inc. now owns 9,666,170 shares of the bank’s stock worth $291,145,000 after buying an additional 1,544,977 shares during the last quarter. Vanguard Group Inc. raised its holdings in WaFd by 1.9% during the third quarter. Vanguard Group Inc. now owns 7,074,908 shares of the bank’s stock worth $212,105,000 after buying an additional 130,515 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in WaFd by 2.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 5,261,777 shares of the bank’s stock worth $173,430,000 after buying an additional 123,575 shares during the last quarter. State Street Corp raised its holdings in WaFd by 16.8% during the second quarter. State Street Corp now owns 3,934,502 shares of the bank’s stock worth $104,343,000 after buying an additional 566,556 shares during the last quarter. Finally, Fuller & Thaler Asset Management Inc. raised its holdings in WaFd by 9.6% during the third quarter. Fuller & Thaler Asset Management Inc. now owns 2,201,972 shares of the bank’s stock worth $56,415,000 after buying an additional 192,061 shares during the last quarter. Institutional investors and hedge funds own 86.36% of the company’s stock.

WaFd Company Profile

(Get Free Report)

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.

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Earnings History and Estimates for WaFd (NASDAQ:WAFD)

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