Brokers Issue Forecasts for WaFd, Inc’s FY2024 Earnings (NASDAQ:WAFD)

WaFd, Inc (NASDAQ:WAFD) – Research analysts at Zacks Research lowered their FY2024 EPS estimates for shares of WaFd in a report released on Monday, June 24th. Zacks Research analyst S. Shah now expects that the bank will post earnings per share of $2.79 for the year, down from their prior forecast of $2.84. The consensus estimate for WaFd’s current full-year earnings is $2.77 per share. Zacks Research also issued estimates for WaFd’s Q3 2025 earnings at $0.76 EPS, Q4 2025 earnings at $0.84 EPS, FY2025 earnings at $2.99 EPS and Q2 2026 earnings at $0.89 EPS.

WaFd (NASDAQ:WAFD) last released its earnings results on Monday, April 22nd. The bank reported $0.73 EPS for the quarter, topping the consensus estimate of $0.31 by $0.42. WaFd had a net margin of 15.33% and a return on equity of 10.02%. The company had revenue of $171.99 million during the quarter, compared to analysts’ expectations of $170.74 million. During the same quarter last year, the business earned $0.95 EPS. The business’s revenue was down 7.1% on a year-over-year basis.

Several other brokerages have also recently commented on WAFD. Stephens reiterated an “equal weight” rating and issued a $32.00 price objective on shares of WaFd in a research note on Tuesday, April 23rd. Piper Sandler upped their price target on shares of WaFd from $29.00 to $31.00 and gave the company a “neutral” rating in a report on Monday, May 20th. DA Davidson reissued a “buy” rating and issued a $35.00 price objective on shares of WaFd in a research report on Thursday, April 11th. Finally, StockNews.com lowered shares of WaFd from a “hold” rating to a “sell” rating in a research report on Thursday, March 21st. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, WaFd presently has a consensus rating of “Hold” and an average price target of $33.25.

WaFd Stock Up 3.8 %

Shares of NASDAQ WAFD opened at $28.58 on Thursday. The company has a quick ratio of 1.03, a current ratio of 1.17 and a debt-to-equity ratio of 2.07. WaFd has a 52 week low of $23.36 and a 52 week high of $34.07. The firm has a 50-day moving average price of $27.73 and a 200 day moving average price of $28.70. The stock has a market capitalization of $2.33 billion, a price-to-earnings ratio of 10.87 and a beta of 0.85.

Institutional Trading of WaFd

Institutional investors and hedge funds have recently modified their holdings of the business. DekaBank Deutsche Girozentrale boosted its position in shares of WaFd by 21.7% during the 1st quarter. DekaBank Deutsche Girozentrale now owns 7,322 shares of the bank’s stock valued at $210,000 after purchasing an additional 1,305 shares in the last quarter. EMC Capital Management raised its position in WaFd by 124.4% during the first quarter. EMC Capital Management now owns 9,388 shares of the bank’s stock valued at $273,000 after acquiring an additional 5,204 shares in the last quarter. Comerica Bank raised its position in WaFd by 3.2% during the first quarter. Comerica Bank now owns 54,377 shares of the bank’s stock valued at $1,579,000 after acquiring an additional 1,694 shares in the last quarter. Tidal Investments LLC bought a new position in WaFd during the first quarter valued at approximately $653,000. Finally, California State Teachers Retirement System raised its position in WaFd by 1.2% during the first quarter. California State Teachers Retirement System now owns 69,092 shares of the bank’s stock valued at $2,006,000 after acquiring an additional 790 shares in the last quarter. 83.71% of the stock is owned by institutional investors and hedge funds.

WaFd Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 7th. Shareholders of record on Friday, May 24th were paid a dividend of $0.26 per share. The ex-dividend date was Thursday, May 23rd. This represents a $1.04 dividend on an annualized basis and a yield of 3.64%. WaFd’s dividend payout ratio (DPR) is 39.54%.

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.