WaFd, Inc (NASDAQ:WAFD) EVP Ryan Mauer Sells 12,132 Shares

WaFd, Inc (NASDAQ:WAFD) EVP Ryan Mauer sold 12,132 shares of the business’s stock in a transaction on Monday, November 4th. The stock was sold at an average price of $33.33, for a total value of $404,359.56. Following the transaction, the executive vice president now owns 100,376 shares of the company’s stock, valued at $3,345,532.08. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.

WaFd Trading Up 1.8 %

Shares of NASDAQ:WAFD traded up $0.59 during mid-day trading on Tuesday, hitting $34.01. The stock had a trading volume of 267,576 shares, compared to its average volume of 445,560. The company’s 50 day moving average is $35.14 and its 200-day moving average is $31.85. WaFd, Inc has a 12-month low of $24.66 and a 12-month high of $37.49. The company has a debt-to-equity ratio of 1.21, a quick ratio of 1.09 and a current ratio of 1.08. The company has a market cap of $2.76 billion, a PE ratio of 13.69 and a beta of 0.83.

WaFd (NASDAQ:WAFD) last issued its earnings results on Thursday, October 17th. The bank reported $0.71 EPS for the quarter, topping the consensus estimate of $0.70 by $0.01. The business had revenue of $389.98 million during the quarter, compared to analysts’ expectations of $190.43 million. WaFd had a return on equity of 9.44% and a net margin of 13.97%. During the same quarter last year, the firm posted $0.72 earnings per share. On average, sell-side analysts predict that WaFd, Inc will post 2.99 EPS for the current year.

WaFd Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, September 6th. Stockholders of record on Friday, August 23rd were paid a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 3.06%. The ex-dividend date was Friday, August 23rd. WaFd’s dividend payout ratio (DPR) is presently 41.94%.

Institutional Investors Weigh In On WaFd

Several institutional investors have recently made changes to their positions in the company. Blue Trust Inc. raised its position in WaFd by 80.8% during the third quarter. Blue Trust Inc. now owns 1,188 shares of the bank’s stock valued at $41,000 after acquiring an additional 531 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its stake in shares of WaFd by 100.0% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,644 shares of the bank’s stock valued at $47,000 after purchasing an additional 822 shares during the last quarter. GAMMA Investing LLC boosted its holdings in WaFd by 515.8% in the third quarter. GAMMA Investing LLC now owns 1,558 shares of the bank’s stock worth $54,000 after purchasing an additional 1,305 shares in the last quarter. Covestor Ltd increased its position in WaFd by 60.1% during the third quarter. Covestor Ltd now owns 1,904 shares of the bank’s stock worth $66,000 after buying an additional 715 shares during the last quarter. Finally, nVerses Capital LLC bought a new position in WaFd during the second quarter valued at about $80,000. 83.71% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

WAFD has been the subject of several research analyst reports. DA Davidson upped their price objective on shares of WaFd from $39.00 to $41.00 and gave the stock a “buy” rating in a report on Monday, October 21st. Piper Sandler decreased their price objective on shares of WaFd from $36.00 to $35.00 and set a “neutral” rating for the company in a report on Monday, October 21st. Keefe, Bruyette & Woods reissued a “market perform” rating and issued a $40.00 price objective on shares of WaFd in a research note on Monday, October 21st. Stephens upped their price target on shares of WaFd from $32.00 to $36.00 and gave the company an “equal weight” rating in a report on Thursday, July 18th. Finally, StockNews.com lowered shares of WaFd from a “hold” rating to a “sell” rating in a research report on Thursday, October 3rd. One analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat.com, WaFd has an average rating of “Hold” and an average price target of $38.00.

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.