Zacks Research Has Bearish Outlook for WaFd FY2027 Earnings

WaFd, Inc (NASDAQ:WAFD) – Zacks Research lowered their FY2027 earnings per share (EPS) estimates for shares of WaFd in a research report issued on Tuesday, November 12th. Zacks Research analyst S. Shah now anticipates that the bank will post earnings per share of $3.36 for the year, down from their previous forecast of $3.56. The consensus estimate for WaFd’s current full-year earnings is $2.82 per share.

Several other equities research analysts have also recently issued reports on the company. Keefe, Bruyette & Woods restated a “market perform” rating and set a $40.00 price objective on shares of WaFd in a report on Monday, October 21st. Piper Sandler dropped their price target on WaFd from $36.00 to $35.00 and set a “neutral” rating for the company in a research note on Monday, October 21st. StockNews.com raised WaFd from a “sell” rating to a “hold” rating in a research note on Tuesday. DA Davidson boosted their target price on WaFd from $39.00 to $41.00 and gave the stock a “buy” rating in a report on Monday, October 21st. Finally, Stephens raised 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. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to MarketBeat, WaFd currently has a consensus rating of “Hold” and a consensus target price of $38.00.

WaFd Stock Down 0.5 %

Shares of NASDAQ WAFD opened at $36.97 on Friday. The firm’s 50 day moving average price is $35.19 and its 200 day moving average price is $32.25. 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 firm has a market cap of $3.00 billion, a P/E ratio of 14.91 and a beta of 0.83. WaFd has a 1 year low of $25.78 and a 1 year high of $38.58.

WaFd (NASDAQ:WAFD) last issued its quarterly earnings results on Thursday, October 17th. The bank reported $0.71 EPS for the quarter, topping analysts’ consensus estimates of $0.70 by $0.01. The business had revenue of $389.98 million during the quarter, compared to the consensus estimate of $190.43 million. WaFd had a net margin of 13.97% and a return on equity of 9.44%. During the same period in the previous year, the firm posted $0.72 earnings per share.

WaFd Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Friday, November 22nd will be given a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 2.81%. The ex-dividend date is Friday, November 22nd. WaFd’s payout ratio is 41.94%.

Insider Buying and Selling at WaFd

In related news, EVP Ryan Mauer sold 12,132 shares of the stock in a transaction dated Monday, November 4th. The shares were sold at an average price of $33.33, for a total value of $404,359.56. Following the completion of the transaction, the executive vice president now owns 100,376 shares in the company, valued at $3,345,532.08. This represents a 10.78 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 2.25% of the stock is currently owned by insiders.

Institutional Investors Weigh In On WaFd

Several large investors have recently modified their holdings of the stock. Blue Trust Inc. lifted its position in shares of WaFd by 80.8% in the third quarter. Blue Trust Inc. now owns 1,188 shares of the bank’s stock worth $41,000 after purchasing an additional 531 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its position in WaFd by 100.0% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,644 shares of the bank’s stock worth $47,000 after buying an additional 822 shares in the last quarter. GAMMA Investing LLC boosted its stake in shares of WaFd by 515.8% during the 3rd quarter. GAMMA Investing LLC now owns 1,558 shares of the bank’s stock valued at $54,000 after buying an additional 1,305 shares during the period. Covestor Ltd grew its holdings in shares of WaFd by 60.1% during the 3rd quarter. Covestor Ltd now owns 1,904 shares of the bank’s stock valued at $66,000 after acquiring an additional 715 shares in the last quarter. Finally, nVerses Capital LLC acquired a new position in shares of WaFd in the second quarter worth $80,000. 83.71% of the stock is owned by institutional investors.

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.