Harbour Investments Inc. Acquires 400 Shares of WaFd, Inc (NASDAQ:WAFD)

Harbour Investments Inc. grew its holdings in shares of WaFd, Inc (NASDAQ:WAFD) by 29.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,752 shares of the bank’s stock after buying an additional 400 shares during the quarter. Harbour Investments Inc.’s holdings in WaFd were worth $56,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of WAFD. McIlrath & Eck LLC raised its holdings in WaFd by 112.7% during the third quarter. McIlrath & Eck LLC now owns 1,323 shares of the bank’s stock worth $46,000 after acquiring an additional 701 shares in the last quarter. Blue Trust Inc. raised its stake in shares of WaFd by 68.4% during the 4th quarter. Blue Trust Inc. now owns 2,000 shares of the bank’s stock worth $70,000 after purchasing an additional 812 shares in the last quarter. US Bancorp DE boosted its holdings in shares of WaFd by 136.7% in the 4th quarter. US Bancorp DE now owns 3,638 shares of the bank’s stock valued at $117,000 after buying an additional 2,101 shares during the last quarter. KBC Group NV grew its stake in shares of WaFd by 34.5% in the fourth quarter. KBC Group NV now owns 3,762 shares of the bank’s stock valued at $121,000 after buying an additional 965 shares in the last quarter. Finally, HighTower Advisors LLC acquired a new position in WaFd during the third quarter worth $237,000. 83.71% of the stock is currently owned by institutional investors and hedge funds.

WaFd Price Performance

WaFd stock opened at $28.82 on Tuesday. The company has a market capitalization of $2.35 billion, a price-to-earnings ratio of 13.28 and a beta of 0.83. The stock’s 50 day moving average is $29.48 and its 200-day moving average is $32.96. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 1.05. WaFd, Inc has a 12 month low of $25.79 and a 12 month high of $38.62.

WaFd Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 7th. Shareholders of record on Friday, February 21st were given a dividend of $0.27 per share. This is a boost from WaFd’s previous quarterly dividend of $0.26. The ex-dividend date was Friday, February 21st. This represents a $1.08 annualized dividend and a yield of 3.75%. WaFd’s dividend payout ratio (DPR) is presently 49.77%.

Analysts Set New Price Targets

A number of research analysts have recently commented on WAFD shares. StockNews.com raised shares of WaFd from a “sell” rating to a “hold” rating in a research report on Thursday, March 6th. DA Davidson downgraded WaFd from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $35.00 to $32.00 in a research report on Thursday, February 6th. Keefe, Bruyette & Woods cut their price objective on WaFd from $42.00 to $34.00 and set a “market perform” rating for the company in a research report on Tuesday, January 21st. Piper Sandler dropped their price target on WaFd from $37.00 to $31.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 21st. Finally, Stephens reaffirmed an “equal weight” rating and set a $38.00 price objective on shares of WaFd in a research report on Friday, January 17th. Five analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $33.75.

WaFd 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.