WaFd, Inc (NASDAQ:WAFD) Shares Bought by Summit Investment Advisors Inc.

Summit Investment Advisors Inc. lifted its holdings in shares of WaFd, Inc (NASDAQ:WAFD) by 6.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,987 shares of the bank’s stock after buying an additional 450 shares during the period. Summit Investment Advisors Inc.’s holdings in WaFd were worth $225,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the business. Raymond James Financial Inc. acquired a new stake in WaFd in the fourth quarter valued at $1,766,000. Renaissance Technologies LLC increased its holdings in shares of WaFd by 427.2% in the 4th quarter. Renaissance Technologies LLC now owns 73,429 shares of the bank’s stock valued at $2,367,000 after purchasing an additional 59,500 shares in the last quarter. Invesco Ltd. lifted its stake in shares of WaFd by 63.6% in the fourth quarter. Invesco Ltd. now owns 493,501 shares of the bank’s stock valued at $15,910,000 after purchasing an additional 191,855 shares during the period. Bank of Montreal Can boosted its holdings in WaFd by 13.7% during the fourth quarter. Bank of Montreal Can now owns 9,908 shares of the bank’s stock worth $319,000 after buying an additional 1,192 shares in the last quarter. Finally, Aster Capital Management DIFC Ltd grew its position in WaFd by 983.5% during the fourth quarter. Aster Capital Management DIFC Ltd now owns 1,116 shares of the bank’s stock worth $36,000 after buying an additional 1,013 shares during the period. 83.71% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on WAFD shares. DA Davidson lowered WaFd from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $35.00 to $32.00 in a research note on Thursday, February 6th. Stephens restated an “equal weight” rating and issued a $29.00 price target on shares of WaFd in a research report on Monday, April 14th. Piper Sandler decreased their price objective on shares of WaFd from $37.00 to $31.00 and set a “neutral” rating on the stock in a research report on Tuesday, January 21st. StockNews.com upgraded shares of WaFd from a “sell” rating to a “hold” rating in a report on Saturday, April 12th. Finally, Keefe, Bruyette & Woods reduced their price target on shares of WaFd from $32.00 to $30.00 and set a “market perform” rating on the stock in a report on Wednesday, April 16th. Five equities research analysts have rated the stock with a hold rating, According to data from MarketBeat.com, WaFd currently has a consensus rating of “Hold” and an average target price of $30.50.

WaFd Trading Down 0.3 %

Shares of WAFD stock opened at $27.94 on Tuesday. WaFd, Inc has a twelve month low of $23.75 and a twelve month high of $38.62. The company has a market capitalization of $2.28 billion, a price-to-earnings ratio of 12.88 and a beta of 0.79. The firm has a 50-day moving average price of $28.10 and a 200 day moving average price of $31.73. 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 (NASDAQ:WAFD) last announced its quarterly earnings data on Friday, April 11th. The bank reported $0.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.60 by $0.05. The business had revenue of $179.79 million for the quarter, compared to the consensus estimate of $184.17 million. WaFd had a net margin of 12.66% and a return on equity of 8.78%. Research analysts forecast that WaFd, Inc will post 2.56 earnings per share for the current fiscal year.

WaFd Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 7th. Shareholders of record on Friday, February 21st were paid a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 3.87%. This is a positive change from WaFd’s previous quarterly dividend of $0.26. The ex-dividend date was Friday, February 21st. WaFd’s dividend payout ratio (DPR) is presently 40.75%.

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.