XTX Topco Ltd Acquires Shares of 9,213 WaFd, Inc. (NASDAQ:WAFD)

XTX Topco Ltd acquired a new stake in WaFd, Inc. (NASDAQ:WAFD) in the first quarter, Holdings Channel reports. The fund acquired 9,213 shares of the bank’s stock, valued at approximately $263,000.

Other hedge funds have also recently added to or reduced their stakes in the company. TD Private Client Wealth LLC grew its stake in WaFd by 35.2% in the first quarter. TD Private Client Wealth LLC now owns 2,002 shares of the bank’s stock valued at $57,000 after acquiring an additional 521 shares during the period. KBC Group NV boosted its position in shares of WaFd by 12.7% during the first quarter. KBC Group NV now owns 4,239 shares of the bank’s stock valued at $121,000 after buying an additional 477 shares during the last quarter. Aquatic Capital Management LLC purchased a new position in shares of WaFd during the fourth quarter valued at approximately $141,000. Summit Investment Advisors Inc. boosted its position in shares of WaFd by 6.9% during the fourth quarter. Summit Investment Advisors Inc. now owns 6,987 shares of the bank’s stock valued at $225,000 after buying an additional 450 shares during the last quarter. Finally, Crestline Management LP bought a new stake in WaFd during the fourth quarter worth $258,000. Institutional investors and hedge funds own 83.71% of the company’s stock.

WaFd Stock Performance

WaFd stock opened at $29.68 on Tuesday. The firm’s 50 day simple moving average is $29.49 and its 200 day simple moving average is $28.93. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.71. The firm has a market capitalization of $2.34 billion, a PE ratio of 11.29 and a beta of 0.90. WaFd, Inc. has a 1-year low of $23.75 and a 1-year high of $38.62.

WaFd (NASDAQ:WAFD) last posted its earnings results on Thursday, July 17th. The bank reported $0.73 earnings per share for the quarter, topping analysts’ consensus estimates of $0.67 by $0.06. WaFd had a net margin of 15.57% and a return on equity of 8.57%. The business had revenue of $186.26 million for the quarter, compared to analyst estimates of $184.47 million. As a group, analysts expect that WaFd, Inc. will post 2.56 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of analysts recently commented on the company. DA Davidson lifted their price target on WaFd from $29.00 to $33.00 and gave the stock a “neutral” rating in a report on Monday, July 21st. Keefe, Bruyette & Woods lifted their price target on WaFd from $30.00 to $32.00 and gave the stock a “market perform” rating in a report on Monday, July 21st. Wall Street Zen raised WaFd from a “sell” rating to a “hold” rating in a research report on Friday, July 18th. Stephens lifted their target price on shares of WaFd from $32.00 to $33.00 and gave the stock an “equal weight” rating in a research note on Monday, July 21st. Finally, Piper Sandler lifted their target price on shares of WaFd from $30.00 to $31.00 and gave the stock a “neutral” rating in a research note on Monday, July 21st. Five equities research analysts have rated the stock with a hold rating, According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $32.25.

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.