WaFd (NASDAQ:WAFD) Stock Rating Lowered by StockNews.com

WaFd (NASDAQ:WAFD) was downgraded by StockNews.com from a “hold” rating to a “sell” rating in a report issued on Tuesday.

Several other equities research analysts have also commented on the stock. Stephens restated an “equal weight” rating and issued a $38.00 price target on shares of WaFd in a report on Friday, January 17th. DA Davidson downgraded shares of WaFd from a “buy” rating to a “neutral” rating and cut their price objective for the company from $35.00 to $32.00 in a report on Thursday, February 6th. Keefe, Bruyette & Woods lowered their price target 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. Finally, Piper Sandler dropped their price objective on shares of WaFd from $37.00 to $31.00 and set a “neutral” rating on the stock in a report on Tuesday, January 21st. One analyst has rated the stock with a sell rating and four have assigned a hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $33.75.

WaFd Trading Down 1.6 %

Shares of WAFD opened at $29.33 on Tuesday. The company has a 50-day moving average of $30.87 and a 200 day moving average of $33.87. The company has a debt-to-equity ratio of 1.05, a current ratio of 1.04 and a quick ratio of 1.04. WaFd has a 1-year low of $25.78 and a 1-year high of $38.62. The firm has a market capitalization of $2.39 billion, a price-to-earnings ratio of 13.52 and a beta of 0.85.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Aster Capital Management DIFC Ltd raised its holdings in shares of WaFd by 983.5% during the fourth quarter. Aster Capital Management DIFC Ltd now owns 1,116 shares of the bank’s stock valued at $36,000 after acquiring an additional 1,013 shares during the last quarter. Blue Trust Inc. lifted its holdings in shares of WaFd by 80.8% in the 3rd quarter. Blue Trust Inc. now owns 1,188 shares of the bank’s stock worth $41,000 after acquiring an additional 531 shares during the last quarter. McIlrath & Eck LLC grew its stake in shares of WaFd by 112.7% in the third quarter. McIlrath & Eck LLC now owns 1,323 shares of the bank’s stock valued at $46,000 after buying an additional 701 shares in the last quarter. Harbour Investments Inc. grew its position in WaFd by 29.6% in the 4th quarter. Harbour Investments Inc. now owns 1,752 shares of the bank’s stock valued at $56,000 after acquiring an additional 400 shares in the last quarter. Finally, Covestor Ltd grew its holdings in shares of WaFd by 60.1% in the third quarter. Covestor Ltd now owns 1,904 shares of the bank’s stock valued at $66,000 after purchasing an additional 715 shares in the last quarter. Hedge funds and other institutional investors own 83.71% of the company’s stock.

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.