AlphaQuest LLC Lowers Stock Holdings in WaFd, Inc (NASDAQ:WAFD)

AlphaQuest LLC decreased its position in shares of WaFd, Inc (NASDAQ:WAFD) by 4.1% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 30,024 shares of the bank’s stock after selling 1,286 shares during the quarter. AlphaQuest LLC’s holdings in WaFd were worth $968,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. McIlrath & Eck LLC lifted its stake in shares of WaFd by 112.7% during the 3rd 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. Covestor Ltd lifted its stake in WaFd by 60.1% in the 3rd quarter. Covestor Ltd now owns 1,904 shares of the bank’s stock worth $66,000 after purchasing an additional 715 shares in the last quarter. Blue Trust Inc. lifted its stake in WaFd by 68.4% in 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. KBC Group NV lifted its stake in WaFd by 35.1% in the 3rd quarter. KBC Group NV now owns 2,797 shares of the bank’s stock worth $97,000 after purchasing an additional 726 shares in the last quarter. Finally, US Bancorp DE lifted its stake in WaFd by 136.7% in the 4th quarter. US Bancorp DE now owns 3,638 shares of the bank’s stock worth $117,000 after purchasing an additional 2,101 shares in the last quarter. Hedge funds and other institutional investors own 83.71% of the company’s stock.

Analyst Ratings Changes

Several analysts have commented on WAFD shares. Piper Sandler decreased their price target on shares of WaFd from $37.00 to $31.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 21st. Keefe, Bruyette & Woods decreased their price target on shares of WaFd from $42.00 to $34.00 and set a “market perform” rating on the stock in a research note on Tuesday, January 21st. StockNews.com upgraded shares of WaFd from a “sell” rating to a “hold” rating in a research note on Thursday, March 6th. DA Davidson cut shares of 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. Finally, Stephens restated an “equal weight” rating and set a $38.00 target price on shares of WaFd in a research report on Friday, January 17th. Five research analysts have rated the stock with a hold rating, According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $33.75.

WaFd Stock Down 2.3 %

Shares of NASDAQ WAFD opened at $28.16 on Tuesday. The firm’s 50-day moving average price is $30.23 and its 200-day moving average price is $33.54. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 1.05. The stock has a market capitalization of $2.30 billion, a price-to-earnings ratio of 12.98 and a beta of 0.83. WaFd, Inc has a 12-month low of $25.78 and a 12-month high of $38.62.

WaFd Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 7th. Stockholders of record on Friday, February 21st were given a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a dividend yield of 3.84%. This is a boost from WaFd’s previous quarterly dividend of $0.26. The ex-dividend date was Friday, February 21st. WaFd’s dividend payout ratio is currently 49.77%.

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.