WaFd (NASDAQ:WAFD) Lowered to Neutral Rating by DA Davidson

WaFd (NASDAQ:WAFD) was downgraded by investment analysts at DA Davidson from a “buy” rating to a “neutral” rating in a research note issued to investors on Thursday, MarketBeat.com reports. They currently have a $32.00 price objective on the bank’s stock, down from their prior price objective of $35.00. DA Davidson’s price target points to a potential upside of 4.81% from the stock’s previous close.

A number of other research analysts also recently weighed in on the stock. Piper Sandler reduced their target price on shares of WaFd from $37.00 to $31.00 and set a “neutral” rating for the company in a research report on Tuesday, January 21st. Keefe, Bruyette & Woods reduced their target price on shares of WaFd from $42.00 to $34.00 and set a “market perform” rating for the company in a research report on Tuesday, January 21st. Stephens reissued an “equal weight” rating and set a $38.00 target price on shares of WaFd in a research report on Friday, January 17th. Finally, StockNews.com raised shares of WaFd from a “sell” rating to a “hold” rating in a research report on Tuesday, November 12th. Five equities research analysts have rated the stock with a hold rating, According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $33.75.

WaFd Stock Up 0.5 %

WaFd stock opened at $30.53 on Thursday. WaFd has a twelve month low of $25.78 and a twelve month high of $38.62. The firm has a 50 day moving average price of $32.54 and a 200-day moving average price of $34.31. The company has a market capitalization of $2.48 billion, a P/E ratio of 14.07 and a beta of 0.85. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 1.21.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Blue Trust Inc. boosted its holdings in 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 buying an additional 531 shares during the period. McIlrath & Eck LLC lifted its stake in WaFd by 112.7% in the 3rd quarter. McIlrath & Eck LLC now owns 1,323 shares of the bank’s stock worth $46,000 after purchasing an additional 701 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its stake in WaFd by 100.0% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,644 shares of the bank’s stock worth $47,000 after purchasing an additional 822 shares in the last quarter. GAMMA Investing LLC lifted its stake in WaFd by 515.8% in the 3rd quarter. GAMMA Investing LLC now owns 1,558 shares of the bank’s stock worth $54,000 after purchasing an additional 1,305 shares in the last quarter. Finally, 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. 83.71% of the stock is owned by institutional investors.

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.