WaFd (NASDAQ:WAFD) Issues Quarterly Earnings Results

WaFd (NASDAQ:WAFD) released its earnings results on Thursday. The bank reported $0.85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.84 by $0.01, reports. The company had revenue of $220.44 million during the quarter, compared to analyst estimates of $203.66 million. WaFd had a return on equity of 8.98% and a net margin of 18.47%.

WaFd Price Performance

Shares of NASDAQ:WAFD opened at $29.45 on Friday. The firm has a market cap of $2.18 billion, a price-to-earnings ratio of 9.29 and a beta of 0.89. WaFd has a 1 year low of $26.31 and a 1 year high of $39.49. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 1.20. The business has a fifty day simple moving average of $33.66 and a 200 day simple moving average of $35.04.

WaFd Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 4th. Investors of record on Friday, August 21st were issued a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a dividend yield of 3.7%. The ex-dividend date was Friday, August 21st. WaFd’s dividend payout ratio (DPR) is currently 34.07%.

Analyst Upgrades and Downgrades

WAFD has been the topic of a number of research reports. Zacks Research upgraded WaFd from a “hold” rating to a “strong-buy” rating in a report on Monday, October 5th. Weiss Ratings cut shares of WaFd from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday, September 3rd. DA Davidson decreased their price target on shares of WaFd from $40.00 to $37.00 and set a “neutral” rating for the company in a report on Wednesday, September 9th. Finally, Piper Sandler lowered their price objective on shares of WaFd from $36.00 to $32.00 and set a “neutral” rating on the stock in a research report on Thursday, October 1st. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $35.25.

WaFd Company Profile

WaFd, Inc is a bank holding company headquartered in Seattle, Washington, and the parent company of WaFd Bank. Founded in 1917 as Washington Federal, the company adopted the WaFd name in 2024. WaFd Bank provides banking and financial services to individuals, families, businesses and nonprofit organizations.

The bank offers deposit accounts, residential mortgage lending, home equity financing, commercial real estate loans, commercial and industrial lending, construction financing and consumer banking products.