WaFd, Inc. (NASDAQ:WAFD) Stock Has Consensus Price Target of $35.25 According to Brokerages

WaFd, Inc. (NASDAQ:WAFD) has received an average rating of “Hold” from the five ratings firms that are presently covering the company, Marketbeat Ratings reports. Four investment analysts have rated the stock with a hold recommendation and one has given a strong buy recommendation to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $32.50.

Several analysts have recently commented on the company. Keefe, Bruyette & Woods decreased their target price on WaFd from $40.00 to $34.00 and set a “market perform” rating on the stock in a report on Monday. Weiss Ratings lowered WaFd from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday. DA Davidson set a $31.00 price target on WaFd in a report on Monday. Zacks Research upgraded shares of WaFd from a “hold” rating to a “strong-buy” rating in a research report on Monday, October 5th. Finally, Piper Sandler reduced their price target on shares of WaFd from $32.00 to $31.00 and set a “neutral” rating on the stock in a research report on Monday.

Hedge Funds Weigh In On WaFd

A number of large investors have recently modified their holdings of the stock. Integrated Wealth Concepts LLC acquired a new stake in shares of WaFd during the 2nd quarter worth approximately $26,000. Assetmark Inc. lifted its holdings in WaFd by 3,620.0% in the first quarter. Assetmark Inc. now owns 930 shares of the bank’s stock valued at $29,000 after buying an additional 905 shares during the period. Nykredit A S acquired a new position in WaFd in the second quarter valued at approximately $52,000. iSAM Funds UK Ltd bought a new position in WaFd in the second quarter valued at approximately $230,000. Finally, Empirical Asset Management LLC bought a new position in WaFd in the second quarter valued at approximately $245,000. 83.71% of the stock is currently owned by institutional investors and hedge funds.

WaFd Stock Down 2.5%

Shares of WAFD opened at $28.42 on Tuesday. The company has a market capitalization of $2.10 billion, a P/E ratio of 9.00 and a beta of 0.89. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.98 and a quick ratio of 0.98. WaFd has a one year low of $27.91 and a one year high of $39.49. The business’s 50 day simple moving average is $33.32 and its 200-day simple moving average is $35.00.

WaFd (NASDAQ:WAFD) last released its quarterly earnings results on Thursday, October 15th. The bank reported $0.85 earnings per share for the quarter, beating analysts’ consensus estimates of $0.84 by $0.01. WaFd had a return on equity of 9.36% and a net margin of 18.04%. The firm had revenue of $220.44 million during the quarter, compared to analysts’ expectations of $203.66 million. As a group, sell-side analysts predict that WaFd will post 3.52 EPS for the current fiscal year.

WaFd Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, September 4th. Shareholders of record on Friday, August 21st were paid a $0.27 dividend. The ex-dividend date of this dividend was Friday, August 21st. This represents a $1.08 dividend on an annualized basis and a dividend yield of 3.8%. WaFd’s payout ratio is currently 33.64%.

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.