WaFd (NASDAQ:WAFD – Get Free Report)‘s stock had its “equal weight” rating restated by analysts at Stephens in a research report issued on Tuesday, Benzinga reports. They presently have a $32.00 target price on the bank’s stock. Stephens’ target price would indicate a potential upside of 14.49% from the stock’s current price.
WAFD has been the subject of a number of other reports. Keefe, Bruyette & Woods decreased their price objective on WaFd from $37.00 to $35.00 and set an “outperform” rating for the company in a research report on Thursday, January 18th. StockNews.com downgraded WaFd from a “hold” rating to a “sell” rating in a research note on Thursday, March 21st. Finally, DA Davidson reissued a “buy” rating and set a $35.00 target price on shares of WaFd in a research note on Thursday, April 11th.
Check Out Our Latest Stock Analysis on WaFd
WaFd Stock Performance
Hedge Funds Weigh In On WaFd
Several institutional investors have recently added to or reduced their stakes in WAFD. Headlands Technologies LLC purchased a new stake in WaFd during the third quarter worth approximately $35,000. EMC Capital Management grew its stake in shares of WaFd by 90.2% during the third quarter. EMC Capital Management now owns 4,184 shares of the bank’s stock valued at $107,000 after acquiring an additional 1,984 shares in the last quarter. Covestor Ltd grew its stake in WaFd by 22.6% during the 3rd quarter. Covestor Ltd now owns 7,489 shares of the bank’s stock valued at $192,000 after purchasing an additional 1,383 shares in the last quarter. DekaBank Deutsche Girozentrale acquired a new stake in shares of WaFd during the fourth quarter worth approximately $201,000. Finally, Diversified Trust Co bought a new stake in shares of WaFd in the fourth quarter worth $221,000. 83.71% of the stock is currently owned by institutional investors and hedge funds.
About WaFd
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.
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