WaFd (NASDAQ:WAFD) CEO Brent Beardall Buys 3,000 Shares

WaFd, Inc. (NASDAQ:WAFD) CEO Brent Beardall acquired 3,000 shares of the stock in a transaction dated Wednesday, December 3rd. The shares were bought at an average cost of $16.85 per share, for a total transaction of $50,550.00. Following the acquisition, the chief executive officer owned 6,000 shares in the company, valued at $101,100. The trade was a 100.00% increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website.

WaFd Trading Up 0.0%

Shares of WAFD stock opened at $32.15 on Thursday. The company has a market cap of $2.47 billion, a PE ratio of 12.15 and a beta of 0.87. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.64. WaFd, Inc. has a 12 month low of $23.75 and a 12 month high of $36.65. The business’s 50 day moving average is $30.15 and its two-hundred day moving average is $30.06.

WaFd (NASDAQ:WAFD) last posted its quarterly earnings data on Tuesday, October 28th. The bank reported $0.72 EPS for the quarter. WaFd had a return on equity of 8.40% and a net margin of 16.02%.The business had revenue of $187.62 million for the quarter. Equities analysts predict that WaFd, Inc. will post 2.56 EPS for the current year.

WaFd Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 5th. Stockholders of record on Friday, November 21st will be issued a dividend of $0.27 per share. The ex-dividend date is Friday, November 21st. This represents a $1.08 dividend on an annualized basis and a dividend yield of 3.4%. WaFd’s payout ratio is 40.91%.

Wall Street Analyst Weigh In

WAFD has been the topic of several research analyst reports. Keefe, Bruyette & Woods lowered their price objective on shares of WaFd from $32.00 to $31.00 and set a “market perform” rating on the stock in a research note on Monday, October 20th. Wall Street Zen downgraded shares of WaFd from a “hold” rating to a “sell” rating in a report on Saturday, October 18th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of WaFd in a report on Wednesday, October 8th. Five investment analysts have rated the stock with a Hold rating, According to MarketBeat.com, WaFd currently has a consensus rating of “Hold” and an average target price of $32.00.

Institutional Investors Weigh In On WaFd

A number of institutional investors have recently bought and sold shares of the business. CIBC Bancorp USA Inc. acquired a new position in shares of WaFd in the 3rd quarter valued at $255,000. Danske Bank A S bought a new stake in WaFd in the third quarter valued at about $51,000. Dark Forest Capital Management LP raised its position in WaFd by 7.0% in the third quarter. Dark Forest Capital Management LP now owns 119,208 shares of the bank’s stock worth $3,611,000 after purchasing an additional 7,761 shares in the last quarter. Verition Fund Management LLC lifted its stake in WaFd by 10.5% during the third quarter. Verition Fund Management LLC now owns 54,304 shares of the bank’s stock worth $1,645,000 after purchasing an additional 5,148 shares during the period. Finally, Millennium Management LLC lifted its stake in WaFd by 1,533.5% during the third quarter. Millennium Management LLC now owns 146,578 shares of the bank’s stock worth $4,440,000 after purchasing an additional 137,605 shares during the period. Institutional investors and hedge funds own 83.71% of the company’s stock.

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.