85,120 WaFd, Inc. $WAFD Shares Acquired by ProShare Advisors LLC

ProShare Advisors LLC lifted its stake in shares of WaFd, Inc. (NASDAQ:WAFD) by 44.1% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 278,026 shares of the bank’s stock after acquiring an additional 85,120 shares during the period. ProShare Advisors LLC’s holdings in WaFd were worth $8,321,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Nisa Investment Advisors LLC grew its holdings in shares of WaFd by 10.0% in the third quarter. Nisa Investment Advisors LLC now owns 4,585 shares of the bank’s stock valued at $137,000 after purchasing an additional 418 shares during the period. Congress Asset Management Co. increased its position in WaFd by 21.6% during the third quarter. Congress Asset Management Co. now owns 338,027 shares of the bank’s stock worth $10,117,000 after purchasing an additional 60,135 shares during the last quarter. Integrated Wealth Concepts LLC acquired a new position in WaFd in the 2nd quarter valued at about $26,000. Squarepoint Ops LLC purchased a new stake in shares of WaFd in the 2nd quarter valued at approximately $308,000. Finally, Nykredit A S purchased a new stake in shares of WaFd in the 2nd quarter valued at approximately $52,000. Institutional investors and hedge funds own 83.71% of the company’s stock.

Wall Street Analysts Forecast Growth

WAFD has been the topic of several analyst reports. 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, October 19th. DA Davidson set a $31.00 target price on WaFd in a research report on Monday, October 19th. Weiss Ratings cut WaFd from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, October 19th. Keefe, Bruyette & Woods lowered their price target on WaFd from $40.00 to $34.00 and set a “market perform” rating for the company in a report on Monday, October 19th. Finally, Zacks Research upgraded shares of WaFd from a “hold” rating to a “strong-buy” rating in a report on Monday, October 5th. One equities research analyst has rated the stock with a Strong Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $32.50.

WaFd Stock Up 1.2%

WaFd stock opened at $30.13 on Thursday. The company has a market capitalization of $2.23 billion, a PE ratio of 9.19 and a beta of 0.90. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.92 and a current ratio of 0.94. WaFd, Inc. has a fifty-two week low of $28.10 and a fifty-two week high of $39.49. The firm has a 50 day moving average price of $31.47 and a 200 day moving average price of $33.89.

WaFd (NASDAQ:WAFD) last released its quarterly earnings results on Thursday, October 15th. The bank reported $0.85 EPS for the quarter, topping analysts’ consensus estimates of $0.84 by $0.01. WaFd had a return on equity of 9.37% and a net margin of 18.04%. The company had revenue of $220.44 million for the quarter, compared to analysts’ expectations of $203.66 million. Research analysts expect that WaFd, Inc. will post 3.34 earnings per share for the current year.

WaFd Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, September 4th. Shareholders of record on Friday, August 21st were given 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 yield of 3.6%. WaFd’s dividend payout ratio (DPR) is currently 33.64%.

WaFd Profile

WaFd, Inc (NASDAQ: WAFD) is the parent company of WaFd Bank, a regional financial institution that provides banking and lending services to individuals, families, businesses and real estate investors. The bank offers deposit accounts, checking and savings products, residential mortgages, home equity loans, commercial real estate financing, business loans and construction lending.

WaFd Bank also provides treasury management and cash-management services for businesses, along with personal and commercial banking solutions through its branch network and digital banking platforms.