Corient Private Wealth LP Makes New $2.64 Million Investment in WaFd, Inc. $WAFD

Corient Private Wealth LP purchased a new stake in WaFd, Inc. (NASDAQ:WAFD) during the second quarter, Holdings Channel.com reports. The institutional investor purchased 68,899 shares of the bank’s stock, valued at approximately $2,644,000.

Several other institutional investors and hedge funds also recently made changes to their positions in WAFD. Assetmark Inc. lifted its stake in shares of WaFd by 3,620.0% in the first quarter. Assetmark Inc. now owns 930 shares of the bank’s stock worth $29,000 after acquiring an additional 905 shares during the period. Northwestern Mutual Wealth Management Co. increased its position in WaFd by 42.8% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,174 shares of the bank’s stock valued at $34,000 after purchasing an additional 352 shares during the period. McIlrath & Eck LLC raised its holdings in WaFd by 57.6% during the 2nd quarter. McIlrath & Eck LLC now owns 1,327 shares of the bank’s stock worth $39,000 after purchasing an additional 485 shares during the last quarter. Danske Bank A S bought a new position in WaFd during the 3rd quarter worth approximately $51,000. Finally, EverSource Wealth Advisors LLC lifted its position in shares of WaFd by 712.4% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,901 shares of the bank’s stock worth $56,000 after purchasing an additional 1,667 shares during the period. Institutional investors and hedge funds own 83.71% of the company’s stock.

Wall Street Analyst Weigh In

WAFD has been the topic of a number of analyst reports. Zacks Research lowered shares of WaFd from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 22nd. DA Davidson boosted their target price on shares of WaFd from $38.00 to $40.00 and gave the company a “neutral” rating in a report on Monday, July 20th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of WaFd in a research report on Wednesday, August 19th. One analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $37.00.

WaFd Price Performance

Shares of WAFD opened at $35.38 on Wednesday. The firm has a market cap of $2.62 billion, a PE ratio of 11.16 and a beta of 0.83. WaFd, Inc. has a 52-week low of $26.31 and a 52-week high of $39.49. The business’s 50 day moving average price is $37.34 and its two-hundred day moving average price is $35.00. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.98 and a current ratio of 0.98.

WaFd (NASDAQ:WAFD) last announced its quarterly earnings data on Friday, July 17th. The bank reported $0.81 EPS for the quarter, missing the consensus estimate of $0.82 by ($0.01). The company had revenue of $205.52 million for the quarter, compared to analyst estimates of $199.56 million. WaFd had a return on equity of 8.98% and a net margin of 18.47%. On average, equities analysts anticipate that WaFd, Inc. will post 3.23 EPS for the current year.

WaFd Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 4th. Shareholders of record on Friday, August 21st will be paid a $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 3.1%. The ex-dividend date of this dividend is Friday, August 21st. WaFd’s payout ratio is 34.07%.

WaFd Profile

Washington Federal, Inc, doing business as WaFd Bank, is a publicly traded bank holding company headquartered in Seattle, Washington. Through its subsidiary, WaFd Bank, the company provides a range of banking and financial services to individuals, small-to-medium enterprises, and commercial clients. Established in 1917 as Ballard Savings & Loan in Seattle, the institution expanded over decades to serve customers across the Western United States under the Washington Federal name and has operated as a public company since the early 1980s.

WaFd Bank’s core offerings encompass deposit accounts such as checking, savings, money market, and certificates of deposit, alongside consumer and commercial lending products.