WaFd (NASDAQ:WAFD) Shares Gap Down to $28.11

Shares of WaFd, Inc (NASDAQ:WAFD) gapped down prior to trading on Tuesday . The stock had previously closed at $28.11, but opened at $27.28. WaFd shares last traded at $28.69, with a volume of 29,125 shares traded.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the stock. StockNews.com cut shares of WaFd from a “hold” rating to a “sell” rating in a research report on Thursday, March 21st. DA Davidson reaffirmed a “buy” rating and set a $35.00 target price on shares of WaFd in a report on Thursday, April 11th. Stephens reaffirmed an “equal weight” rating and set a $32.00 target price on shares of WaFd in a report on Tuesday. Finally, Keefe, Bruyette & Woods lowered their target price on shares of WaFd from $37.00 to $35.00 and set an “outperform” rating for the company in a report on Thursday, January 18th.

WaFd Stock Performance

The stock’s 50 day moving average is $27.75 and its two-hundred day moving average is $28.31. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 1.80. The stock has a market capitalization of $1.84 billion, a price-to-earnings ratio of 8.20 and a beta of 0.85.

WaFd Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 8th. Shareholders of record on Friday, February 23rd were given a dividend of $0.26 per share. The ex-dividend date was Thursday, February 22nd. This is a boost from WaFd’s previous quarterly dividend of $0.25. This represents a $1.04 annualized dividend and a yield of 3.66%. WaFd’s payout ratio is 30.50%.

Institutional Investors Weigh In On WaFd

A number of institutional investors and hedge funds have recently modified their holdings of WAFD. Headlands Technologies LLC bought a new stake in shares of WaFd in the 3rd quarter valued at about $35,000. EMC Capital Management raised its holdings in shares of WaFd by 90.2% in the 3rd quarter. EMC Capital Management now owns 4,184 shares of the bank’s stock valued at $107,000 after purchasing an additional 1,984 shares during the period. Covestor Ltd raised its holdings in shares of WaFd by 22.6% in 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 during the period. DekaBank Deutsche Girozentrale bought a new stake in shares of WaFd in the 4th quarter valued at about $201,000. Finally, Diversified Trust Co bought a new stake in shares of WaFd in the 4th quarter valued at about $221,000. 83.71% of the stock is owned by institutional investors.

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.