WaFd, Inc Expected to Earn FY2025 Earnings of $3.20 Per Share (NASDAQ:WAFD)

WaFd, Inc (NASDAQ:WAFD) – Investment analysts at DA Davidson decreased their FY2025 earnings per share estimates for shares of WaFd in a report issued on Wednesday, April 24th. DA Davidson analyst J. Rulis now forecasts that the bank will post earnings per share of $3.20 for the year, down from their previous estimate of $3.65. DA Davidson has a “Buy” rating and a $35.00 price objective on the stock. The consensus estimate for WaFd’s current full-year earnings is $2.58 per share.

Other equities analysts have also recently issued reports about the company. Stephens restated an “equal weight” rating and set a $32.00 price objective on shares of WaFd in a research note on Tuesday. StockNews.com lowered WaFd from a “hold” rating to a “sell” rating in a research report on Thursday, March 21st. Finally, Keefe, Bruyette & Woods decreased their target price on WaFd from $37.00 to $35.00 and set an “outperform” rating for the company in a research report on Thursday, January 18th.

WaFd Stock Up 0.9 %

NASDAQ:WAFD traded up $0.24 during trading hours on Friday, hitting $28.16. 13,915 shares of the company traded hands, compared to its average volume of 363,969. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 1.80. The firm’s 50-day simple moving average is $27.76 and its 200-day simple moving average is $28.32. WaFd has a one year low of $23.36 and a one year high of $34.07. The company has a market cap of $1.82 billion, a PE ratio of 10.62 and a beta of 0.85.

WaFd Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 8th. Stockholders of record on Friday, February 23rd were given a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 3.69%. The ex-dividend date was Thursday, February 22nd. This is an increase from WaFd’s previous quarterly dividend of $0.25. WaFd’s dividend payout ratio (DPR) is 39.54%.

Institutional Trading of WaFd

A number of hedge funds have recently bought and sold shares of WAFD. Foundry Partners LLC purchased a new position in WaFd in the 4th quarter worth approximately $4,035,000. Empirical Financial Services LLC d.b.a. Empirical Wealth Management purchased a new position in shares of WaFd during the third quarter valued at approximately $226,000. FMR LLC increased its stake in shares of WaFd by 2.0% during the third quarter. FMR LLC now owns 120,314 shares of the bank’s stock valued at $3,082,000 after buying an additional 2,304 shares during the period. Panagora Asset Management Inc. purchased a new position in shares of WaFd during the third quarter valued at approximately $3,732,000. Finally, Louisiana State Employees Retirement System purchased a new position in shares of WaFd during the fourth quarter valued at approximately $1,068,000. Institutional investors 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.