Q3 2024 EPS Estimates for WaFd, Inc (NASDAQ:WAFD) Decreased by Zacks Research

WaFd, Inc (NASDAQ:WAFD) – Analysts at Zacks Research reduced their Q3 2024 earnings per share (EPS) estimates for WaFd in a report released on Monday, June 24th. Zacks Research analyst S. Shah now forecasts that the bank will earn $0.59 per share for the quarter, down from their prior forecast of $0.61. The consensus estimate for WaFd’s current full-year earnings is $2.79 per share. Zacks Research also issued estimates for WaFd’s Q4 2024 earnings at $0.64 EPS, Q2 2025 earnings at $0.69 EPS and Q1 2026 earnings at $0.91 EPS.

A number of other brokerages have also issued reports on WAFD. Stephens reissued an “equal weight” rating and issued a $32.00 price target on shares of WaFd in a research note on Tuesday, April 23rd. DA Davidson restated a “buy” rating and set a $35.00 price objective on shares of WaFd in a report on Thursday, April 11th. StockNews.com downgraded WaFd from a “hold” rating to a “sell” rating in a report on Thursday, March 21st. Finally, Piper Sandler boosted their price target on WaFd from $29.00 to $31.00 and gave the company a “neutral” rating in a report on Monday, May 20th. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $33.25.

WaFd Stock Up 2.3 %

Shares of NASDAQ:WAFD opened at $27.54 on Wednesday. The stock’s fifty day simple moving average is $27.72 and its 200-day simple moving average is $28.71. The company has a quick ratio of 1.03, a current ratio of 1.17 and a debt-to-equity ratio of 2.07. WaFd has a 52-week low of $23.36 and a 52-week high of $34.07. The company has a market capitalization of $2.24 billion, a P/E ratio of 10.47 and a beta of 0.85.

WaFd (NASDAQ:WAFD) last announced its quarterly earnings data on Monday, April 22nd. The bank reported $0.73 earnings per share for the quarter, topping analysts’ consensus estimates of $0.31 by $0.42. The firm had revenue of $171.99 million for the quarter, compared to analyst estimates of $170.74 million. WaFd had a return on equity of 10.02% and a net margin of 15.33%. WaFd’s quarterly revenue was down 7.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.95 earnings per share.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its holdings in shares of WaFd by 1.6% in the first quarter. Vanguard Group Inc. now owns 7,902,461 shares of the bank’s stock valued at $229,408,000 after buying an additional 125,020 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of WaFd by 2.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 5,261,777 shares of the bank’s stock valued at $173,430,000 after buying an additional 123,575 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in shares of WaFd by 7.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,030,035 shares of the bank’s stock valued at $33,950,000 after buying an additional 73,345 shares during the period. American Century Companies Inc. lifted its holdings in shares of WaFd by 12.6% in the third quarter. American Century Companies Inc. now owns 699,766 shares of the bank’s stock valued at $17,928,000 after buying an additional 78,457 shares during the period. Finally, Clearbridge Investments LLC lifted its holdings in shares of WaFd by 2.2% in the first quarter. Clearbridge Investments LLC now owns 606,140 shares of the bank’s stock valued at $17,596,000 after buying an additional 12,910 shares during the period. Institutional investors and hedge funds own 83.71% of the company’s stock.

WaFd Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, June 7th. Shareholders of record on Friday, May 24th were given a dividend of $0.26 per share. The ex-dividend date was Thursday, May 23rd. This represents a $1.04 dividend on an annualized basis and a yield of 3.78%. WaFd’s dividend payout ratio (DPR) is presently 39.54%.

About WaFd

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.