WaFd (NASDAQ:WAFD - Get Free Report) had its price objective upped by investment analysts at DA Davidson from $39.00 to $41.00 in a research note issued on Monday, Benzinga reports. The brokerage currently has a "buy" rating on the bank's stock. DA Davidson's price objective would suggest a potential upside of 21.05% from the stock's current price.
Other analysts also recently issued research reports about the company. Keefe, Bruyette & Woods reaffirmed a "market perform" rating and set a $40.00 price objective on shares of WaFd in a research note on Monday. Stephens lifted their price objective on WaFd from $32.00 to $36.00 and gave the company an "equal weight" rating in a report on Thursday, July 18th. Finally, StockNews.com downgraded shares of WaFd from a "hold" rating to a "sell" rating in a research report on Thursday, October 3rd. One analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $37.00.
View Our Latest Research Report on WaFd
Shares of NASDAQ:WAFD traded down $2.30 during midday trading on Monday, hitting $33.87. The company had a trading volume of 160,747 shares, compared to its average volume of 444,078. The firm has a fifty day simple moving average of $35.28 and a 200 day simple moving average of $31.32. The stock has a market cap of $2.75 billion, a price-to-earnings ratio of 13.66 and a beta of 0.83. The company has a current ratio of 1.11, a quick ratio of 1.09 and a debt-to-equity ratio of 1.52. WaFd has a 12 month low of $23.36 and a 12 month high of $37.49.
WaFd (NASDAQ:WAFD - Get Free Report) last released its quarterly earnings data on Thursday, October 17th. The bank reported $0.71 earnings per share for the quarter, topping the consensus estimate of $0.70 by $0.01. WaFd had a net margin of 13.97% and a return on equity of 9.65%. The business had revenue of $389.98 million for the quarter, compared to analyst estimates of $190.43 million. During the same quarter last year, the firm earned $0.72 EPS. On average, analysts predict that WaFd will post 3.06 EPS for the current year.
Large investors have recently made changes to their positions in the stock. PNC Financial Services Group Inc. raised its position in WaFd by 5.8% during the fourth quarter. PNC Financial Services Group Inc. now owns 12,054 shares of the bank's stock worth $397,000 after acquiring an additional 661 shares in the last quarter. Hennessy Advisors Inc. raised its holdings in shares of WaFd by 1.0% in the 1st quarter. Hennessy Advisors Inc. now owns 101,000 shares of the bank's stock valued at $2,932,000 after purchasing an additional 1,000 shares during the period. Hennion & Walsh Asset Management Inc. lifted its stake in WaFd by 15.7% in the 1st quarter. Hennion & Walsh Asset Management Inc. now owns 14,194 shares of the bank's stock valued at $412,000 after purchasing an additional 1,928 shares during the last quarter. Talbot Financial LLC grew its holdings in WaFd by 4.3% during the first quarter. Talbot Financial LLC now owns 74,298 shares of the bank's stock worth $2,157,000 after purchasing an additional 3,034 shares during the period. Finally, State of Alaska Department of Revenue increased its position in WaFd by 3.9% during the first quarter. State of Alaska Department of Revenue now owns 41,382 shares of the bank's stock worth $1,201,000 after buying an additional 1,555 shares during the last quarter. Institutional investors and hedge funds own 83.71% of the company's stock.
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.
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