Deutsche Bank AG Buys New Stake in WaFd, Inc. $WAFD

Deutsche Bank AG bought a new position in WaFd, Inc. (NASDAQ:WAFD) during the 2nd quarter, Holdings Channel reports. The fund bought 78,577 shares of the bank’s stock, valued at approximately $3,015,000.

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

WaFd Stock Up 0.0%

Shares of WAFD stock opened at $36.22 on Thursday. WaFd, Inc. has a one year low of $26.31 and a one year high of $39.49. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.98 and a quick ratio of 0.98. The stock has a fifty day moving average price of $37.41 and a 200 day moving average price of $34.93. The stock has a market cap of $2.68 billion, a P/E ratio of 11.43 and a beta of 0.84.

WaFd (NASDAQ:WAFD) last announced its quarterly earnings results on Friday, July 17th. The bank reported $0.81 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.82 by ($0.01). WaFd had a net margin of 18.47% and a return on equity of 8.98%. The business had revenue of $205.52 million during the quarter, compared to the consensus estimate of $199.56 million. Analysts predict that WaFd, Inc. will post 3.21 earnings per share for the current year.

WaFd Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 4th. Stockholders of record on Friday, August 21st will be given a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a dividend yield of 3.0%. The ex-dividend date is Friday, August 21st. WaFd’s payout ratio is 34.07%.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on WAFD. Weiss Ratings reaffirmed a “buy (b)” rating on shares of WaFd in a research report on Wednesday, August 19th. Zacks Research lowered shares of WaFd from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 22nd. Finally, DA Davidson upped their price objective on shares of WaFd from $38.00 to $40.00 and gave the company a “neutral” rating in a research report on Monday, July 20th. One research analyst has rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, WaFd has an average rating of “Hold” and a consensus target price of $37.00.

About WaFd

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.