12,494 Shares in WaFd, Inc (NASDAQ:WAFD) Acquired by EntryPoint Capital LLC

EntryPoint Capital LLC bought a new stake in shares of WaFd, Inc (NASDAQ:WAFD) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 12,494 shares of the bank’s stock, valued at approximately $403,000.

Several other hedge funds have also made changes to their positions in WAFD. McIlrath & Eck LLC grew its holdings in WaFd by 112.7% during the 3rd quarter. McIlrath & Eck LLC now owns 1,323 shares of the bank’s stock worth $46,000 after acquiring an additional 701 shares in the last quarter. Harbour Investments Inc. boosted its stake in shares of WaFd by 29.6% during the fourth quarter. Harbour Investments Inc. now owns 1,752 shares of the bank’s stock valued at $56,000 after purchasing an additional 400 shares in the last quarter. Blue Trust Inc. increased its holdings in WaFd by 68.4% during the fourth quarter. Blue Trust Inc. now owns 2,000 shares of the bank’s stock valued at $70,000 after buying an additional 812 shares during the period. US Bancorp DE raised its stake in WaFd by 136.7% in the fourth quarter. US Bancorp DE now owns 3,638 shares of the bank’s stock worth $117,000 after buying an additional 2,101 shares in the last quarter. Finally, KBC Group NV lifted its holdings in WaFd by 34.5% during the fourth quarter. KBC Group NV now owns 3,762 shares of the bank’s stock worth $121,000 after buying an additional 965 shares during the period. 83.71% of the stock is currently owned by hedge funds and other institutional investors.

WaFd Trading Down 0.6 %

WAFD stock opened at $28.65 on Wednesday. WaFd, Inc has a 12-month low of $25.79 and a 12-month high of $38.62. The business’s 50-day moving average is $29.43 and its 200 day moving average is $32.91. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 1.05. The stock has a market cap of $2.34 billion, a price-to-earnings ratio of 13.20 and a beta of 0.83.

WaFd Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 7th. Stockholders of record on Friday, February 21st were paid a $0.27 dividend. The ex-dividend date was Friday, February 21st. This is a positive change from WaFd’s previous quarterly dividend of $0.26. This represents a $1.08 dividend on an annualized basis and a dividend yield of 3.77%. WaFd’s payout ratio is currently 49.77%.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on WAFD shares. Stephens reissued an “equal weight” rating and set a $38.00 target price on shares of WaFd in a research report on Friday, January 17th. Piper Sandler decreased their target price on shares of WaFd from $37.00 to $31.00 and set a “neutral” rating for the company in a research note on Tuesday, January 21st. StockNews.com raised shares of WaFd from a “sell” rating to a “hold” rating in a report on Thursday, March 6th. Keefe, Bruyette & Woods lowered their target price on shares of WaFd from $42.00 to $34.00 and set a “market perform” rating on the stock in a research note on Tuesday, January 21st. Finally, DA Davidson cut WaFd from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $35.00 to $32.00 in a report on Thursday, February 6th. Five investment analysts have rated the stock with a hold rating, According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $33.75.

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.