WaFd, Inc (NASDAQ:WAFD) Declares $0.26 Quarterly Dividend

WaFd, Inc (NASDAQ:WAFD) declared a quarterly dividend on Tuesday, November 12th,Wall Street Journal reports. Shareholders of record on Friday, November 22nd will be paid a dividend of 0.26 per share by the bank on Friday, December 6th. This represents a $1.04 dividend on an annualized basis and a yield of 2.90%. The ex-dividend date is Friday, November 22nd.

WaFd has increased its dividend by an average of 4.4% annually over the last three years and has increased its dividend annually for the last 14 consecutive years. WaFd has a payout ratio of 36.6% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect WaFd to earn $3.23 per share next year, which means the company should continue to be able to cover its $1.04 annual dividend with an expected future payout ratio of 32.2%.

WaFd Stock Down 0.1 %

WAFD stock opened at $35.92 on Thursday. WaFd has a 1-year low of $25.78 and a 1-year high of $38.58. The business’s 50 day simple moving average is $35.25 and its 200 day simple moving average is $32.52. The company has a current ratio of 1.08, a quick ratio of 1.09 and a debt-to-equity ratio of 1.21. The firm has a market capitalization of $2.92 billion, a PE ratio of 14.48 and a beta of 0.83.

WaFd (NASDAQ:WAFD) last released its quarterly earnings data on Thursday, October 17th. The bank reported $0.71 EPS for the quarter, beating the consensus estimate of $0.70 by $0.01. The firm had revenue of $389.98 million for the quarter, compared to the consensus estimate of $190.43 million. WaFd had a net margin of 13.97% and a return on equity of 9.44%. During the same period in the previous year, the company earned $0.72 earnings per share. As a group, research analysts anticipate that WaFd will post 2.82 EPS for the current year.

Insider Buying and Selling

In other news, EVP Ryan Mauer sold 12,132 shares of the business’s stock in a transaction dated Monday, November 4th. The stock was sold at an average price of $33.33, for a total transaction of $404,359.56. Following the sale, the executive vice president now directly owns 100,376 shares in the company, valued at approximately $3,345,532.08. The trade was a 10.78 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 2.25% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on WAFD shares. Keefe, Bruyette & Woods reiterated a “market perform” rating and issued a $40.00 price target on shares of WaFd in a research note on Monday, October 21st. StockNews.com raised WaFd from a “sell” rating to a “hold” rating in a research note on Tuesday, November 12th. Piper Sandler reduced their price objective on shares of WaFd from $36.00 to $35.00 and set a “neutral” rating on the stock in a research note on Monday, October 21st. Finally, DA Davidson boosted their target price on shares of WaFd from $39.00 to $41.00 and gave the company a “buy” rating in a research report on Monday, October 21st. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, WaFd currently has an average rating of “Hold” and a consensus target price of $38.00.

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.