StockNews.com Downgrades WaFd (NASDAQ:WAFD) to Sell

WaFd (NASDAQ:WAFD) was downgraded by equities research analysts at StockNews.com from a “hold” rating to a “sell” rating in a note issued to investors on Tuesday.

Several other research firms have also issued reports on WAFD. Keefe, Bruyette & Woods cut their price target on shares of WaFd from $42.00 to $34.00 and set a “market perform” rating on the stock in a report on Tuesday, January 21st. Stephens reaffirmed an “equal weight” rating and issued a $38.00 price target on shares of WaFd in a report on Friday, January 17th. Piper Sandler dropped their price objective on shares of WaFd from $37.00 to $31.00 and set a “neutral” rating on the stock in a report on Tuesday, January 21st. Finally, DA Davidson lowered shares of WaFd from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $35.00 to $32.00 in a report on Thursday, February 6th. One equities research analyst has rated the stock with a sell rating and four have issued a hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $33.75.

WaFd Stock Up 1.5 %

NASDAQ WAFD traded up $0.43 on Tuesday, hitting $29.81. The stock had a trading volume of 662,858 shares, compared to its average volume of 523,638. The business’s fifty day moving average price is $30.96 and its 200 day moving average price is $33.90. The company has a debt-to-equity ratio of 1.05, a current ratio of 1.04 and a quick ratio of 1.04. WaFd has a 52-week low of $25.78 and a 52-week high of $38.62. The stock has a market cap of $2.43 billion, a price-to-earnings ratio of 13.74 and a beta of 0.85.

Institutional Investors Weigh In On WaFd

A number of large investors have recently made changes to their positions in WAFD. Aster Capital Management DIFC Ltd lifted its position in WaFd by 983.5% during the fourth quarter. Aster Capital Management DIFC Ltd now owns 1,116 shares of the bank’s stock valued at $36,000 after purchasing an additional 1,013 shares during the period. Blue Trust Inc. lifted its position in WaFd by 80.8% during the third quarter. Blue Trust Inc. now owns 1,188 shares of the bank’s stock valued at $41,000 after purchasing an additional 531 shares during the period. McIlrath & Eck LLC lifted its position in WaFd by 112.7% during the third quarter. McIlrath & Eck LLC now owns 1,323 shares of the bank’s stock valued at $46,000 after purchasing an additional 701 shares during the period. Harbour Investments Inc. lifted its position in 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 during the period. Finally, Covestor Ltd lifted its position in WaFd by 60.1% during the third quarter. Covestor Ltd now owns 1,904 shares of the bank’s stock valued at $66,000 after purchasing an additional 715 shares during the period. 83.71% of the stock is owned by hedge funds and other institutional investors.

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.