Cornercap Investment Counsel Inc. Sells 16,295 Shares of WaFd, Inc (NASDAQ:WAFD)

Cornercap Investment Counsel Inc. trimmed its position in WaFd, Inc (NASDAQ:WAFD) by 48.0% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 17,666 shares of the bank’s stock after selling 16,295 shares during the period. Cornercap Investment Counsel Inc.’s holdings in WaFd were worth $616,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Blue Trust Inc. grew its holdings in shares of WaFd by 80.8% in the third quarter. Blue Trust Inc. now owns 1,188 shares of the bank’s stock valued at $41,000 after acquiring an additional 531 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its stake in shares of WaFd by 100.0% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,644 shares of the bank’s stock worth $47,000 after purchasing an additional 822 shares during the period. GAMMA Investing LLC boosted its holdings in shares of WaFd by 515.8% in the 3rd quarter. GAMMA Investing LLC now owns 1,558 shares of the bank’s stock worth $54,000 after buying an additional 1,305 shares during the last quarter. Covestor Ltd grew 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 buying an additional 715 shares during the period. Finally, nVerses Capital LLC purchased a new stake in WaFd during the second quarter worth about $80,000. Hedge funds and other institutional investors own 83.71% of the company’s stock.

Insider Transactions at WaFd

In other news, EVP Ryan Mauer sold 12,132 shares of the company’s stock in a transaction on Monday, November 4th. The shares were sold at an average price of $33.33, for a total value of $404,359.56. Following the transaction, the executive vice president now owns 100,376 shares of the company’s stock, valued at approximately $3,345,532.08. This represents a 10.78 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 2.25% of the company’s stock.

WaFd Stock Down 0.0 %

WAFD opened at $36.96 on Friday. The company has a 50 day moving average of $35.21 and a 200 day moving average of $32.28. The company has a current ratio of 1.08, a quick ratio of 1.09 and a debt-to-equity ratio of 1.21. WaFd, Inc has a 12 month low of $25.78 and a 12 month high of $38.58. The company has a market cap of $3.00 billion, a PE ratio of 14.90 and a beta of 0.83.

WaFd (NASDAQ:WAFD) last posted its quarterly earnings results on Thursday, October 17th. The bank reported $0.71 EPS for the quarter, topping analysts’ consensus estimates of $0.70 by $0.01. WaFd had a return on equity of 9.44% and a net margin of 13.97%. The firm had revenue of $389.98 million during the quarter, compared to analyst estimates of $190.43 million. During the same period last year, the company earned $0.72 earnings per share. On average, sell-side analysts expect that WaFd, Inc will post 2.82 EPS for the current year.

WaFd Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Friday, November 22nd will be given a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a dividend yield of 2.81%. The ex-dividend date is Friday, November 22nd. WaFd’s dividend payout ratio is presently 41.94%.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on WAFD. Piper Sandler reduced their target price on shares of WaFd from $36.00 to $35.00 and set a “neutral” rating for the company in a research report on Monday, October 21st. Keefe, Bruyette & Woods reissued a “market perform” rating and set a $40.00 price objective on shares of WaFd in a report on Monday, October 21st. StockNews.com upgraded WaFd from a “sell” rating to a “hold” rating in a research note on Tuesday. Finally, DA Davidson increased their price target on WaFd from $39.00 to $41.00 and gave the stock a “buy” rating in a research note on Monday, October 21st. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat.com, WaFd has a consensus rating of “Hold” and a consensus target price of $38.00.

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.