WaFd, Inc. (NASDAQ:WAFD) Plans Quarterly Dividend of $0.27

by · The Markets Daily

WaFd, Inc. (NASDAQ:WAFD – Get Free Report) announced a quarterly dividend on Tuesday, February 3rd. Shareholders of record on Friday, February 13th will be given a dividend of 0.27 per share by the bank on Friday, February 27th. This represents a c) dividend on an annualized basis and a yield of 3.2%. The ex-dividend date of this dividend is Friday, February 13th.

WaFd has increased its dividend payment by an average of 0.0%per year over the last three years and has raised its dividend annually for the last 2 consecutive years. WaFd has a dividend payout ratio of 35.8% meaning its dividend is sufficiently covered by earnings. Equities analysts expect WaFd to earn $2.91 per share next year, which means the company should continue to be able to cover its $1.08 annual dividend with an expected future payout ratio of 37.1%.

WaFd Trading Up 2.6%

Shares of WAFD traded up $0.86 during trading on Wednesday, reaching $34.18. 192,340 shares of the company traded hands, compared to its average volume of 568,685. WaFd has a twelve month low of $23.75 and a twelve month high of $34.29. The company has a quick ratio of 0.96, a current ratio of 0.95 and a debt-to-equity ratio of 0.89. The stock has a 50-day simple moving average of $32.62 and a 200-day simple moving average of $31.13. The stock has a market cap of $2.61 billion, a PE ratio of 11.83 and a beta of 0.86.

WaFd (NASDAQ:WAFD – Get Free Report) last issued its quarterly earnings results on Friday, January 16th. The bank reported $0.75 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.76 by ($0.01). WaFd had a return on equity of 8.67% and a net margin of 17.45%.The business had revenue of $188.32 million for the quarter, compared to analyst estimates of $193.36 million. On average, analysts anticipate that WaFd will post 2.56 earnings per share for the current year.

Insider Transactions at WaFd

In other news, CEO Brent J. Beardall acquired 3,000 shares of WaFd stock in a transaction that occurred on Wednesday, December 3rd. The stock was purchased at an average price of $16.85 per share, for a total transaction of $50,550.00. Following the completion of the transaction, the chief executive officer directly owned 6,000 shares in the company, valued at approximately $101,100. This trade represents a 100.00% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 1.49% of the stock is owned by corporate insiders.

Institutional Trading of WaFd

Several hedge funds have recently modified their holdings of WAFD. Y Intercept Hong Kong Ltd increased its position in shares of WaFd by 546.8% in the third quarter. Y Intercept Hong Kong Ltd now owns 61,036 shares of the bank’s stock valued at $1,849,000 after buying an additional 51,600 shares in the last quarter. AlphaCore Capital LLC grew its stake in WaFd by 99.9% in the 2nd quarter. AlphaCore Capital LLC now owns 33,571 shares of the bank’s stock valued at $983,000 after acquiring an additional 16,780 shares during the last quarter. Arrowstreet Capital Limited Partnership purchased a new position in WaFd during the 2nd quarter valued at about $7,666,000. Versor Investments LP acquired a new position in WaFd during the second quarter worth about $293,000. Finally, Norges Bank purchased a new stake in shares of WaFd in the second quarter valued at about $2,052,000. 83.71% of the stock is owned by institutional investors and hedge funds.

About WaFd

(Get Free Report)

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.

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