Zacks Research Has Bullish Forecast for WaFd Q3 Earnings

by · The Markets Daily

WaFd, Inc. (NASDAQ:WAFD – Free Report) – Stock analysts at Zacks Research boosted their Q3 2027 earnings per share estimates for WaFd in a note issued to investors on Thursday, August 6th. Zacks Research analyst Team now expects that the bank will earn $0.84 per share for the quarter, up from their previous estimate of $0.83. Zacks Research has a “Hold” rating on the stock. The consensus estimate for WaFd’s current full-year earnings is $3.21 per share.

WAFD has been the subject of a number of other research reports. Weiss Ratings upgraded shares of WaFd from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, May 22nd. DA Davidson increased their price target on shares of WaFd from $38.00 to $40.00 and gave the company a “neutral” rating in a research report on Monday, July 20th. Keefe, Bruyette & Woods raised their price objective on shares of WaFd from $35.00 to $38.00 and gave the stock a “market perform” rating in a research note on Monday, April 20th. Finally, Piper Sandler lifted their price objective on WaFd from $30.50 to $36.00 and gave the stock a “neutral” rating in a research report on Monday, April 20th. One equities research analyst has rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $37.00.

Read Our Latest Analysis on WAFD

WaFd Price Performance

Shares of NASDAQ WAFD opened at $38.06 on Monday. The stock has a market cap of $2.82 billion, a price-to-earnings ratio of 12.01 and a beta of 0.84. WaFd has a 52 week low of $26.31 and a 52 week high of $39.49. The company’s 50-day moving average price is $37.22 and its 200 day moving average price is $34.59. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 1.20.

WaFd (NASDAQ:WAFD – Get Free Report) last released its quarterly earnings results on Friday, July 17th. The bank reported $0.81 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.82 by ($0.01). WaFd had a return on equity of 8.98% and a net margin of 18.47%.The firm had revenue of $205.52 million for the quarter, compared to analyst estimates of $199.56 million.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. Assetmark Inc. lifted its holdings in WaFd by 3,620.0% in the 1st quarter. Assetmark Inc. now owns 930 shares of the bank’s stock valued at $29,000 after purchasing an additional 905 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its holdings in shares of WaFd by 42.8% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,174 shares of the bank’s stock worth $34,000 after buying an additional 352 shares in the last quarter. McIlrath & Eck LLC raised its position in shares of WaFd by 57.6% in the second quarter. McIlrath & Eck LLC now owns 1,327 shares of the bank’s stock valued at $39,000 after buying an additional 485 shares during the last quarter. Danske Bank A S acquired a new position in shares of WaFd in the third quarter valued at approximately $51,000. Finally, EverSource Wealth Advisors LLC lifted its stake in shares of WaFd by 712.4% during the second quarter. EverSource Wealth Advisors LLC now owns 1,901 shares of the bank’s stock valued at $56,000 after buying an additional 1,667 shares during the period. Institutional investors and hedge funds own 83.71% of the company’s stock.

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.

Further Reading