WaFd (NASDAQ:WAFD) Stock Rating Lowered by StockNews.com

WaFd (NASDAQ:WAFD) was downgraded by StockNews.com from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Friday.

WAFD has been the topic of several other research reports. Stephens restated an “equal weight” rating and issued a $38.00 price objective on shares of WaFd in a research note on Friday, January 17th. Keefe, Bruyette & Woods dropped their price target on WaFd from $42.00 to $34.00 and set a “market perform” rating on the stock in a research note on Tuesday, January 21st. DA Davidson downgraded WaFd from a “buy” rating to a “neutral” rating and cut their price target for the company from $35.00 to $32.00 in a report on Thursday, February 6th. Finally, Piper Sandler decreased 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. One research analyst has rated the stock with a sell rating and four have issued a hold rating to the stock. According to MarketBeat.com, WaFd has a consensus rating of “Hold” and an average price target of $33.75.

WaFd Stock Down 5.0 %

WaFd stock opened at $25.24 on Friday. The company has a debt-to-equity ratio of 1.05, a current ratio of 1.04 and a quick ratio of 1.04. The company’s 50-day moving average is $29.06 and its 200-day moving average is $32.49. The firm has a market capitalization of $2.06 billion, a PE ratio of 11.63 and a beta of 0.83. WaFd has a fifty-two week low of $24.55 and a fifty-two week high of $38.62.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. FMR LLC grew its stake in shares of WaFd by 15.4% in the third quarter. FMR LLC now owns 16,493 shares of the bank’s stock valued at $575,000 after acquiring an additional 2,204 shares in the last quarter. BNP Paribas Financial Markets boosted its holdings in WaFd by 69.3% in the 3rd quarter. BNP Paribas Financial Markets now owns 28,997 shares of the bank’s stock valued at $1,011,000 after purchasing an additional 11,868 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of WaFd by 15.0% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 15,445 shares of the bank’s stock worth $538,000 after purchasing an additional 2,018 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of WaFd by 5.9% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 157,962 shares of the bank’s stock worth $5,505,000 after purchasing an additional 8,769 shares during the period. Finally, Verition Fund Management LLC raised its position in shares of WaFd by 6.4% in the third quarter. Verition Fund Management LLC now owns 68,513 shares of the bank’s stock valued at $2,388,000 after buying an additional 4,131 shares in the last quarter. 83.71% of the stock is owned by institutional investors and hedge funds.

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.