Empowered Funds LLC Buys 10,850 Shares of WaFd, Inc (NASDAQ:WAFD)

Empowered Funds LLC lifted its stake in WaFd, Inc (NASDAQ:WAFD) by 5.1% in the 4th quarter, HoldingsChannel reports. The fund owned 223,191 shares of the bank’s stock after purchasing an additional 10,850 shares during the quarter. Empowered Funds LLC’s holdings in WaFd were worth $7,196,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the stock. Cooper Financial Group raised its holdings in WaFd by 3.2% in the fourth quarter. Cooper Financial Group now owns 11,134 shares of the bank’s stock worth $359,000 after purchasing an additional 345 shares in the last quarter. D.A. Davidson & CO. grew its position in shares of WaFd by 1.1% in the 3rd quarter. D.A. Davidson & CO. now owns 41,400 shares of the bank’s stock worth $1,443,000 after buying an additional 437 shares during the last quarter. Blue Trust Inc. raised its stake in shares of WaFd by 80.8% during the 3rd quarter. Blue Trust Inc. now owns 1,188 shares of the bank’s stock worth $41,000 after acquiring an additional 531 shares in the last quarter. 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 acquiring an additional 701 shares during the last quarter. Finally, Covestor Ltd boosted its stake in WaFd by 60.1% in the third quarter. Covestor Ltd now owns 1,904 shares of the bank’s stock valued at $66,000 after acquiring an additional 715 shares in the last quarter. 83.71% of the stock is currently owned by hedge funds and other institutional investors.

WaFd Stock Down 0.5 %

Shares of WAFD stock opened at $29.94 on Tuesday. WaFd, Inc has a fifty-two week low of $25.78 and a fifty-two week high of $38.62. The firm has a market capitalization of $2.44 billion, a PE ratio of 13.80 and a beta of 0.85. The company has a debt-to-equity ratio of 1.05, a quick ratio of 1.08 and a current ratio of 1.04. The stock’s 50-day simple moving average is $32.28 and its 200-day simple moving average is $34.23.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the company. StockNews.com raised WaFd from a “sell” rating to a “hold” rating in a research report on Tuesday, November 12th. Stephens reiterated an “equal weight” rating and issued a $38.00 price target on shares of WaFd in a research note on Friday, January 17th. DA Davidson lowered WaFd from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $35.00 to $32.00 in a research note on Thursday, February 6th. Piper Sandler decreased their price objective on shares of WaFd from $37.00 to $31.00 and set a “neutral” rating for the company in a research report on Tuesday, January 21st. Finally, Keefe, Bruyette & Woods dropped their target price on shares of WaFd from $42.00 to $34.00 and set a “market perform” rating on the stock in a research report on Tuesday, January 21st. Five equities research analysts have rated the stock with a hold rating, Based on data from MarketBeat, WaFd currently has an average rating of “Hold” and a consensus price target of $33.75.

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.