Dimensional Fund Advisors LP Has $134.50 Million Stock Holdings in WaFd, Inc (NASDAQ:WAFD)

Dimensional Fund Advisors LP lessened its stake in WaFd, Inc (NASDAQ:WAFD) by 3.3% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 5,071,695 shares of the bank’s stock after selling 172,768 shares during the quarter. Dimensional Fund Advisors LP owned 7.84% of WaFd worth $134,503,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of WAFD. BlackRock Inc. increased its stake in shares of WaFd by 19.0% during the 1st quarter. BlackRock Inc. now owns 9,666,170 shares of the bank’s stock worth $291,145,000 after purchasing an additional 1,544,977 shares during the last quarter. Norges Bank bought a new stake in shares of WaFd during the 4th quarter worth $21,711,000. Artisan Partners Limited Partnership boosted its holdings in shares of WaFd by 49.5% during the 1st quarter. Artisan Partners Limited Partnership now owns 1,880,012 shares of the bank’s stock worth $56,626,000 after buying an additional 622,322 shares during the period. State Street Corp boosted its holdings in shares of WaFd by 16.4% during the 1st quarter. State Street Corp now owns 3,367,946 shares of the bank’s stock worth $101,443,000 after buying an additional 473,561 shares during the period. Finally, Lazard Asset Management LLC boosted its holdings in shares of WaFd by 490.2% during the 1st quarter. Lazard Asset Management LLC now owns 510,742 shares of the bank’s stock worth $16,762,000 after buying an additional 424,205 shares during the period. Institutional investors and hedge funds own 86.36% of the company’s stock.

WaFd Price Performance

Shares of WaFd stock opened at $27.51 on Tuesday. The company has a debt-to-equity ratio of 1.72, a current ratio of 1.13 and a quick ratio of 1.14. WaFd, Inc has a fifty-two week low of $23.36 and a fifty-two week high of $37.29. The firm has a fifty day moving average price of $25.74 and a two-hundred day moving average price of $27.16. The company has a market cap of $1.78 billion, a PE ratio of 7.40 and a beta of 0.83.

WaFd (NASDAQ:WAFD) last issued its quarterly earnings results on Friday, October 20th. The bank reported $0.72 earnings per share for the quarter, missing analysts’ consensus estimates of $0.91 by ($0.19). WaFd had a net margin of 23.51% and a return on equity of 12.38%. The company had revenue of $151.53 million during the quarter, compared to the consensus estimate of $199.20 million. During the same period last year, the company earned $1.07 earnings per share. WaFd’s revenue for the quarter was down 18.8% on a year-over-year basis. Analysts expect that WaFd, Inc will post 3.08 EPS for the current year.

WaFd Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 8th. Shareholders of record on Friday, November 24th will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 3.64%. The ex-dividend date of this dividend is Wednesday, November 22nd. WaFd’s dividend payout ratio (DPR) is presently 26.88%.

Analyst Ratings Changes

Separately, StockNews.com raised shares of WaFd from a “sell” rating to a “hold” rating in a report on Tuesday, November 14th.

WaFd Company Profile

WaFd, Inc operates as the bank holding company for Washington Federal Bank, National Association 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.