WaFd (NASDAQ:WAFD) Announces Earnings Results, Beats Estimates By $0.01 EPS

WaFd (NASDAQ:WAFD) issued its quarterly earnings data on Thursday. The bank reported $0.85 earnings per share for the quarter, topping the consensus estimate of $0.84 by $0.01, reports. WaFd had a net margin of 18.47% and a return on equity of 8.98%. The business had revenue of $220.44 million during the quarter, compared to analysts’ expectations of $203.66 million.

WaFd Stock Performance

NASDAQ:WAFD opened at $29.45 on Friday. The stock has a fifty day moving average price of $33.66 and a 200-day moving average price of $35.04. The company has a market cap of $2.18 billion, a price-to-earnings ratio of 9.29 and a beta of 0.89. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.98 and a current ratio of 0.98. WaFd has a fifty-two week low of $26.31 and a fifty-two week high of $39.49.

WaFd Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 4th. Shareholders of record on Friday, August 21st were issued a $0.27 dividend. The ex-dividend date of this dividend was Friday, August 21st. This represents a $1.08 annualized dividend and a yield of 3.7%. WaFd’s payout ratio is currently 34.07%.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on WAFD shares. Weiss Ratings downgraded shares of WaFd from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday, September 3rd. DA Davidson decreased their target price on shares of WaFd from $40.00 to $37.00 and set a “neutral” rating on the stock in a research report on Wednesday, September 9th. Piper Sandler lowered their target price on shares of WaFd from $36.00 to $32.00 and set a “neutral” rating on the stock in a report on Thursday, October 1st. Finally, Zacks Research upgraded shares of WaFd from a “hold” rating to a “strong-buy” rating in a research report on Monday, October 5th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $35.25.

WaFd Company Profile

WaFd, Inc is a bank holding company headquartered in Seattle, Washington, and the parent company of WaFd Bank. Founded in 1917 as Washington Federal, the company adopted the WaFd name in 2024. WaFd Bank provides banking and financial services to individuals, families, businesses and nonprofit organizations.

The bank offers deposit accounts, residential mortgage lending, home equity financing, commercial real estate loans, commercial and industrial lending, construction financing and consumer banking products.