From MarketBeat:

WaFd reported $0.85 earnings per share for the quarter, exceeding estimates by $0.08. Revenue was $166.40 million, lower than the expected $180.45 million. Return on equity is 12.38% and net margin is 23.51%. Revenue dropped 14.4% from the previous year. Also, during the same period in the previous year, the company posted $1.16 in earnings per share.

The day after the earnings report, WaFd saw a 1.7% drop in stock value, trading at $30.25 per share. The market cap for WaFd is currently $1.94 billion, with a price-to-earnings ratio of 8.13. The company has a one year low of $23.36 and a one year high of $37.29.

WaFd recently announced a quarterly dividend of $0.25 per share representing a $1.00 annualized dividend and a 3.31% yield. The company’s dividend payout ratio (DPR) is currently 26.88%.

Another topic includes institutional investors and hedge funds acquisition of WaFd shares. For example, The Manufacturers Life Insurance Company owns 32,009 shares of the bank’s stocks, valued at $820,000. Hedge funds now own 86.36% of the WaFd stock.

Lastly, several analysts have expressed mixed opinions about WaFd. One company downgraded the stock, while another issued an “equal weight” rating and a $32.00 price target for the company. The company currently has a consensus rating of “Hold” and a consensus target price of $33.50. WaFd has a “Moderate Buy” rating among analysts.

WaFd, Inc. operates as the bank holding company for Washington Federal Bank. They provide lending, depository, insurance, and other banking services in the United States, offering deposit products and business and personal checking accounts.

Finally, readers are encouraged to follow expert advice and consider other top-performing stocks favored by Wall Street analysts, as WaFd was not among the recommended top five.



Read more: WaFd (NASDAQ:WAFD) Issues Quarterly Earnings Results, Beats Expectations By $0.08 EPS