WaFd, Inc. (NASDAQ:WAFD) Shareholders to Receive $0.27 Quarterly Dividend

WaFd, Inc. (NASDAQ:WAFD) declared a quarterly dividend on Tuesday, November 10th. Stockholders of record on Friday, November 20th will be paid a dividend of $0.27 per share by the bank on Friday, December 4th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 3.7%. The ex-dividend date is Friday, November 20th.

WaFd has a payout ratio of 35.8% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect WaFd to earn $3.62 per share next year, which means the company should continue to be able to cover its $1.08 annual dividend with an expected future payout ratio of 29.8%.

WaFd Price Performance

Shares of NASDAQ WAFD traded down $0.24 during midday trading on Wednesday, hitting $29.20. The company had a trading volume of 39,046 shares, compared to its average volume of 727,651. The company has a quick ratio of 0.92, a current ratio of 0.94 and a debt-to-equity ratio of 0.92. WaFd has a twelve month low of $28.10 and a twelve month high of $39.49. The business has a 50-day simple moving average of $30.95 and a two-hundred day simple moving average of $33.84. The firm has a market capitalization of $2.16 billion, a price-to-earnings ratio of 9.10 and a beta of 0.90.

WaFd (NASDAQ:WAFD) last issued its earnings results on Friday, October 16th. The bank reported $0.85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.84 by $0.01. The company had revenue of $220.44 million during the quarter, compared to analysts’ expectations of $203.66 million. WaFd had a net margin of 18.04% and a return on equity of 9.37%. Equities research analysts anticipate that WaFd will post 3.30 earnings per share for the current year.

Analyst Ratings Changes

Several equities analysts recently issued reports on WAFD shares. Weiss Ratings cut WaFd from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, October 19th. Zacks Research downgraded WaFd from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 3rd. Piper Sandler lowered their target price on WaFd from $32.00 to $31.00 and set a “neutral” rating on the stock in a report on Monday, October 19th. DA Davidson set a $31.00 price target on WaFd in a research report on Monday, October 19th. Finally, Keefe, Bruyette & Woods cut their price target on WaFd from $40.00 to $34.00 and set a “market perform” rating for the company in a research note on Monday, October 19th. Five investment analysts have rated the stock with a Hold rating. According to data from MarketBeat.com, WaFd presently has a consensus rating of “Hold” and a consensus target price of $32.50.

About WaFd

WaFd, Inc. is the bank holding company for WaFd Bank, a regional financial institution serving individuals, businesses and organizations. The bank offers deposit accounts, including checking and savings, as well as consumer and commercial lending, mortgage services and cash management. Its lending activities include residential mortgages and loans to businesses, including commercial real estate financing. WaFd Bank operates across the western United States, with a presence in states including Washington, Oregon, Idaho, Arizona, Nevada, Utah, New Mexico and Texas.