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Investing.com - DA Davidson has increased its price target on Washington Federal (NASDAQ:WAFD) to $33.00 from $29.00 while maintaining its Neutral rating on the stock. Currently trading at $29.87, the stock appears fairly valued according to InvestingPro analysis, with a P/E ratio of 11.3x.
The firm cited Washington Federal’s third fiscal quarter performance, which showed slower growth but an improved net interest margin (NIM).
Despite these quarterly changes, DA Davidson did not alter its fiscal 2026 earnings per share forecast for the company, noting that Washington Federal is "getting to the same spot with less risk."
The research firm expressed positive sentiment about several aspects of Washington Federal’s business, including its buyback commitment, steady expenses, and an upward trajectory for net interest margin.
DA Davidson acknowledged some offsetting factors, including lack of growth and rising problem loans, but indicated these were not long-term concerns for Washington Federal.
In other recent news, WaFd Inc. has declared a dividend for its Series A Preferred Stock shareholders. The company announced that the dividend amounts to $12.1875 per share for its 4.875% Fixed Rate Series A Non-Cumulative Perpetual Preferred Stock. This translates to $0.30468750 per depositary share, with each share representing a 1/40th interest in a share of the Series A Preferred Stock. The dividend is scheduled for payment on July 15, 2025, to shareholders recorded as of June 30, 2025. This announcement aligns with WaFd Inc.’s ongoing strategy of rewarding shareholders and maintaining a commitment to shareholder returns. The dividend declaration was made through an SEC filing, ensuring transparency and up-to-date financial information for investors. WaFd Inc. has not included any forward-looking statements or projections in this announcement, focusing strictly on the dividend details. Investors should consider this information as part of the company’s recent financial developments, without any implied investment advice or recommendation.
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