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WaFd, Inc. operates as the bank holding company for Washington Federal Bank that provides lending, depository, insurance, and other banking services in the United States. The company provides deposit products, including business and personal checking accounts, and term certificates of deposit, as well as money market accounts and passbook savings accounts. It offers single-family residential, construction, land acquisition and development, consumer lot, multi-family residential, commercial real estate, home equity, business, and consumer loans, as well as commercial and industrial loans. In addition, the company offers insurance brokerage services, such as individual and business insurance policies; holds and markets real estate properties; and debit and credit cards, as well as acts as the trustee. Additionally, it provides technology and data services; and personalized financial guidance and investment services. It serves consumers, mid-sized and large businesses, and owners and developers of commercial real estate. The company was formerly known as Washington Federal, Inc. and changed its name to WaFd, Inc. in September 2023. WaFd, Inc. was founded in 1917 and is headquartered in Seattle, Washington.
Analyst Perspectives | Discover varied analyst views on WaFd, with price targets ranging from $29 to $35, reflecting differing outlooks on the bank's growth potential and valuation |
Integration Challenges | Uncover the complexities of WaFd's LBC integration, balancing short-term operational hurdles with long-term synergies and market expansion opportunities |
Shareholder Value Boost | Delve into WaFd's expanded share repurchase program, authorizing buyback of up to 14.5% of outstanding shares, signaling confidence in future prospects |
Strategic Loan Sale | Explore WaFd's sale of $3.2 billion in LBC loans, bolstering its CET1 ratio and providing enhanced balance sheet flexibility for future growth |
Metrics to compare | WAFD | Sector Sector - Average of metrics from a broad group of related Financials sector companies | Relationship RelationshipWAFDPeersSector | |
|---|---|---|---|---|
P/E Ratio | 10.8x | 13.0x | 9.9x | |
PEG Ratio | 0.37 | 1.75 | 0.03 | |
Price / Book | 0.9x | 0.9x | 1.0x | |
Price / LTM Sales | 3.3x | 3.2x | 2.9x | |
Upside (Analyst Target) | 0.9% | 10.5% | 14.5% | |
Fair Value Upside | Unlock | 18.6% | 1.7% | Unlock |