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 dwellings, 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. 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.
Strategic Loan Sale | WaFd's $3.2 billion LBC loan sale at carrying value boosts CET1 ratio by 80 basis points, enhancing balance sheet flexibility for potential buybacks |
Integration Challenges | Delve into WaFd's ongoing LBC integration, exploring its impact on market presence, operational synergies, and potential risks to short-term performance |
Valuation Insights | Analysts set price targets ranging from $29 to $35, reflecting a discounted valuation compared to peers trading at 10.6 times earnings |
Growth Prospects | Explore WaFd's post-integration opportunities, including expanded market presence, enhanced product offerings, and improved competitive positioning in the banking secto |
Metrics to compare | WAFD | Sector Sector - Average of metrics from a broad group of related Financial sector companies | Relationship RelationshipWAFDPeersSector | |
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P/E Ratio | 15.8x | 17.3x | 8.8x | |
PEG Ratio | −0.48 | −0.50 | 0.03 | |
Price/Book | 1.1x | 0.6x | 1.0x | |
Price / LTM Sales | 4.2x | 0.7x | 2.8x | |
Upside (Analyst Target) | 11.0% | 0.0% | 10.6% | |
Fair Value Upside | Unlock | 6.4% | 2.5% | Unlock |