Piper Sandler Maintains Neutral on WaFd, Lowers Price Target to $31
Piper Sandler analyst Matthew Clark maintains WaFd (NASDAQ:WAFD) with a Neutral and lowers the price target from $32 to $31.
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Piper Sandler analyst Matthew Clark maintains WaFd (NASDAQ:WAFD) with a Neutral and lowers the price target from $32 to $31.
WaFd reported 22% full-year earnings per share growth and is reallocating capital from low-yielding residential mortgages to higher-yielding assets. A single $54 million commercial loan impairment temporarily spiked losses, but management views this as an outlier. The pending merger with EverBank in early 2027 is expected to enhance deposit profitability and enable fair valuation of legacy mortgages earning only 4.25%.
WaFd (NASDAQ:WAFD) reported quarterly earnings of $0.76 per share which missed the analyst consensus estimate of $0.84 by 9.52 percent. This is a 5.56 percent increase over earnings of $0.72 per share from the same
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DA Davidson analyst Jeff Rulis maintains WaFd (NASDAQ:WAFD) with a Neutral and lowers the price target from $40 to $37.