(WAFD) Washington Federal - Ratings and Ratios

WaFd, Inc. (NASDAQ:WAFD) is a bank holding company for Washington Federal Bank, offering a comprehensive suite of financial services, including lending, depository, insurance, and other banking solutions. The company provides a range of deposit products, such as business and personal checking accounts, term certificates of deposit, money market accounts, and passbook savings accounts. Its loan portfolio includes 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. Additionally, WaFd offers insurance brokerage services, including individual and business policies, and engages in real estate activities. The company also provides debit and credit cards and acts as a trustee. WaFd serves a diverse customer base, including consumers, mid-sized and large businesses, and owners and developers of commercial real estate. Founded in 1917 and headquartered in Seattle, Washington, the company rebranded from Washington Federal, Inc. to WaFd, Inc. in September 2023.

Over the next three months, WAFD is expected to face headwinds due to its current price action trading below the 200-day SMA of 32.20, indicating potential bearish momentum. The 20-day and 50-day SMAs are converging at 27.12 and 28.12, respectively, suggesting resistance near the 28.12 level. The ATR of 1.14 reflects moderate volatility, which may compress as the stock consolidates. On the fundamental side, the P/B ratio of 0.84 signals undervaluation, potentially attracting value investors. However, the P/S ratio of 3.16 and an ROE of 7.53% suggest moderate growth prospects. With a market cap of $2.3 billion, WAFD remains a mid-sized regional bank with limited upside unless macroeconomic conditions improve. Expect sideways movement with a bearish bias, targeting support at 27.12 and resistance at 32.20.