WAFD, INC.
In the published model solve dated 2026-Q2, anchored at $36.09, WAFD, INC. (WAFD) is priced for 9.9% return on equity. boothcheck publishes no house fair value, target price, or buy/sell rating; individual model outputs and user-controlled scenarios are analytical inputs, not Boothcheck targets. The narrative was composed June 28, 2026 from SEC EDGAR filings.
• WaFd is a Pacific Northwest savings bank that competes on low operating costs and balance-sheet management; it aims to grow net interest income ⟦"through the rate cycles"⟧ rather than chase loan volume. • The defining question is the return on equity: the price near book value assumes the bank sustains a roughly 10% return on its capital, above the about 8% on trailing earnings it has recently earned. • What to watch is the margin and credit trend: net interest margin improved to about 2.81% i
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246 institutional managers reported holding WAFD in 13F filings for the quarter ended 2026-03-31. Together they hold about 82% of the company; the top 10 hold 57%. 28 opened new positions that quarter. Held by BlackRock, Vanguard Group, Dimensional Fund Advisors, among others. On the short side, 3.4M shares were sold short as of the 2026-06-15 count, about 4% of shares outstanding (7 days of typical volume to cover).
Quarterly 13F filings arrive up to 45 days after quarter end, so the picture is never current (filed through 2026-05-29). Nothing here is investment advice.
WAFD's share count grew 5.1% over the past five years even with $448.52M spent on repurchases. It pays a dividend, and has paid one every year in our records (17 and counting), raised 7 years straight; the current rate is $1.07 a share annually. Cash returned over the past three years: $215.39M in dividends and $274.24M in repurchases.
Share counts are split-adjusted; repurchase totals are gross of share issuance. Nothing here is investment advice.
Open-market insider buys at WAFD over the trailing three years: 2025: 2 buys totaling $100k. 18 officers and directors are on file.
Code P open-market purchases from SEC Form 4 filings, non-derivative, excluding scheduled 10b5-1 plans. Nothing here is investment advice.
WAFD's recent reports: the day-one move, then what the following quarter actually did.
| report | day one | next quarter |
|---|---|---|
| 2023-08-05 | +8.1% | -15.5% |
| 2023-11-18 | +9.7% | +8.1% |
| 2024-02-01 | -6.3% | -2.5% |
| 2024-05-04 | +1.0% | -1.9% |
Day-one is the close-to-close move around the filing. Nothing here is investment advice.
WAFD's latest 8-K filings: 2026-08-11 (items 8.01, 9.01); 2026-07-28 (items 7.01, 9.01); 2026-07-17 (items 2.02, 9.01); 2026-07-06 (items 7.01, 9.01); 2026-05-12 (items 8.01, 9.01).
Item codes are the SEC's own classification of what each report discloses. Dates link to the filing on EDGAR. Nothing here is investment advice.
Model solve date: 2026-Q2
Narrative composed: June 28, 2026
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For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.