Piper Sandler cuts target for WaFd stock from USD 32 to USD 31

Published on 10/20/2026 at 14:08 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Fiscal 2026 diluted earnings per share rose 22.00 percent to USD 3.21. WaFd stock costs EUR 25.30 on October 20, 2026.

Target changes shape after results

Piper Sandler cut its WaFd target to USD 31 from USD 32 on October 19, 2026.
Fiscal 2026 diluted earnings per share rose 22.00 percent to USD 3.21.
WaFd stock trades at EUR 25.30 at 2:01 p.m. CEST at Lang & Schwarz on October 20, 2026.
WaFd reported USD 220.44 million of fourth-quarter revenue on October 15, 2026.

WAFD, US9388241096, Illustration mit AI erstellt.

WaFd stock (ISIN US9388241096) is the subject of a lower Piper Sandler target, cut to USD 31 from USD 32 on October 19, 2026. The analyst kept a Neutral rating while citing a smaller balance sheet and higher operating expenses, according to Markets Insider.

Fiscal 2026 earnings improved

WaFd reported fiscal 2026 diluted earnings per common share of USD 3.21, up 22.00 percent from USD 2.63 in fiscal 2025. The company also reported fiscal-year net income of USD 255.865 million, up 13.00 percent from USD 226.068 million, in its October 15, 2026 release carried by the Financial Times.

The fourth quarter showed a more mixed picture. Net income was USD 59.991 million, down 9.00 percent from the June quarter, while net interest margin held at 2.81 percent and net interest income reached USD 182.353 million. The results included USD 39.2 million of net charge-offs and USD 20.0 million of provision for credit losses.

What does the target cut signal?

Piper Sandler lowered its standalone fiscal 2027 and fiscal 2028 earnings-per-share estimates to USD 3.22 and USD 3.11 from USD 3.40 and USD 3.45. The stated reasons, a smaller balance sheet and higher operating expenses, put the pending EverBank transaction at the center of the valuation debate.

Three dates frame the story

On October 2, 2026, WaFd announced that fiscal 2026 results would be released after the close on October 15, 2026, with a conference call on October 16, 2026, according to StockTitan. On October 15, 2026, the company reported USD 3.21 of fiscal-year diluted earnings per share, and on October 19, 2026, Piper Sandler reduced its target to USD 31 from USD 32.

Merger timing stays in 2027

The next disclosed milestone is the planned EverBank merger closing in the first quarter of 2027, subject to shareholder and regulatory approvals. That timetable gives investors a defined event window while the analysts reassess standalone earnings power.

Stock price and valuation context

At Lang & Schwarz, WaFd stock was trading at EUR 25.30 on October 20, 2026 at 2:01 p.m. CEST. The primary Nasdaq quote was USD 28.42 at 4:00 p.m. ET on October 19, 2026, and the reported 52-week range was USD 28.30 to USD 39.49. Market capitalization was USD 2.1 billion as of October 19, 2026. The combination of stronger fiscal-year earnings and lower forward estimates leaves the merger, expenses and credit costs as the main valuation variables. The further course of trading is shown by the continuously updated real-time quote of WaFd stock.