WaFd, Inc. Appoints Colin Murphy as Regional President for Northern Oregon
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 17h ago
0mins
Source: Businesswire
- Leadership Development: Colin Murphy, with over 22 years of banking experience including 15 years in commercial banking, will enhance WaFd Bank's commercial and retail banking strategy in Northern Oregon, focusing on client relationships and team development.
- Market Growth Potential: Having led a commercial banking team at BMO/Bank of the West across key markets like Portland, Seattle, and Boise, Murphy's market growth expertise will help WaFd Bank stand out in competitive environments.
- Community Engagement Commitment: Murphy emphasizes relationship-building with local businesses and community impact, indicating his dedication to fostering lasting partnerships and supporting small businesses, thereby enhancing WaFd Bank's local influence.
- Strategic Alignment: WaFd Bank's Executive Director Dan LaCoste noted that Murphy's leadership style aligns well with the bank's relationship-based philosophy, suggesting he will positively impact the bank's long-term growth and client service.
Analyst Views on WAFD
Wall Street analysts forecast WAFD stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for WAFD is 30.67 USD with a low forecast of 30.00 USD and a high forecast of 31.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
3 Analyst Rating
0 Buy
3 Hold
0 Sell
Hold
Current: 33.510
Low
30.00
Averages
30.67
High
31.00
Current: 33.510
Low
30.00
Averages
30.67
High
31.00
About WAFD
WaFd, Inc. is a bank holding company that conducts its primary business through its subsidiary, Washington Federal Bank. Washington Federal Bank, a federally insured Washington state chartered commercial bank doing business as WaFd Bank (the Bank), is engaged in providing lending, depository, insurance, and other banking services to consumers, mid-sized to large businesses, and owners and developers of commercial real estate. The Bank's business consists primarily of accepting deposits from the public and investing these funds in loans of various types, including first-lien mortgages on single-family dwellings, construction loans, loans on multifamily, commercial real estate and other income-producing properties, home equity loans and business loans. The Bank invests in certain United States government and agency obligations and other investments. The Bank has approximately 208 branches located in Washington, Oregon, Idaho, Arizona, Utah, Nevada, New Mexico, and Texas.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
