Western Alliance Bancorporation (NYSE:WAL) Given New $90.00 Price Target at Keefe, Bruyette & Woods

Key Points

• Keefe, Bruyette & Woods cut Western Alliance’s price target to $90 from $92 but maintained an “outperform” rating, implying roughly 19.8% upside from the prior close.
• Analyst sentiment remains favorable overall, with a consensus “Moderate Buy” rating and an average target price of $92.59; 12 analysts rate the stock a Buy and four rate it a Hold.
• Western Alliance recently beat quarterly estimates, reporting $2.45 in EPS and $1.01 billion in revenue, while revenue rose 8.1% year over year and nonaccrual loans declined, easing some credit-quality concerns.

Western Alliance Bancorporation (NYSE:WAL - Get Free Report) had its target price cut by Keefe, Bruyette & Woods from $92.00 to $90.00 in a research report issued to clients and investors on Wednesday, Benzinga reports. The firm presently has an "outperform" rating on the financial services provider's stock. Keefe, Bruyette & Woods' price objective would indicate a potential upside of 19.77% from the company's previous close.

WAL has been the topic of a number of other reports. Royal Bank Of Canada reduced their target price on shares of Western Alliance Bancorporation from $95.00 to $93.00 and set an "outperform" rating on the stock in a report on Friday, October 9th. Piper Sandler set a $96.00 price target on shares of Western Alliance Bancorporation in a research note on Tuesday. Raymond James Financial initiated coverage on Western Alliance Bancorporation in a research report on Tuesday, September 22nd. They set an "outperform" rating and a $90.00 price objective on the stock. DA Davidson set a $107.00 price objective on Western Alliance Bancorporation in a research note on Tuesday. Finally, Stephens set a $95.00 target price on Western Alliance Bancorporation and gave the stock an "overweight" rating in a research note on Thursday, July 23rd. Twelve investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, Western Alliance Bancorporation presently has a consensus rating of "Moderate Buy" and an average target price of $92.59.

Western Alliance Bancorporation Trading Down 0.2%

Shares of Western Alliance Bancorporation stock traded down $0.16 during trading hours on Wednesday, hitting $75.14. The company's stock had a trading volume of 424,786 shares, compared to its average volume of 1,179,265. Western Alliance Bancorporation has a twelve month low of $65.82 and a twelve month high of $97.23. The firm has a fifty day moving average of $77.87 and a 200-day moving average of $79.15. The stock has a market cap of $8.20 billion, a price-to-earnings ratio of 8.30, a P/E/G ratio of 0.75 and a beta of 1.42. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.81 and a current ratio of 0.86.

Western Alliance Bancorporation (NYSE:WAL - Get Free Report) last issued its quarterly earnings data on Monday, October 19th. The financial services provider reported $2.45 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.43 by $0.02. Western Alliance Bancorporation had a return on equity of 13.48% and a net margin of 17.34%. The firm had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $987.91 million. During the same period last year, the company earned $2.28 EPS. The company's quarterly revenue was up 8.1% on a year-over-year basis. Research analysts forecast that Western Alliance Bancorporation will post 9.06 EPS for the current year.

Institutional Trading of Western Alliance Bancorporation

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. BlackRock Inc. purchased a new position in shares of Western Alliance Bancorporation during the second quarter worth approximately $926,898,000. Davis Asset Management L.P. acquired a new position in shares of Western Alliance Bancorporation in the 2nd quarter valued at $274,219,000. Barrow Hanley Mewhinney & Strauss LLC acquired a new position in shares of Western Alliance Bancorporation in the 2nd quarter valued at $174,329,000. Jupiter Topco LLC purchased a new stake in Western Alliance Bancorporation in the 2nd quarter valued at $101,995,000. Finally, Bank of America Corp DE purchased a new stake in Western Alliance Bancorporation in the 2nd quarter valued at $96,977,000. 79.15% of the stock is currently owned by institutional investors and hedge funds.

More Western Alliance Bancorporation News

Here are the key news stories impacting Western Alliance Bancorporation this week:

• Positive Sentiment: Q3 earnings and revenue exceeded expectations. Western Alliance reported earnings of $2.45 per share versus the $2.43 consensus estimate, while revenue reached approximately $1.01 billion, ahead of expectations and up 8.1% year over year. Net income increased 6.4% to $277.2 million. Western Alliance Bancorporation Reports Third Quarter 2026 Financial Results
• Positive Sentiment: Core banking trends improved. Net interest income rose to $807.6 million, net interest margin expanded to 3.57%, and loans held for investment increased to $61.5 billion. Management projects 11%–12% net interest income growth and is targeting at least $5 billion of deposit optimization, providing a potentially favorable earnings outlook. Western Alliance projects net interest income growth
• Positive Sentiment: Credit concerns eased. Nonaccrual loans declined by $77 million to $485 million during the quarter, helping reassure investors concerned about asset quality. The company also repurchased $92.1 million of stock. Western Alliance stock gains as Q3 results ease credit fears
• Neutral Sentiment: Analyst sentiment is cautious. JPMorgan lowered its price target from $90 to $85 and assigned a neutral rating, although the revised target still implies meaningful potential upside from recent trading levels. JPMorgan changes Western Alliance price target
• Negative Sentiment: Investors remain concerned about the longer-term growth profile. Recent coverage characterizes Western Alliance’s future growth as slower, which could weigh on valuation despite the quarterly beat and improving credit indicators. Western Alliance Bancorporation: Slower Future Growth Profile

Western Alliance Bancorporation Company Profile

Western Alliance Bancorporation NYSE: WAL is a bank holding company headquartered in Phoenix, Arizona. Through its principal subsidiary, Western Alliance Bank, the company provides banking and financial services to businesses, professionals, entrepreneurs, and individual customers.

Western Alliance Bank offers commercial and industrial lending, commercial real estate financing, construction loans, residential mortgage warehouse lending, and consumer banking services. Its deposit products include checking, savings, money market, and time deposit accounts, while its other services include treasury management, online banking, payments, and wealth management solutions.

The bank serves customers through a combination of regional banking divisions and specialized businesses, with operations focused on markets including Arizona, California, and Nevada as well as nationwide industry-based lending and financial services.

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