DA Davidson Has Optimistic Outlook of WAL FY2025 Earnings

Key Points

• DA Davidson has raised its FY2025 earnings per share (EPS) estimate for Western Alliance Bancorporation to $8.42, slightly up from its previous forecast of $8.40, maintaining a "Buy" rating and a target price of $98.00.
• The consensus estimate for Western Alliance Bancorporation's current full-year earnings is projected at $9.05 per share, while FY2026 earnings are estimated at $10.40 EPS.
• Western Alliance Bancorporation recently paid a quarterly dividend of $0.38 per share, reflecting a 1.8% dividend yield and a payout ratio of approximately 19.97%.

Western Alliance Bancorporation (NYSE:WAL - Free Report) - Research analysts at DA Davidson lifted their FY2025 earnings per share (EPS) estimates for Western Alliance Bancorporation in a research note issued on Monday, September 29th. DA Davidson analyst G. Tenner now expects that the financial services provider will post earnings of $8.42 per share for the year, up from their previous forecast of $8.40. DA Davidson has a "Buy" rating and a $98.00 price objective on the stock. The consensus estimate for Western Alliance Bancorporation's current full-year earnings is $9.05 per share. DA Davidson also issued estimates for Western Alliance Bancorporation's FY2026 earnings at $10.40 EPS.

Western Alliance Bancorporation (NYSE:WAL - Get Free Report) last released its quarterly earnings results on Thursday, July 17th. The financial services provider reported $2.07 EPS for the quarter, topping the consensus estimate of $2.04 by $0.03. The company had revenue of $836.21 million for the quarter, compared to analyst estimates of $838.58 million. Western Alliance Bancorporation had a return on equity of 12.62% and a net margin of 16.39%.During the same quarter in the previous year, the company posted $1.75 earnings per share.

WAL has been the topic of a number of other research reports. TD Cowen assumed coverage on Western Alliance Bancorporation in a report on Thursday, September 25th. They issued a "buy" rating and a $118.00 target price on the stock. Barclays boosted their target price on Western Alliance Bancorporation from $97.00 to $100.00 and gave the company an "overweight" rating in a report on Tuesday, July 8th. Truist Financial dropped their target price on Western Alliance Bancorporation from $96.00 to $93.00 and set a "buy" rating on the stock in a report on Monday, July 21st. Citigroup reissued a "neutral" rating on shares of Western Alliance Bancorporation in a report on Tuesday, August 26th. Finally, Piper Sandler boosted their target price on Western Alliance Bancorporation from $94.00 to $105.00 and gave the company an "overweight" rating in a report on Monday, July 21st. Thirteen investment analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. According to MarketBeat.com, Western Alliance Bancorporation currently has a consensus rating of "Moderate Buy" and a consensus target price of $100.33.

Western Alliance Bancorporation Trading Down 0.4%

WAL opened at $86.74 on Wednesday. The firm has a market cap of $9.57 billion, a price-to-earnings ratio of 11.40, a price-to-earnings-growth ratio of 0.60 and a beta of 1.39. Western Alliance Bancorporation has a 52 week low of $57.05 and a 52 week high of $98.10. The business's 50 day moving average is $85.31 and its two-hundred day moving average is $78.13. The company has a quick ratio of 0.82, a current ratio of 0.86 and a debt-to-equity ratio of 0.95.

Institutional Trading of Western Alliance Bancorporation

Institutional investors and hedge funds have recently made changes to their positions in the stock. HWG Holdings LP purchased a new stake in shares of Western Alliance Bancorporation in the first quarter valued at $25,000. Tsfg LLC acquired a new position in Western Alliance Bancorporation in the first quarter valued at $33,000. Hantz Financial Services Inc. increased its stake in Western Alliance Bancorporation by 995.8% in the second quarter. Hantz Financial Services Inc. now owns 526 shares of the financial services provider's stock valued at $41,000 after purchasing an additional 478 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its stake in Western Alliance Bancorporation by 241.1% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 713 shares of the financial services provider's stock valued at $56,000 after purchasing an additional 504 shares during the last quarter. Finally, BI Asset Management Fondsmaeglerselskab A S acquired a new position in Western Alliance Bancorporation in the first quarter valued at $58,000. 79.15% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, insider Tim R. Bruckner sold 2,500 shares of the company's stock in a transaction on Thursday, July 24th. The stock was sold at an average price of $83.91, for a total value of $209,775.00. Following the sale, the insider directly owned 24,759 shares in the company, valued at $2,077,527.69. This represents a 9.17% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 2.75% of the stock is owned by corporate insiders.

Western Alliance Bancorporation Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 29th. Stockholders of record on Thursday, August 14th were given a $0.38 dividend. This represents a $1.52 annualized dividend and a dividend yield of 1.8%. The ex-dividend date was Thursday, August 14th. Western Alliance Bancorporation's dividend payout ratio is currently 19.97%.

About Western Alliance Bancorporation

Western Alliance Bancorporation operates as the bank holding company for Western Alliance Bank that provides various banking products and related services primarily in Arizona, California, and Nevada. It operates through Commercial and Consumer Related segments. The company offers deposit products, including checking, savings, and money market accounts, as well as fixed-rate and fixed maturity certificates of deposit accounts; demand deposits; and treasury management and residential mortgage products and services.

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