DA Davidson Issues Positive Forecast for Western Alliance Bancorporation (NYSE:WAL) Stock Price

Western Alliance Bancorporation (NYSE:WAL - Get Free Report) had its price target lifted by DA Davidson from $90.00 to $98.00 in a research note issued to investors on Monday,Benzinga reports. The brokerage presently has a "buy" rating on the financial services provider's stock. DA Davidson's target price suggests a potential upside of 17.96% from the company's current price. DA Davidson also issued estimates for Western Alliance Bancorporation's Q3 2025 earnings at $2.20 EPS, FY2025 earnings at $8.40 EPS and FY2026 earnings at $10.27 EPS.

Several other equities research analysts also recently issued reports on the company. Wall Street Zen raised Western Alliance Bancorporation from a "sell" rating to a "hold" rating in a research report on Wednesday, May 21st. Royal Bank Of Canada lowered their price target on Western Alliance Bancorporation from $105.00 to $85.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 23rd. Piper Sandler raised their price target on Western Alliance Bancorporation from $94.00 to $105.00 and gave the company an "overweight" rating in a research report on Monday. Truist Financial lowered their price target on Western Alliance Bancorporation from $96.00 to $93.00 and set a "buy" rating on the stock in a research report on Monday. Finally, JPMorgan Chase & Co. raised their price target on Western Alliance Bancorporation from $80.00 to $87.00 and gave the company an "overweight" rating in a research report on Tuesday, July 1st. Two investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat.com, Western Alliance Bancorporation currently has an average rating of "Moderate Buy" and an average price target of $96.62.

Western Alliance Bancorporation Stock Down 0.6%

Western Alliance Bancorporation stock traded down $0.46 during mid-day trading on Monday, hitting $83.08. 889,706 shares of the company's stock were exchanged, compared to its average volume of 1,132,078. The company has a current ratio of 0.85, a quick ratio of 0.81 and a debt-to-equity ratio of 0.95. The stock has a market cap of $9.17 billion, a P/E ratio of 10.96, a P/E/G ratio of 0.56 and a beta of 1.29. Western Alliance Bancorporation has a 1-year low of $57.05 and a 1-year high of $98.10. The stock has a 50 day moving average of $77.22 and a two-hundred day moving average of $78.24.

Western Alliance Bancorporation (NYSE:WAL - Get Free Report) last posted its 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 firm had revenue of $836.21 million for the quarter, compared to the consensus estimate of $838.58 million. Western Alliance Bancorporation had a net margin of 16.39% and a return on equity of 12.62%. During the same period in the prior year, the business posted $1.75 earnings per share. As a group, analysts anticipate that Western Alliance Bancorporation will post 9.05 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in WAL. Raymond James Financial Inc. bought a new position in Western Alliance Bancorporation during the fourth quarter worth about $2,695,000. HighTower Advisors LLC raised its stake in shares of Western Alliance Bancorporation by 8.5% in the fourth quarter. HighTower Advisors LLC now owns 16,750 shares of the financial services provider's stock valued at $1,399,000 after acquiring an additional 1,312 shares during the last quarter. American Century Companies Inc. raised its stake in shares of Western Alliance Bancorporation by 1.1% in the fourth quarter. American Century Companies Inc. now owns 364,320 shares of the financial services provider's stock valued at $30,435,000 after acquiring an additional 4,057 shares during the last quarter. KLP Kapitalforvaltning AS bought a new position in shares of Western Alliance Bancorporation in the fourth quarter valued at approximately $1,771,000. Finally, LPL Financial LLC raised its stake in shares of Western Alliance Bancorporation by 7.5% in the fourth quarter. LPL Financial LLC now owns 146,303 shares of the financial services provider's stock valued at $12,222,000 after acquiring an additional 10,245 shares during the last quarter. Institutional investors own 79.15% of the company's stock.

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.