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Western Alliance Bancorporation (WAL) Stock Forecast, Price & News

$37.05
-0.90 (-2.37%)
(As of 01:22 PM ET)
Compare
Today's Range
$36.82
$39.32
50-Day Range
$18.20
$40.59
52-Week Range
$7.46
$86.87
Volume
2.05 million shs
Average Volume
7.30 million shs
Market Capitalization
$4.06 billion
P/E Ratio
4.23
Dividend Yield
3.89%
Price Target
$59.25

Western Alliance Bancorporation MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.92 Rating Score
Upside/​Downside
57.2% Upside
$59.25 Price Target
Short Interest
Bearish
11.48% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-0.38
Upright™ Environmental Score
News Sentiment
-0.23mentions of Western Alliance Bancorporation in the last 14 days
Based on 2 Articles This Week
Insider Trading
Acquiring Shares
$63,830 Bought Last Quarter
Proj. Earnings Growth
1.94%
From $8.23 to $8.39 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

3.39 out of 5 stars

Finance Sector

9th out of 871 stocks

State Commercial Banks Industry

3rd out of 181 stocks


WAL stock logo

About Western Alliance Bancorporation (NYSE:WAL) Stock

Western Alliance Bancorporation is a financial services holding company headquartered in Phoenix, Arizona. The company operates through several subsidiaries, including Western Alliance Bank, which provides a full range of banking and related services to businesses and individuals in the United States.

Founded in 1994, Western Alliance Bancorporation has grown into a leading regional bank with operations in several western states, including Arizona, California, and Nevada. The company has recently achieved significant growth and success, including being named one of the Top 50 Best Banks in America by Forbes in 2020.

The management team at Western Alliance Bancorporation is led by Chairman and CEO Kenneth Vecchione, who has been with the company since its inception. Under Vecchione's leadership, Western Alliance Bancorporation has become one of the country's fastest-growing banks, focusing on providing exceptional customer service and innovative financial solutions.

Western Alliance Bancorporation has demonstrated impressive financial performance in recent years, with consistent revenue and earnings growth. However, like many other financial services companies, in Q1 of 2022, the stock started falling because investors feared a recession. The company has maintained a balance sheet with higher debt and questionable liquidity. Despite its strong financial performance, Western Alliance Bancorporation's valuation metrics remain reasonable compared to industry peers. The company's price-to-earnings ratio and price-to-book have kept pace with industry peers. This suggests that the market still needs to fully recognize the company's potential. Despite sector volatility in the market, the company's stock has remained on pace with many of its peers.

Western Alliance Bancorporation operates in a highly competitive and regulated industry, with several large and established banks competing for market share. However, the company has been able to differentiate itself through its focus on customer service and its innovative approach to banking. The company's strong relationships with its customers and ability to quickly adapt to changing market conditions have enabled it to grow its business and expand its reach consistently.

Western Alliance Bancorporation is well-positioned to capitalize on several growth opportunities in the banking industry. The company has a strong track record of successful acquisitions and will likely continue pursuing strategic mergers and acquisitions to expand its business and customer base. Additionally, the company is well-positioned to use emerging technologies, such as mobile banking and digital payments, to serve its customers better and improve its operations.

Despite its many strengths, Western Alliance Bancorporation faces risks and challenges that could impact its future performance. These include changing regulatory requirements, increasing competition from larger banks, and potential consumer preferences or behavior changes. However, the company's experienced management team and strong financial position should enable it to navigate these challenges and continue delivering value to shareholders for years.

Regarding regulatory issues, Western Alliance Bancorporation is subject to the rules and oversight of various state and federal regulatory bodies, including the Federal Reserve, the FDIC, and state banking departments. Compliance with these regulations can be complex and time-consuming, and changes in regulatory requirements could impact the company's ability to operate effectively and profitably.

Western Alliance Bancorporation faces increasing competition from larger banks, as well as from emerging fintech companies that are disrupting traditional banking models. While the company has a proven track record of innovation and adaptability, it must continue investing in technology and digital capabilities to remain competitive and attract new customers.

Changes in consumer preferences or behavior could impact the company's future performance. For example, if consumers increasingly turn to digital banking and mobile payments, Western Alliance Bancorporation may need to adapt its business model to remain relevant and competitive.

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WAL Stock News Headlines

Investor Alert: EV Initiatives Create Unsustainable Demand For Lithium
The soaring demand for lithium is driven by worldwide demand for electric vehicles (EVs). Lithium is ideal for electric cars. It's lightweight, stores lots of energy and is rechargeable. Sales of EVs are expected to increase 10-fold by 2030 and estimates are that 1 in 2 cars sold will be electric by 2040.
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Investor Alert: EV Initiatives Create Unsustainable Demand For Lithium
The soaring demand for lithium is driven by worldwide demand for electric vehicles (EVs). Lithium is ideal for electric cars. It's lightweight, stores lots of energy and is rechargeable. Sales of EVs are expected to increase 10-fold by 2030 and estimates are that 1 in 2 cars sold will be electric by 2040.
Western Alliance Shares Jump on Deposit Surge
See More Headlines

WAL Price History

WAL Company Calendar

Last Earnings
4/19/2023
Ex-Dividend for 5/26 Dividend
5/11/2023
Dividend Payable
5/26/2023
Today
6/05/2023
Next Earnings (Estimated)
7/20/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
State commercial banks
Sub-Industry
Regional Banks
Sector
Finance
CUSIP
95763810
Employees
3,365
Year Founded
1994

Price Target and Rating

Average Stock Price Forecast
$59.25
High Stock Price Forecast
$92.00
Low Stock Price Forecast
$32.00
Forecasted Upside/Downside
+60.7%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.92
Research Coverage
12 Analysts

Profitability

Net Income
$1.06 billion
Pretax Margin
36.04%

Debt

Sales & Book Value

Annual Sales
$3.02 billion
Cash Flow
$10.19 per share
Book Value
$46.47 per share

Miscellaneous

Free Float
106,687,000
Market Cap
$4.04 billion
Optionable
Optionable
Beta
1.37

Social Links


Key Executives

  • Kenneth A. VecchioneKenneth A. Vecchione
    President, Chief Executive Officer & Director
  • Timothy W. BootheTimothy W. Boothe
    Chief Operating Officer
  • Dale M. GibbonsDale M. Gibbons
    Vice Chairman & Chief Financial Officer
  • Jeffrey Semonovich
    Chief Information Officer & Executive VP
  • Randall S. TheisenRandall S. Theisen
    Secretary, Chief Legal Officer & Executive VP













WAL Stock - Frequently Asked Questions

Should I buy or sell Western Alliance Bancorporation stock right now?

12 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Western Alliance Bancorporation in the last year. There are currently 1 hold rating and 11 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" WAL shares.
View WAL analyst ratings
or view top-rated stocks.

What is Western Alliance Bancorporation's stock price forecast for 2023?

12 brokerages have issued 1 year price targets for Western Alliance Bancorporation's shares. Their WAL share price forecasts range from $32.00 to $92.00. On average, they expect the company's share price to reach $59.25 in the next twelve months. This suggests a possible upside of 56.1% from the stock's current price.
View analysts price targets for WAL
or view top-rated stocks among Wall Street analysts.

How have WAL shares performed in 2023?

Western Alliance Bancorporation's stock was trading at $59.56 on January 1st, 2023. Since then, WAL shares have decreased by 36.3% and is now trading at $37.95.
View the best growth stocks for 2023 here
.

Are investors shorting Western Alliance Bancorporation?

Western Alliance Bancorporation saw a increase in short interest during the month of May. As of May 15th, there was short interest totaling 11,770,000 shares, an increase of 25.2% from the April 30th total of 9,400,000 shares. Based on an average daily trading volume, of 11,010,000 shares, the days-to-cover ratio is currently 1.1 days. Currently, 11.5% of the company's stock are sold short.
View Western Alliance Bancorporation's Short Interest
.

When is Western Alliance Bancorporation's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, July 20th 2023.
View our WAL earnings forecast
.

How were Western Alliance Bancorporation's earnings last quarter?

Western Alliance Bancorporation (NYSE:WAL) posted its earnings results on Wednesday, April, 19th. The financial services provider reported $2.30 earnings per share for the quarter, missing the consensus estimate of $2.31 by $0.01. The financial services provider earned $910.90 million during the quarter, compared to analysts' expectations of $648.39 million. Western Alliance Bancorporation had a net margin of 28.75% and a trailing twelve-month return on equity of 21.73%. During the same period in the prior year, the business earned $2.22 earnings per share.

How often does Western Alliance Bancorporation pay dividends? What is the dividend yield for Western Alliance Bancorporation?

Western Alliance Bancorporation announced a quarterly dividend on Tuesday, May 2nd. Investors of record on Friday, May 12th will be given a dividend of $0.36 per share on Friday, May 26th. This represents a $1.44 annualized dividend and a dividend yield of 3.79%. The ex-dividend date is Thursday, May 11th.
Read our dividend analysis for WAL
.

Is Western Alliance Bancorporation a good dividend stock?

Western Alliance Bancorporation (NYSE:WAL) pays an annual dividend of $1.44 per share and currently has a dividend yield of 3.79%. The company has been increasing its dividend for 2 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 16.44%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, WAL will have a dividend payout ratio of 17.16% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for WAL.

What is Kenneth A. Vecchione's approval rating as Western Alliance Bancorporation's CEO?

14 employees have rated Western Alliance Bancorporation Chief Executive Officer Kenneth A. Vecchione on Glassdoor.com. Kenneth A. Vecchione has an approval rating of 60% among the company's employees. This puts Kenneth A. Vecchione in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies.

What other stocks do shareholders of Western Alliance Bancorporation own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Western Alliance Bancorporation investors own include Walt Disney (DIS), Continental Resources (CLR), Netflix (NFLX), Block (SQ), NVIDIA (NVDA), Tesla (TSLA), Activision Blizzard (ATVI), Zynga (ZNGA), Johnson & Johnson (JNJ) and Trade Desk (TTD).

What is Western Alliance Bancorporation's stock symbol?

Western Alliance Bancorporation trades on the New York Stock Exchange (NYSE) under the ticker symbol "WAL."

Who are Western Alliance Bancorporation's major shareholders?

Western Alliance Bancorporation's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (4.39%), Price T Rowe Associates Inc. MD (4.39%), State Street Corp (3.70%), Thrivent Financial for Lutherans (3.62%), Wellington Management Group LLP (1.90%) and William Blair Investment Management LLC (1.68%). Insiders that own company stock include Bryan K Segedi, Dale Gibbons, Donald D Snyder, Donald D Snyder, J Kelly Jr Ardrey, Kenneth Vecchione, Leonard M Tannenbaum, Marianne Boyd Johnson, Randall S Theisen, Robert Gary Sarver, Robert P Latta, Steven J Hilton, Steven J Hilton, Tim R Bruckner, Timothy W Boothe and Todd Marshall.
View institutional ownership trends
.

How do I buy shares of Western Alliance Bancorporation?

Shares of WAL stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Western Alliance Bancorporation's stock price today?

One share of WAL stock can currently be purchased for approximately $37.95.

How much money does Western Alliance Bancorporation make?

Western Alliance Bancorporation (NYSE:WAL) has a market capitalization of $4.16 billion and generates $3.02 billion in revenue each year. The financial services provider earns $1.06 billion in net income (profit) each year or $8.76 on an earnings per share basis.

How many employees does Western Alliance Bancorporation have?

The company employs 3,365 workers across the globe.

Does Western Alliance Bancorporation have any subsidiaries?
The following companies are subsidiares of Western Alliance Bancorporation: AmeriHome Mortgage Company, AmeriHome Mortgage Company LLC, BW Real Estate Inc., BankWest Nevada Capital Trust II, Bridge Bank, Bridge Capital Holdings Trust I, Bridge Capital Holdings Trust II, CS Insurance Co., Digital Disbursements, First Independent Statutory Trust I, Helios Prime Inc., Intermountain First Statutory Trust I, Las Vegas Sunset Properties, WA PWI LLC, WAL Statutory Trust No. 2, WAL Statutory Trust No. 3, WAL Trust No. 1, Western Alliance Bank, Western Alliance Business Trust, Western Alliance Equipment Finance LLC, Western Alliance Mortgage Holding Company LLC, Western Finance Company, and Western One LLC.
Read More
How can I contact Western Alliance Bancorporation?

Western Alliance Bancorporation's mailing address is ONE E. WASHINGTON STREET SUITE 1400, PHOENIX AZ, 85004. The official website for the company is www.westernalliancebancorp.com. The financial services provider can be reached via phone at (602) 389-3500, via email at dgibbons@westernalliancebancorp.com, or via fax at 479-277-1830.

This page (NYSE:WAL) was last updated on 6/5/2023 by MarketBeat.com Staff

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