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

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.
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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.
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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.
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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.

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

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.

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.

ETFs with the largest weight of Western Alliance Bancorporation (NYSE:WAL) stock in their portfolio include Roundhill MEME ETF (MEME), SPDR S&P Regional Banking ETF (KRE), Direxion Daily Regional Banks Bull 3x Shares (DPST), Invesco Alerian Galaxy Blockchain Users and Decentralized Commerce ETF (BLKC), SPDR S&P Bank ETF (KBE), Invesco KBW Bank ETF (KBWB), iShares U.S. Regional Banks ETF (IAT) and First Trust Financials AlphaDEX Fund (FXO).

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.

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.

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).

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

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

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.

The company employs 3,365 workers across the globe.

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.