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Top-Rated StocksTop-RatedTop-Rated Dividend StocksTop-Rated Dividend
NYSE:WAL

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

$42.30
-2.23 (-5.01%)
(As of 12:10 PM ET)
Compare
Today's Range
$41.31
▼
$44.10
50-Day Range
$44.13
▼
$52.99
52-Week Range
$7.46
▼
$81.17
Volume
1.28 million shs
Average Volume
5.09 million shs
Market Capitalization
$4.63 billion
P/E Ratio
5.08
Dividend Yield
3.40%
Price Target
$55.00
ProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainability

Western Alliance Bancorporation MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.86 Rating Score
Upside/​Downside
23.5% Upside
$55.00 Price Target
Short Interest
Healthy
6.64% of Shares Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-0.38
Upright™ Environmental Score
News Sentiment
0.47mentions of Western Alliance Bancorporation in the last 14 days
Based on 8 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
0.49%
From $8.12 to $8.16 Per Share

Overall MarketRank™

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

3.18 out of 5 stars

Finance Sector

43rd out of 882 stocks

State Commercial Banks Industry

12th out of 183 stocks

See Top Rated MarketRank™ Stocks Here

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.

WAL Price History

WAL Stock News Headlines

October 1, 2023 | americanbankingnews.com
Truist Financial Trims Western Alliance Bancorporation (NYSE:WAL) Target Price to $54.00
October 1, 2023 | americanbankingnews.com
Western Alliance Bancorporation (NYSE:WAL) Rating Increased to Hold at StockNews.com
October 3, 2023 | Edge On The Street (Ad)
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September 30, 2023 | americanbankingnews.com
Truist Financial Cuts Western Alliance Bancorporation (NYSE:WAL) Price Target to $54.00
September 29, 2023 | finance.yahoo.com
Western Alliance Bancorp's Meteoric Rise: Unpacking the 26% Surge in Just 3 Months
September 21, 2023 | finance.yahoo.com
WAL Sep 2023 50.000 put
September 16, 2023 | seekingalpha.com
Western Alliance: Good Bank, Great Price, Poor Liquidity
September 14, 2023 | msn.com
Western Alliance: Now Trading At Book Value (Downgrade)
October 3, 2023 | Edge On The Street (Ad)
Is Gold Really Boring?
Many investors perceive gold as a "boring" investment. But according to MoneyWeek, that's a good thing. Gold helps investors sleep soundly as it preserves wealth and creates a hedge against inflation. Today, there's a unique way to invest in gold, with real advantages over coins and mining stocks.
August 29, 2023 | finance.yahoo.com
Julian Parra Named Head of Commercial and Industrial Banking for California at Western Alliance Bank
August 25, 2023 | msn.com
Western Alliance assumed at Overweight at Piper, citing discount
August 25, 2023 | cnbc.com
This regional bank stock can rally more than 20%, Piper Sandler says
August 25, 2023 | markets.businessinsider.com
The Latest Analyst Ratings for Western Alliance
August 24, 2023 | finance.yahoo.com
Todd Sondrini Named Head of Treasury Management for Western Alliance Bank
August 22, 2023 | benzinga.com
What's Going On With Western Alliance Stock (WAL)?
August 15, 2023 | benzinga.com
Why Western Alliance Stock (WAL) Is Down 5% Today
August 8, 2023 | benzinga.com
Why Western Alliance Stock (WAL) Is Falling
August 7, 2023 | finance.yahoo.com
Why Western Alliance Bancorp Stock Surged 42% in July
August 6, 2023 | finance.yahoo.com
Western Alliance Bancorporation (NYSE:WAL) Looks Interesting, And It's About To Pay A Dividend
August 5, 2023 | finance.yahoo.com
Western Alliance Bancorporation (NYSE:WAL) Has Announced A Dividend Of $0.36
August 3, 2023 | finance.yahoo.com
Western Alliance Bancorp Stock Shows Improved Relative Strength
August 2, 2023 | finance.yahoo.com
Western Alliance Bank's Safe and Sound Growth Strategy in the Wake of Regional Bank Failures
July 28, 2023 | finance.yahoo.com
In a Market Where 'Risk Doesn't Exist Anymore' Here's How You Keep Pace
July 28, 2023 | finance.yahoo.com
After losing 30% in the past year, Western Alliance Bancorporation (NYSE:WAL) institutional owners must be relieved by the recent gain
July 24, 2023 | benzinga.com
What's Going On With Western Alliance (WAL) Stock
July 22, 2023 | finance.yahoo.com
Western Alliance Bancorporation (NYSE:WAL) Q2 2023 Earnings Call Transcript
July 22, 2023 | msn.com
Truist Securities Maintains Western Alliance Bancorp (WAL) Buy Recommendation
See More Headlines
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WAL Company Calendar

Last Earnings
7/19/2023
Ex-Dividend for 8/25 Dividend
8/10/2023
Dividend Payable
8/25/2023
Today
10/03/2023
Next Earnings (Estimated)
10/19/2023
Fiscal Year End
12/31/2023
Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange
NYSE
Industry
State commercial banks
Sub-Industry
Regional Banks
Sector
Finance
Current Symbol
NYSE:WAL
CUSIP
95763810
CIK
1212545
Web
www.westernalliancebancorp.com
Phone
(602) 389-3500
Fax
479-277-1830
Employees
3,365
Year Founded
1994

Price Target and Rating

Average Stock Price Forecast
$55.00
High Stock Price Forecast
$66.00
Low Stock Price Forecast
$32.00
Forecasted Upside/Downside
+23.5%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.86
Research Coverage
14 Analysts

Profitability

EPS (Most Recent Fiscal Year)
$8.33
Trailing P/E Ratio
5.35
Forward P/E Ratio
5.48
P/E Growth
0.56
Net Income
$1.06 billion
Net Margins
24.19%
Pretax Margin
30.12%
Return on Equity
20.09%
Return on Assets
1.48%

Debt

Debt-to-Equity Ratio
1.94
Current Ratio
1.04
Quick Ratio
0.97

Sales & Book Value

Annual Sales
$3.02 billion
Price / Sales
1.62
Cash Flow
$10.17 per share
Price / Cash Flow
4.38
Book Value
$46.47 per share
Price / Book
0.96

Miscellaneous

Outstanding Shares
109,500,000
Free Float
107,850,000
Market Cap
$4.88 billion
Optionable
Optionable
Beta
1.42

Social Links

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Key Executives

  • Mr. Kenneth A. VecchioneMr. Kenneth A. Vecchione (Age 69)
    CEO, Pres & Director
    Comp: $3.39M
  • Mr. Dale M. GibbonsMr. Dale M. Gibbons (Age 63)
    Vice Chairman, Exec. VP & CFO
    Comp: $1.72M
  • Mr. Timothy W. BootheMr. Timothy W. Boothe (Age 57)
    Chief Operating Officer
    Comp: $882.1k
  • Mr. Timothy R. BrucknerMr. Timothy R. Bruckner (Age 55)
    Chief Credit Officer
    Comp: $911.53k
  • Mr. Stephen R. Curley (Age 52)
    Chief Banking Officer for National Bus. Lines & Pres for Alliance Association Bank
    Comp: $935.89k
  • Mr. James Kelly Ardrey Jr. (Age 55)
    Sr. VP & Chief Accounting Officer
  • Mr. Jeff Semonovich
    Chief Information Officer
  • Ms. Jessica H. Jarvi
    Chief Legal Officer
  • Mr. Randall S. TheisenMr. Randall S. Theisen (Age 65)
    Chief Corp. Affairs Officer & Special Counsel
  • Mr. Miles Pondelik
    Director of Investor Relations & Corp. Devel.

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions













WAL Stock - Frequently Asked Questions

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

14 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Western Alliance Bancorporation in the last year. There are currently 2 hold ratings and 12 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" WAL shares.
View WAL analyst ratings or view top-rated stocks.

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

14 analysts have issued twelve-month price objectives for Western Alliance Bancorporation's shares. Their WAL share price forecasts range from $32.00 to $66.00. On average, they expect the company's share price to reach $55.00 in the next year. This suggests a possible upside of 23.5% 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 25.2% and is now trading at $44.53.
View the best growth stocks for 2023 here.

Are investors shorting Western Alliance Bancorporation?

Western Alliance Bancorporation saw a decrease in short interest in the month of September. As of September 15th, there was short interest totaling 7,270,000 shares, a decrease of 18.1% from the August 31st total of 8,880,000 shares. Based on an average daily volume of 2,050,000 shares, the short-interest ratio is presently 3.5 days.
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, October 19th 2023.
View our WAL earnings forecast.

How were Western Alliance Bancorporation's earnings last quarter?

Western Alliance Bancorporation (NYSE:WAL) announced its quarterly earnings data on Wednesday, July, 19th. The financial services provider reported $1.96 earnings per share for the quarter, missing analysts' consensus estimates of $1.97 by $0.01. The financial services provider earned $669.30 million during the quarter, compared to analyst estimates of $657.14 million. Western Alliance Bancorporation had a trailing twelve-month return on equity of 20.09% and a net margin of 24.19%. The company's revenue for the quarter was up 8.0% compared to the same quarter last year. During the same period last year, the firm earned $2.39 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, August 1st. Shareholders of record on Friday, August 11th will be given a dividend of $0.36 per share on Friday, August 25th. This represents a $1.44 annualized dividend and a dividend yield of 3.23%. The ex-dividend date is Thursday, August 10th.
Read our dividend analysis for WAL.

What ETFs hold Western Alliance Bancorporation's stock?

ETFs with the largest weight of Western Alliance Bancorporation (NYSE:WAL) stock in their portfolio include SPDR S&P Regional Banking ETF (KRE), First Trust Financials AlphaDEX Fund (FXO), SPDR S&P Bank ETF (KBE), Direxion Daily Regional Banks Bull 3x Shares (DPST), iShares U.S. Regional Banks ETF (IAT), Invesco Zacks Multi-Asset Income ETF (CVY), Invesco KBW Bank ETF (KBWB) and First Trust Mid Cap Value AlphaDEX Fund (FNK).

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 3.13%. 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 17.29%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, WAL will have a dividend payout ratio of 17.65% 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."

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 $44.53.

How much money does Western Alliance Bancorporation make?

Western Alliance Bancorporation (NYSE:WAL) has a market capitalization of $4.88 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 $8.33 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 10/3/2023 by MarketBeat.com Staff

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