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

14 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Western Alliance Bancorporation in the last twelve months. 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.
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14 equities research analysts have issued 12-month price targets for Western Alliance Bancorporation's shares. Their WAL share price forecasts range from $32.00 to $66.00. On average, they anticipate the company's share price to reach $55.43 in the next twelve months. This suggests a possible upside of 23.1% from the stock's current price.
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Western Alliance Bancorporation's stock was trading at $59.56 at the beginning of 2023. Since then, WAL shares have decreased by 24.4% and is now trading at $45.02.
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Western Alliance Bancorporation saw a increase in short interest in the month of August. As of August 31st, there was short interest totaling 8,880,000 shares, an increase of 19.2% from the August 15th total of 7,450,000 shares. Based on an average daily volume of 2,330,000 shares, the days-to-cover ratio is presently 3.8 days.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, October 19th 2023.
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Western Alliance Bancorporation (NYSE:WAL) issued its quarterly earnings results on Wednesday, July, 19th. The financial services provider reported $1.96 EPS for the quarter, missing analysts' consensus estimates of $1.97 by $0.01. The financial services provider had revenue of $669.30 million for 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%. Western Alliance Bancorporation's revenue was up 8.0% on a year-over-year basis. During the same quarter last year, the company earned $2.39 earnings per share.

Western Alliance Bancorporation announced a quarterly dividend on Tuesday, August 1st. Investors 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 3.20%. The ex-dividend date of this dividend is Thursday, August 10th.
Read our dividend analysis for WAL.

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 Financial 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).

Western Alliance Bancorporation (NYSE:WAL) pays an annual dividend of $1.44 per share and currently has a dividend yield of 3.10%. 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 17.60% 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 many different institutional and retail investors. Top institutional shareholders include BlackRock Inc. (4.94%), State Street Corp (3.50%), Thrivent Financial for Lutherans (3.38%), William Blair Investment Management LLC (3.03%), Geode Capital Management LLC (1.45%) and Point72 Asset Management L.P. (1.10%). 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 $45.02.

Western Alliance Bancorporation (NYSE:WAL) has a market capitalization of $4.93 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.

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.