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

$64.36
-0.33 (-0.51%)
(As of 05/22/2024 ET)
Today's Range
$63.83
$65.06
50-Day Range
$55.25
$64.99
52-Week Range
$33.19
$70.23
Volume
580,104 shs
Average Volume
760,153 shs
Market Capitalization
$7.09 billion
P/E Ratio
9.38
Dividend Yield
2.30%
Price Target
$72.47

Western Alliance Bancorporation MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.86 Rating Score
Upside/​Downside
12.6% Upside
$72.47 Price Target
Short Interest
Bearish
4.90% of Shares Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-0.38
Upright™ Environmental Score
News Sentiment
0.75mentions of Western Alliance Bancorporation in the last 14 days
Based on 6 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
23.39%
From $7.44 to $9.18 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.83 out of 5 stars

Finance Sector

51st out of 824 stocks

State Commercial Banks Industry

10th out of 165 stocks

WAL stock logo

About Western Alliance Bancorporation Stock (NYSE:WAL)

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 Stock Price History

WAL Stock News Headlines

Q1 2024 Western Alliance Bancorp Earnings Call
Western Alliance: 2024 Is Off To A Good Start
A Closer Look at 12 Analyst Recommendations For Western Alliance
Western Alliance: Q1 Earnings Snapshot
See More Headlines
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Company Calendar

Ex-Dividend for 3/1 Dividend
2/15/2024
Dividend Payable
3/01/2024
Last Earnings
4/19/2024
Ex-Dividend for 5/31 Dividend
5/15/2024
Today
5/23/2024
Dividend Payable
5/31/2024
Next Earnings (Estimated)
7/16/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Finance
Industry
State commercial banks
Sub-Industry
Regional Banks
CUSIP
95763810
Employees
3,260
Year Founded
1994

Price Target and Rating

Average Stock Price Target
$72.47
High Stock Price Target
$86.00
Low Stock Price Target
$41.00
Potential Upside/Downside
+12.6%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.86
Research Coverage
14 Analysts

Profitability

Net Income
$722.40 million
Pretax Margin
21.37%

Debt

Sales & Book Value

Annual Sales
$2.26 billion
Cash Flow
$8.02 per share
Book Value
$53.37 per share

Miscellaneous

Free Float
107,083,000
Market Cap
$7.09 billion
Optionable
Optionable
Beta
1.47

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WAL Stock Analysis - Frequently Asked Questions

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

14 Wall Street 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 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 target for 2024?

14 brokers have issued 12-month target prices for Western Alliance Bancorporation's stock. Their WAL share price targets range from $41.00 to $86.00. On average, they predict the company's stock price to reach $72.47 in the next twelve months. This suggests a possible upside of 12.6% 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 2024?

Western Alliance Bancorporation's stock was trading at $65.79 at the beginning of the year. Since then, WAL shares have decreased by 2.2% and is now trading at $64.36.
View the best growth stocks for 2024 here
.

When is Western Alliance Bancorporation's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, July 16th 2024.
View our WAL earnings forecast
.

How were Western Alliance Bancorporation's earnings last quarter?

Western Alliance Bancorporation (NYSE:WAL) released its earnings results on Friday, April, 19th. The financial services provider reported $1.72 EPS for the quarter, topping the consensus estimate of $1.69 by $0.03. The financial services provider earned $1.18 billion during the quarter, compared to the consensus estimate of $711.34 million. Western Alliance Bancorporation had a trailing twelve-month return on equity of 14.77% and a net margin of 16.50%. During the same quarter in the prior year, the business posted $2.30 earnings per share.

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

Western Alliance Bancorporation declared a quarterly dividend on Wednesday, May 1st. Stockholders of record on Thursday, May 16th will be paid a dividend of $0.37 per share on Friday, May 31st. This represents a $1.48 dividend on an annualized basis and a yield of 2.30%. The ex-dividend date is Wednesday, May 15th.
Read our dividend analysis for WAL
.

Is Western Alliance Bancorporation a good dividend stock?

Western Alliance Bancorporation (NYSE:WAL) pays an annual dividend of $1.48 per share and currently has a dividend yield of 2.29%. The company has been increasing its dividend for 4 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 21.57%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, WAL will have a dividend payout ratio of 16.12% 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).

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 Vanguard Group Inc. (9.48%), Price T Rowe Associates Inc. MD (4.64%), William Blair Investment Management LLC (2.54%), Hood River Capital Management LLC (1.49%), Janus Henderson Group PLC (1.47%) and Vaughan Nelson Investment Management L.P. (1.46%). Insiders that own company stock include Bryan K Segedi, Dale Gibbons, Donald D Snyder, J Kelly Jr Ardrey, Kenneth Vecchione, Marianne Boyd Johnson, Randall S Theisen, Robert Gary Sarver, Robert P Latta, Steven J Hilton, Tim R Bruckner and Timothy W Boothe.
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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

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.
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This page (NYSE:WAL) was last updated on 5/23/2024 by MarketBeat.com Staff

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